Portugal has the fourth highest rise in real estate prices in Europe

House prices in the European Union increased by 4.7% in the first quarter of this year compared to the same period last year, with Portugal having the fourth highest increase among countries analyzed by Eurostat: 12.2%.

The rise recorded in Portugal confirms the trend of the acceleration of housing prices on the domestic market: in the second quarter of 2017, the increase in the year was 8%, in the third quarter, it was 10.4%, in the fourth quarter reached 10.5% and 12.2% in the first three months of the year 2018.

Latvia (13.7%) and the Slovenia (Still in direct comparison with the previous quarter, Portugal has the fourth highest increase, with a price increase of 3.7%, only behind Latvia (7.5%), Hungary and Slovenia (both with increases of 4.4%) [19659002] Overall, the European Union reported a 0.7% increase in house prices in the first quarter of this year and compared to the fourth quarter of 2017.

In the Eurozone, Eurostat's price index grew by 4.5% yoy and an increase of 0.6% compared to the previous quarter.