Housing Prices in Portugal See the 5th Biggest Rise of the EU

10 November 2020Housing prices rose by 5.2% in the European Union (EU) and 5% in the euro area in the second quarter of 2020. According to Eurostat, even during the pandemic, Portugal posted the 5th highest increase in the European Union, as housing prices rose by 7.8%.

Housing prices rose between April and June in every Member State, led by Luxembourg (13.3%), Poland (10.9%), Slovakia (9.7%) and Croatia (8.3%). The increases occurred during an atypical period featuring the novel coronavirus pandemic, demonstrating the European housing market’s resilience.

Original Story: Eco Sapo – Rodolfo Alexandre Reis

Translation/Summary: Richard Turner