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House prices decelerated to 7.1%
House Price Index
House prices decelerated to 7.1% - 3rd Quarter 2020
22 December 2020


In the 3rd quarter of 2020, the House Price Index (HPI) grew by 7.1% when compared with the same period of 2019, 0.7 percentage points (pp) below the previous quarter. In this period, the prices of existing dwellings increased at a faster rate when compared to new dwellings, 7.4% and 5.8%, respectively.
On a quarter-to-quarter basis, the HPI increased by 0.5% (0.8% in the 2nd quarter of 2020). By category, the existing dwellings prices increased by 0.6%, above that observed for new dwellings (0.1%).
A total of 45,136 dwellings were transacted between July and September 2020, representing a year-on-year reduction of 1.5% and a growth of 35.1% compared to the previous quarter. By months, the year-on-year rates of change were -2.6%, 0.0% and -1.8%, respectively, in July, August and September. In the reference quarter, transacted dwellings accounted for approximately 6.8 billion euros, up 4.4% on the same period in 2019. August was the month with the highest growth in the value of sales, 7.3%, followed by September (4.5%) and July (2.1%).

Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal’s data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.

Press release
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