Lisbon, May 25, 2026 (Lusa) - Commercial property prices in Portugal rose by 10.1% in 2025, 5.4 percentage points higher than the increase in 2024 and the largest rise on record, Statistics Portugal (INE) announced on Monday.
"This was the highest increase in commercial property prices since the series began, although it remained at a lower level than that observed for residential properties (17.6%)," the institute noted in the report published on Monday with 2025 data from the Commercial Property Price Index (CPPI).
According to the institute, the residential market, whose performance is described by the trend in the Housing Price Index (HPI), "saw a greater increase in prices than commercial properties, continuing a trend seen in recent years".
Thus, in 2025, the HPI rose by 17.6%, a rate of change 7.5 percentage points higher than that of the CPPI, with both indices recording an acceleration in the pace of growth.
However, as the increase was more pronounced in the case of residential property, the difference between the growth rates of the two indices widened by 3.1 percentage points (in 2024, the difference in rates of change was 4.4 percentage points).
The CPPI is primarily designed to measure the evolution of prices for commercial properties traded within Portugal.
As with the HPI, which the institute has been publishing since July 2014, the CPPI uses tax data from the municipal property transfer tax (IMT) and the municipal property tax (IMI).
The institute also indicated that, regarding housing acquisitions by institutional sectors other than households (the HPI is limited to acquisitions made by households), these accounted for 21,180 of the total 169,812 dwellings traded in 2025.
This figure translates into a relative share of 12.5%, the lowest in the available series, which began in 2019.
This reduction in the percentage of housing purchases by other institutional sectors resulted from a 2.8% fall in the number of purchases compared with 2024, while households continued to show an increase in the number of purchases, up 10.5% to a total of 148,632 transactions.
In terms of value, home sales to buyers other than households totalled €5.4 billion, up 6.4% from 2025, a growth rate lower than that observed in the value of housing sales to households, which stood at 24.4%, reaching €35.7 billion.
PD/MYAL // AYLS
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