Housing prices rise 106% compared to what they cost 14 years ago.
Miguel Bravo Morais e Ricardo Ramos
01:30
Portugal is among the nine Member States of the European Union (EU) in which housing prices more than doubled in the second quarter of 2024 compared to 2010.According to data from the European statistical service Eurostat, house prices more than tripled in Estonia (232%) and Hungary (218%) and more than doubled in Lithuania (178%), Latvia (146%), Czech Republic ( 131%), Austria (111%), Portugal (106%), Luxembourg (103%) and Bulgaria (102%).
In the second quarter of the year, Portugal recorded the second biggest chain increase (3.9%) in the EU, just behind Croatia (4.3%) but ahead of Spain (3.6%), while the increase in The average of the 20 Eurozone countries was 1.8% and the average of the 27 Member States was 1.9%. Compared to the previous quarter, France and Belgium led the declines, both with a 0.2% drop in prices, while in 23 Member States prices increased.In year-on-year terms, between April and June, housing prices rose almost three times more in Portugal (7.8%) than the average for the community bloc (2.9%). The Euro Zone average stood at 1.3% compared to the same period last year. Six Member States showed year-on-year declines in house prices and 20 registered increases, with no data from Greece. The biggest year-on-year advances were recorded in Poland (17.7%), Bulgaria (15.1%) and Lithuania (10.4%) and the main declines in Luxembourg (8.3%), Finland (-4.8 %) and France (-4.6%).
In the second quarter of the year, Portugal recorded the second biggest chain increase (3.9%) in the EU, just behind Croatia (4.3%) but ahead of Spain (3.6%), while the increase in The average of the 20 Eurozone countries was 1.8% and the average of the 27 Member States was 1.9%. Compared to the previous quarter, France and Belgium led the declines, both with a 0.2% drop in prices, while in 23 Member States prices increased.In year-on-year terms, between April and June, housing prices rose almost three times more in Portugal (7.8%) than the average for the community bloc (2.9%). The Euro Zone average stood at 1.3% compared to the same period last year. Six Member States showed year-on-year declines in house prices and 20 registered increases, with no data from Greece. The biggest year-on-year advances were recorded in Poland (17.7%), Bulgaria (15.1%) and Lithuania (10.4%) and the main declines in Luxembourg (8.3%), Finland (-4.8 %) and France (-4.6%).
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Source: www.cmjornal.pt
