Portugal Existing Home Sales

Portugal's existing home sales increased by 4.8% in the second quarter of 2025, reaching 34,579 dwellings compared to 32,999 in the first quarter. This growth aligns with a 17.2% year-on-year rise in housing prices in Q2 2025, the highest in five years, primarily driven by existing homes. Transaction volume also increased by 15.5% year-on-year in Q2 2025. While Euribor rates generally declined in early 2025, they have since stabilized, affecting new mortgage loan costs. Foreign buyer interest decreased with their share of transactions falling to 4.9% in Q2 2025, the lowest since 2021. Domestic demand strengthened. Portugal's record low existing home sales was 18,130 dwellings in Q3 2015 and record high was 38,173 dwellings in Q4 2021.