Makrognosis

Portugal House Price Index

QuarterlyNot seasonally adjustedCode PT.HPI.Q.NSA

Latest (y/y)16.5%Q2 2026
Previous (y/y)17.8%Q1 2026
Level301.4Q2 2026

Portugal House Price Index was up 16.5% year on year in Q2 2026, compared with 17.8% in Q1 2026.

The level stood at 301.4 (Index 2015=100).

That is the lowest reading since Q1 2025.

Among the 27 economies Makrognosis covers on this measure, it is the 2nd highest.

Over the past ten years it has ranged from 6.3% (Q2 2016) to 18.9% (Q4 2025), averaging 10.6%.

Portugal House Price Index, annual % change, Q1 2015 – Q2 20260%5%10%15%20%201620182020202220242026Robomacro
Portugal House Price Index, annual % change, Q1 2015 – Q2 2026. Source: Eurostat (Statistical Office of the European Union).
Portugal House Price Index, level (Index 2015=100)501001502002503002014201620182020202220242026Robomacro
Portugal House Price Index, level (Index 2015=100).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 2026301.416.5
Q1 2026291.017.8
Q4 2025280.218.9
Q3 2025269.417.7
Q2 2025258.817.2
Q1 2025247.116.3
Q4 2024235.711.6
Q3 2024228.99.8
Q2 2024220.77.8
Q1 2024212.47.0
Q4 2023211.37.8
Q3 2023208.57.6
Q2 2023204.78.7
Q1 2023198.68.7
Q4 2022195.911.3
Q3 2022193.813.1
Q2 2022188.313.2
Q1 2022182.612.9
Q4 2021176.011.6
Q3 2021171.311.5
Q2 2021166.47.8
Q1 2021161.76.6
Q4 2020157.78.0
Q3 2020153.66.9

Last 24 observations. The full history (50 observations) is available through the API.

Get Portugal House Price Index in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/PT.HPI.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/PT.HPI.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2014
Observations50
FrequencyQuarterly
UnitsIndex 2015=100
AdjustmentNot seasonally adjusted
10-year high18.9% (Q4 2025)
10-year low6.3% (Q2 2016)
10-year average10.6%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codePT.HPI.Q.NSA

House Price Index: how Portugal compares

#EconomyPeriodLatest
1TurkeyQ3 202622.3%
2PortugalQ2 202616.5%
3BulgariaQ2 202615.5%
4SpainQ2 202612.1%
5RomaniaQ2 202612.1%
6HungaryQ2 202610.2%
7DenmarkQ2 20269.4%
8Czech RepublicQ2 20268.6%
9AustraliaQ2 20266.8%
10PolandQ2 20266.3%
11IrelandQ2 20266.0%
12EstoniaQ2 20265.8%

House Price Index by country: all 27 economies ranked →

Other Portugal indicators

Portugal GDP (Gross Domestic Product)Portugal Gross domestic product, Current prices, million EURPortugal Inflation Rate (CPI)Portugal Core Inflation RatePortugal Unemployment RatePortugal 10-Year Government Bond YieldPortugal Credit Rating & Sovereign Risk ScorePortugal Industrial ProductionPortugal Retail SalesPortugal Current account balance (BPM6, vs rest of world), not seasonally adjustedPortugal Current account balance, % of GDPPortugal Trade Balance: Goods & ServicesPortugal Exports of goods and services, Current prices, million EURPortugal Exports of goods and services, chain-linked volumePortugal Exports of goods, total trade (World), seasonally adjustedPortugal Imports of goods and services, Current prices, million EUR

FAQ

What is the current house Price Index in Portugal?
The latest reading is 16.5% year on year for Q2 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code PT.HPI.Q.NSA.

Last updated 2026-10-10. Source: Eurostat (Statistical Office of the European Union). Original title: “Portugal - House Price Index (total, 2015=100)”.