Sharp housing price increases reported across Europe, with Portugal showing strongest gains. Eurostat data highlights sustained property price growth through this year’s second quarter.
Annual price rises in Portugal, Bulgaria, Lithuania, and Slovakia significantly surpassed inflation.
In Portugal, foreign investments and tourism boost demand, tightening supply around major cities. Mortgage conditions and income growth in Bulgaria fuel further real estate market demand.
Several nations, including Cyprus and Ireland, recorded above-average housing price increases. Experts cite persistent supply shortage; future uncertainty depends on central bank policies.