Portugal sees house values grow by 13.7%

Portugal’s real estate market continues to show strong momentum, with house prices rising 13.7% in 2024, placing it fourth globally and third in Europe in the latest Knight Frank Global House Price Index.

By TPN, in News, Business, Portugal, Property · 07 Apr 2025

The London-based Knight Frank report, which analyses 55 housing markets worldwide, reveals that while house prices are still increasing, the global pace of growth has slowed compared to 2023. The average global house price growth for the last 12 months stood at 2.6%, down from 3.9% in 2023, reflecting a cooling trend.

However, Portugal has outperformed the global average by a significant margin, reflecting sustained demand and strong investment appetite despite higher interest rates.

Why are Portugal’s house prices on the rise?

According to Carlos Penalva, founding partner of Quintela + Penalva l Knight Frank, “in the case of Portugal, the drops in interest rates, the great international geopolitical instability, the transfer of financial assets to real assets explain the increase in price and the demand for investment in real estate”.


Carlos Penalva also shares that this report allows us to conclude that “we are facing a scenario of strong price growth in most global real estate markets and, in Portugal, in particular. Low product supply, combined with the expected shift to lower interest rates and high demand, should bolster buyer confidence and drive prices higher.”

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Portugal’s real estate market remains a key player on the global stage, reinforcing its reputation as an attractive destination for both local and international buyers.


You can read the full article in: https://www.theportugalnews.com/news/2025-04-07/portugal-sees-house-values-grow-by-137/96719