The rolling four-quarter average percentage change in Portugal's national house price index (2025=100) — a smoothed annual pace that damps single-quarter noise — for all, new and existing dwellings, quarterly from 2010Q1. It is a rate of change expressed in percent, not an index level and not a price.
Last updated · First published
Latest observation
17.9% (rolling 4q avg change)
1st Quarter 2026
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Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling: Instituto Nacional de Estatística (INE), Portugal · retrieved 2026-08-12T23:43:30.062934+00:00 · CC BY 4.0
| Period | Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling (% (rolling 4q avg change)) |
|---|---|
| 2023Q2 | 10.4 |
| 2023Q3 | 9 |
| 2023Q4 | 8.2 |
| 2024Q1 | 7.8 |
| 2024Q2 | 7.6 |
| 2024Q3 | 8.1 |
| 2024Q4 | 9.1 |
| 2025Q1 | 11.4 |
| 2025Q2 | 13.8 |
| 2025Q3 | 15.7 |
| 2025Q4 | 17.6 |
| 2026Q1 | 17.9 |
| Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling | Latest 2026Q1: 17.9 · Min -7.9 · Max 17.9 · Range 25.8 · CAGR +22.6%/yr |
| Period | Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling (% (rolling 4q avg change)) |
|---|---|
| 2010Q4 | 0.8 |
| 2011Q1 | -0.3 |
| 2011Q2 | -1.8 |
| 2011Q3 | -3.3 |
| 2011Q4 | -4.9 |
| 2012Q1 | -6.4 |
| 2012Q2 | -7.3 |
| 2012Q3 | -7.9 |
| 2012Q4 | -7.1 |
| 2013Q1 | -6.2 |
| 2013Q2 | -4.7 |
| 2013Q3 | -3 |
| 2013Q4 | -1.9 |
| 2014Q1 | 0.3 |
| 2014Q2 | 2.4 |
| 2014Q3 | 3.9 |
| 2014Q4 | 4.3 |
| 2015Q1 | 3.4 |
| 2015Q2 | 2.7 |
| 2015Q3 | 2.4 |
| 2015Q4 | 3.1 |
| 2016Q1 | 4.6 |
| 2016Q2 | 5.4 |
| 2016Q3 | 6.5 |
| 2016Q4 | 7.1 |
| 2017Q1 | 7.4 |
| 2017Q2 | 7.8 |
| 2017Q3 | 8.5 |
| 2017Q4 | 9.2 |
| 2018Q1 | 10.3 |
| 2018Q2 | 11.1 |
| 2018Q3 | 10.6 |
| 2018Q4 | 10.3 |
| 2019Q1 | 9.5 |
| 2019Q2 | 9.1 |
| 2019Q3 | 9.7 |
| 2019Q4 | 10 |
| 2020Q1 | 10.3 |
| 2020Q2 | 10.3 |
| 2020Q3 | 9.4 |
| 2020Q4 | 8.8 |
| 2021Q1 | 7.8 |
| 2021Q2 | 7.3 |
| 2021Q3 | 8.5 |
| 2021Q4 | 9.4 |
| 2022Q1 | 11 |
| 2022Q2 | 12.3 |
| 2022Q3 | 12.7 |
| 2022Q4 | 12.6 |
| 2023Q1 | 11.5 |
| 2023Q2 | 10.4 |
| 2023Q3 | 9 |
| 2023Q4 | 8.2 |
| 2024Q1 | 7.8 |
| 2024Q2 | 7.6 |
| 2024Q3 | 8.1 |
| 2024Q4 | 9.1 |
| 2025Q1 | 11.4 |
| 2025Q2 | 13.8 |
| 2025Q3 | 15.7 |
| 2025Q4 | 17.6 |
| 2026Q1 | 17.9 |
| Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling | Latest 2026Q1: 17.9 · Min -7.9 · Max 17.9 · Range 25.8 · CAGR +22.6%/yr |
Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0 · method: mart:national_macro · retrieved 12 Aug 2026
Applies to 62 observations in this series.
Open data, attribution required. Cite the release, not this page.
Instituto Nacional de Estatística (INE), Portugal. Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling. Coverage 2010-10-01–2026-01-01. Retrieved 2026-08-12 from https://www.ine.pt/ine/json_indicador/pindica.jsp?op=2&varcd=0014768&Dim1=S5A20104&lang=EN. Licence: CC BY 4.0.
Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling was 17.9 % (rolling 4q avg change) in 1st Quarter 2026, according to Instituto Nacional de Estatística (INE), Portugal (retrieved 2026-08-12). See https://estatesportugal.com/data/series/house-price-index-2025base-avg4q.
Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling is an open dataset covering 2010-10-01–2026-01-01, published by Instituto Nacional de Estatística (INE), Portugal (retrieved 2026-08-12). See https://estatesportugal.com/data/series/house-price-index-2025base-avg4q.
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<div class="estates-portugal-embed">
<p><strong>Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling</strong></p>
<p>17.9 % (rolling 4q avg change) <span>(1st Quarter 2026)</span></p>
<p>Source: Instituto Nacional de Estatística (INE), Portugal. Housing price index (Rolling 4-quarter average rate of change, Base 2025, %) by category of dwelling. Coverage 2010-10-01–2026-01-01. Retrieved 2026-08-12 from https://www.ine.pt/ine/json_indicador/pindica.jsp?op=2&varcd=0014768&Dim1=S5A20104&lang=EN. Licence: CC BY 4.0.</p>
<p>via <a href="https://estatesportugal.com/data/series/house-price-index-2025base-avg4q" rel="nofollow sponsored noopener noreferrer">Estates Portugal</a></p>
</div>