Housing Prices in Portugal Have Risen By 20% Since 2010

22 June 2019Richard D. K. Turner

Housing prices have risen by 20% in Portugal since 2010, compared to an average of 15% for the European Union as a whole. According to a report by Eurostat, “Housing prices, including the purchases of new and existing homes and flats, have fluctuated significantly since 2006, with annual growth rates in the EU of around 8% in 2006 and 2007, followed by a 4% decline in 2009, due to the financial crisis. Prices began to increase again in 2014.”

Since 2010, housing prices have risen by 15% in the EU and by 11% within the eurozone. Estonia registered the highest increase, up by 83%, followed by Latvia (61%) and Austria (56%). In Italy, however, housing prices fell by 17% during the same period, compared to a fall of 12% in Spain and 8% in Cyprus.

Original Story: Economia Online – Rita Neto