What?
The Portuguese housing market has grown, in the last 10 years, at 9% a year! That is a nominal return that rivals the S&P500. Figure I shows you that beauty.
Data: the House Price Index
The House Price Index (HPI), compiled by Eurostat is a reliable, harmonized indicator tracking housing price changes across European countries. The HPI reflects price changes of residential properties purchased by households, including all types of dwellings (flats, houses, etc.), both newly built and existing units. It is a nominal index, i.e. not adjusted for inflation. Data are reported at a quarterly frequency.