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House prices? More than double in 15 years in Portugal

In a bulletin released today, the European statistical service reports that between 2010 and 2025, housing prices more than tripled in Hungary (277%) and Estonia (250%).

House prices doubled or more in ten countries of the bloc: Lithuania (202%), Latvia (162%), Czech Republic (155%), Portugal (141%), Bulgaria (133%), Austria (117%), Luxembourg (112%), Slovakia (105%), Poland (104%), and Croatia (102%), with Italy showing the only decline (-1%).

Eurostat further notes that, on the other hand, housing rents in the European Union (EU) increased by 3.2% in the second quarter compared to the same period last year, and by 0.7% compared to the first three months of the year.

Compared to 2010, house prices have increased more than rents in 21 of the 26 EU countries for which data is available.

During the same period, rental prices rose in 26 EU countries, with the largest increases recorded in Estonia (218%), Lithuania (192%), Hungary (125%), and Ireland (117%), while Greece was the only country where rental prices decreased (-9%).

In 2024, Hungary (12.4%) saw the largest year-on-year rental increase, followed by Romania (11.1%) and Malta (8.9%), with Portugal ranking fifth (7.0%).

Between 2010 and the second quarter of 2025, house prices in the EU increased by 60.5%, while rents rose by 28.8%.

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