House price rises slow to 7.6% in the third quarter

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The Housing Price Index (IPHab) rose 7.6% year-on-year in the third quarter, 1.1 percentage points less than in the previous quarter and the smallest increase since the first quarter of 2021, INE announced today.

According to the National Statistics Institute (INE), from July to September, the prices of existing homes grew more intensely compared to new homes: 8.1% and 5.8% respectively.

Compared to the second quarter, IPHab rose by 1.8% (3.1% in the previous quarter), with the growth in new housing prices (2.0%) outstripping that of existing housing (1.8%).

Hervé Hubert
Hervé Hubert
Hervé Hubert is a 55-year-old writer and journalist based in Porto, Portugal. Born in France, he brings a unique blend of French and Portuguese perspectives to his work. Education Hervé studied Journalism and Literature at the University of Lyon in France. After completing his studies, he gained valuable experience working with various French media outlets (Portugal France also). Career He worked for several years as a journalist in France before making the move to Portugal. In Porto, he joined the Portugal Pulse team as a staff writer. Skills Hervé specializes in storytelling, investigative journalism, and cultural commentary. He has a flair for capturing complex issues in a relatable way. Personal Life He currently resides in Porto and enjoys the city's rich culture, from Fado music to Francesinha cuisine. Hervé continues to maintain strong ties to his French heritage, often traveling back to France for family visits and cultural exploration. With his unique background and diverse skill set, Hervé Hubert adds a layered, multicultural lens to every story he covers.

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