This EU Country Has The Most Overvalued Properties...And It's Not Bulgaria

A recent report by the European Commission highlights Portugal as the EU country with the most overvalued property market, far surpassing other nations, including Bulgaria. The study, “Housing in the European Union: Market developments, main drivers and policies,” shows that house prices across the EU rose by an average of 50% between 2014 and 2024, but in countries such as Hungary, Lithuania, the Czech Republic, Portugal, Estonia, Bulgaria, and Poland, prices more than quadrupled, exceeding 200% growth.

Portugal stands out as the country where house prices are most disconnected from their real value, with estimates indicating an overvaluation of around 35% by 2024....