House prices in the euro area were up by 3.4% in the third quarter of 2016 when compared to the same period in 2015, Eurostat reports.
When compared to the second quarter of 2016, prices in the area rose by 1.3%.
In Portugal, prices went up in all quarterly periods of 2016. When compared with the previous quarter, prices rose by 1.8% in quarter one, by 3.1% in quarter two, and by 1.3% in quarter three.
Compared to the same periods in 2015, house prices in Portugal rose significantly in each quarter.
Quarter one: 7%
Quarter two: 6.3%
Quarter three: 7.6%
These figures represent the national picture and not just any one region.
Other euro area countries also saw prices go up during 2016. Housing became more expensive in Germany (6.2%), Ireland (7.1%), the Netherlands (4%) and Spain (4%) while prices dropped in Italy (-1%) and Cyprus (-3.3%).
The cost of housing in the eurozone was at its highest more than ten years ago at the beginning of 2006, but slumped rapidly thereafter for three years. Prices rallied somewhat during 2010 and early 2011 before taking another dive.
Since the middle of 2012, prices have been steadily rising but still lag considerably behind the 2006 peak.
