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According to a European housing market report, Portugal secured seventh place among European countries with the highest property price growth in 2024. The average growth rate across Europe reached 2.9% in the second quarter of 2024, with 21 out of 30 analyzed countries achieving new price peaks.
In addition to significant price increases, Portugal also ranks eighth in rental price growth. Experts attribute these figures to a rebound in housing demand and market constraints such as limited supply and stricter regulations. In Portugal, the monthly cost of a mortgage is equivalent to the average cost of rent, making buying and renting housing nearly identical in financial terms.
Experts predict that the trend of rising property prices will persist through 2025, driven by increases in household incomes and lower interest rates. Next year is also expected to see continued growth in rental prices, albeit at a slower pace. However, supply shortages could act as a limiting factor for the housing market's dynamics in the coming months. Specialists emphasize that investments will be shaped by the availability of opportunities in a market already experiencing significant constraints.
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