Portugal records highest house price growth in Europe

Friday, 4 September 2026AI summary
Portugal records highest house price growth in Europe
Photo: expresso.pt

Inflation-adjusted house prices in Portugal rose by 15.2% in early 2026, topping global rankings as demand continues to outpace limited supply. Meanwhile, banks granted 2.3 billion euros in new home loans during July, even as rising interest rates make monthly mortgage payments more expensive for many households.

Context & Explainers

Portugal’s house prices have risen faster than the EU average since 2020, and recent reports list Portugal among the countries with the largest price increases over that period. That stronger price growth has worsened affordability in Lisbon and Porto in particular, so prospective buyers and renters should check local indices and mortgage costs before deciding.