Housing prices went up once again in Portugal during the third quarter of 2018, growing by almost twice as much on the year earlier, as in the euro area and European Union as a whole, according to the latest figures released by the EU’s statistical bureau, Eurostat.

In Portugal, prices for residential property were up 8.5% in the quarter over the same period of 2017, while in both the euro area and the EU the year-on-year increase was 4.3%.

As against the second quarter, housing prices in the euro area in the third quarter were up 1.6% and in the EU by 1.5%. In Portugal they were up 1.0%.

According to Eurostat, the biggest year-on-year increases in the third quarter were in Slovenia (15.1%), the Netherlands (10.2%) and Ireland (9.1%). Just Sweden (-2.1%) and Italy (-0.8%) saw prices drop.

Original Story: The Portugal News | TPN/LUSA
Photo: FreeImages.com/ Miguel Saavedra
Edition:Prime Yield