Portugal's property market loses momentum as sales growth slows to 10.5%

Portugal's residential property market delivered mixed signals in 2025. Transaction volumes rose by 10.5%, a respectable performance that placed the country in the EU's top ten for growth rates. Yet the picture darkens when compared with 2024, when growth reached 15.2%, suggesting the market is cooling.

Luxembourg, Hungary and the Netherlands are posting more impressive figures, with growth exceeding 20%. Ireland, Slovenia and Lithuania are also outpacing Portugal. Meanwhile, France, Finland, Austria and Estonia have seen sales decline outright.

The paradox is striking: even as transaction volumes decelerate, Portuguese property prices continue to climb. According to Eurostat data, in the first quarter of 2026, real estate here appreciated faster than anywhere else in the EU. Buyers are becoming more cautious, yet demand still outstrips supply—a classic dynamic in an attractive market.

Source: Portugal News