The price of free housing registered in 2025 an average increase of 12.7% and accumulates twelve consecutive years rising. The rise triples the increase registered two years ago.
It is the largest increase in the entire historical series, started in 2007, according to the House Price Index (HPI) of the National Institute of Statistics (INE). That year, in the midst of the real estate 'bubble' and before the outbreak of the crisis, the price rose 9.8%.
The new housing increased its price by an average of 11.3% in 2025, which also represents its biggest advance since 2007, a year in which it rose by 11.9%, and a rate four tenths higher than that of 2024. With this annual increase, the price of new housing also strings together 12 years of increases.
As for second-hand housing, its price rose by 12.9% in 2025, also marking its biggest increase since 2007, when it grew by 8.2%. This rebound, which exceeds that of 2024 by almost five points, allows used housing to accumulate 12 consecutive years of advances.
During the fourth quarter of 2025, the price of free housing rose by 12.9% compared to the same period of the previous year, one tenth more than in the preceding quarter and its highest rate since the first quarter of 2007, when the increase exceeded 13%.
After the rise of the last quarter of last year, the price of free housing already accumulates 46 consecutive quarters of increases in year-on-year rate.