European Home Prices Split in Q1 as Portugal Jumps 19.7% and Finland Sits 16.8% Below Peak
Updated
Updated · WOLF STREET · Jul 6
European Home Prices Split in Q1 as Portugal Jumps 19.7% and Finland Sits 16.8% Below Peak
1 articles · Updated · WOLF STREET · Jul 6
Summary
Portugal led Europe’s 19 tracked housing markets in Q1 2026 with a 19.7% year-over-year rise in existing-home prices, while Bulgaria gained 16.3%, Slovakia 15.2%, and Spain and Hungary 13.5%.
That divergence widened across the region: Finland remained the weakest market, with prices down 16.8% from their Q2 2022 peak and back near 2010 levels, while Germany and Italy were each still 10.2% below prior highs and France 6.5% lower.
Quarterly momentum also favored southern and eastern markets, with Bulgaria up 7.3% from Q4, Portugal 4.2%, Slovakia 3.6%, Spain 3.5% and Norway 3.3%.
Longer term, the biggest run-ups since 2010 were in Hungary at 308%, Portugal at 186% and Czechia at 171%, underscoring how uneven Europe’s post-2010 housing boom has been.