House sales fell in Portugal at the end of 2025, but prices rose by 18.9%, according to Eurostat data.
Source: Adobe Stock
Author: Redaction
House sales in Portugal decline at the end of 2025
House sales in Portugal recorded a 3.6% decrease in the last quarter of 2025 compared with the same period in 2024. This development places the country among the four EU Member States where house sales declined at the end of the year. Despite this slowdown, the Portuguese real estate market maintained a high level of activity throughout 2025. According to Eurostat, this drop in house sales contrasts with the general growth trend seen in most European countries.
House sales trends in the European Union
Across the European Union, house sales increased in most countries in 2025. The strongest growth was recorded in Slovenia, Lithuania and Belgium, reflecting a widespread dynamism in the European real estate sector.
In Portugal, despite the quarterly decline, house sales ended the year with annual growth of 10.5%, showing that the real estate market maintained an overall positive trend. According to the National Institute of Statistics, around 170,000 homes were transacted in 2025, the highest figure in the historical series.
In this context, house sales were accompanied by a strong rise in prices, with an annual increase of 17.6%, driven by high demand and limited housing supply.
House sales and price dynamics in Europe
The evolution of house sales in the European Union also shows differences between countries. While some recorded significant increases, others posted slight declines, such as Bulgaria and Ireland.
In general terms, house sales tend to be more concentrated in the last quarter of the year in most countries, including Portugal, while the beginning of the year usually records fewer transactions. This seasonality helps explain quarterly variations in the European housing market.
Another relevant factor is the difference between new and used properties. In several EU countries, including Portugal, used homes continue to account for the majority of transactions, meaning that variations in this segment have a greater impact on overall housing market performance.
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