In its June Economic Bulletin published this month, the Bank of Portugal noted that housing prices in Sintra, Seixal, Barreiro, Moita and Setúbal rose by more than 200% between 2017 and 2025.

Portuguese households also expect prices to continue rising. According to the survey, housing prices could increase by a further 7% over the next 12 months. That is nearly twice the average forecast for the European Union, which stands at 3.7%.

The central bank also highlighted the widespread perception among the population that current market conditions remain favourable for investing in real estate.