{
  "id": "macro_economics/housing/pt_housing_market_activity_monthly",
  "generated_at": "2026-06-15T19:25:31.200431+00:00",
  "last_refresh": "2026-06-15",
  "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
  "source_description": "Monthly Portugal housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
  "table_id": "macro_economics/housing/pt_housing_market_activity_monthly",
  "meta": {
    "indicator_name": "Portugal housing market activity",
    "indicator_description": "Monthly Portugal housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "title": "Portugal housing market activity",
    "description": "Monthly Portugal housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "source": "ECB MIR monthly new housing loans adjusted with Eurostat total dwelling house price index, and Eurostat residential building permit data; mortgage series smoothed with a 3-month moving average before rebasing and weighting.",
    "source_description": "Monthly Portugal housing market activity indicator based on a weighted combination of new mortgage lending and residential building permits, indexed to 2019 = 100.",
    "visibility": "public",
    "updated_at": "2026-06-15T18:56:42.150783Z",
    "last_refresh": "2026-06-15",
    "table_id": "macro_economics/housing/pt_housing_market_activity_monthly",
    "topic": "Macroeconomics",
    "subtopic": "Housing",
    "geo": [
      "PT"
    ],
    "geo_included": [
      "PT"
    ],
    "page_slug": "portugal-housing-market-activity",
    "page_url": "/indicators/macroeconomics/housing/portugal-housing-market-activity/",
    "chart_type": "line",
    "series_type": "single",
    "frequency": "monthly",
    "units": "Index (2019 = 100)",
    "legend": false,
    "featured_topic": true,
    "featured_subtopic": true,
    "featured_rank_topic": 5,
    "featured_rank_subtopic": 2,
    "chart_title": "Portugal Housing Market Activity",
    "y_axis_label": "Index [2019=100]",
    "related_indicators": [
      {
        "title": "Portugal Furniture Retail Market Size",
        "url": "/indicators/retail/market-size/portugal-furniture-retail-turnover/",
        "label": "Retail"
      },
      {
        "title": "Portugal Furniture Consumer Market Size",
        "url": "/indicators/retail/market-size/portugal-furniture-consumer-market-size/",
        "label": "Market size"
      },
      {
        "title": "Spain Housing Market Activity",
        "url": "/indicators/macroeconomics/housing/spain-housing-market-activity/",
        "label": "Housing"
      }
    ],
    "taxonomy_path": [
      "macroeconomics",
      "housing",
      "market-activity"
    ],
    "taxonomy_labels": [
      "Macroeconomics",
      "Housing",
      "Market activity"
    ],
    "taxonomy_nodes": [
      {
        "id": "macroeconomics",
        "label": "Macroeconomics",
        "has_page": true,
        "sort_order": 30
      },
      {
        "id": "housing",
        "label": "Housing",
        "has_page": true,
        "sort_order": 20
      },
      {
        "id": "market-activity",
        "label": "Market activity",
        "has_page": false,
        "sort_order": 10
      }
    ],
    "taxonomy_page_path": [
      "macroeconomics",
      "housing"
    ],
    "taxonomy_page_labels": [
      "Macroeconomics",
      "Housing"
    ],
    "taxonomy_collection": "market-activity",
    "taxonomy_collection_label": "Market activity",
    "entity": {
      "type": "country",
      "geo": [
        "PT"
      ]
    },
    "methodology_url": "/about/methodology/housing-market-activity/",
    "methodology_label": "Housing Market Activity Methodology",
    "data_hash": "277ac7d2105d291c5d889adc754c71a200e5a0366bec66e861db5afa29f9c38c",
    "trend_summary": "The Portugal housing market activity indicator has shown a significant upward trajectory since its trough in February 2015, when it reached a low of 37.0. As of April 2026, the index stands at 155.5, with a peak of 157.4 recorded in November 2025. Recent momentum indicates a year-over-year increase of 1.4% over the last three months, contrasting with a decline of 0.8% over the past six months. The year-over-year change over the last twelve months shows a stronger growth of 3.0%.",
    "trend_summary_generated_at": "2026-06-15T19:25:53.685307+00:00",
    "key_findings": [
      "Portugal housing activity is significantly above its 2019 baseline, indicating strong demand signals for housing-linked sectors.",
      "The index's recent upward momentum suggests easing housing-market pressure, which may support retail growth in related markets.",
      "As of April 2026, housing activity aligns with the furniture retail market's cautious growth, reflecting stable consumer demand signals."
    ],
    "key_findings_source": "ai_rewrite",
    "key_findings_generated_at": "2026-06-15T19:25:56.699438+00:00",
    "chart_alt_text": "Line chart for Portugal Housing Market Activity in index points. The series runs from 2015-01-01 to 2026-04-01; the latest value is 155.5 index points. The peak is 157.4 index points in 2025-11-01."
  },
  "data": [
    {
      "date": "2015-01-01",
      "geo": "PT",
      "value": 37.58
    },
    {
      "date": "2015-02-01",
      "geo": "PT",
      "value": 36.95
    },
    {
      "date": "2015-03-01",
      "geo": "PT",
      "value": 38.17
    },
    {
      "date": "2015-04-01",
      "geo": "PT",
      "value": 41.68
    },
    {
      "date": "2015-05-01",
      "geo": "PT",
      "value": 42.01
    },
    {
      "date": "2015-06-01",
      "geo": "PT",
      "value": 46.41
    },
    {
      "date": "2015-07-01",
      "geo": "PT",
      "value": 50.65
    },
    {
      "date": "2015-08-01",
      "geo": "PT",
      "value": 50.71
    },
    {
      "date": "2015-09-01",
      "geo": "PT",
      "value": 50.61
    },
    {
      "date": "2015-10-01",
      "geo": "PT",
      "value": 52.3
    },
    {
      "date": "2015-11-01",
      "geo": "PT",
      "value": 54.58
    },
    {
      "date": "2015-12-01",
      "geo": "PT",
      "value": 56.53
    },
    {
      "date": "2016-01-01",
      "geo": "PT",
      "value": 55.9
    },
    {
      "date": "2016-02-01",
      "geo": "PT",
      "value": 55.37
    },
    {
      "date": "2016-03-01",
      "geo": "PT",
      "value": 57.58
    },
    {
      "date": "2016-04-01",
      "geo": "PT",
      "value": 59.21
    },
    {
      "date": "2016-05-01",
      "geo": "PT",
      "value": 63.59
    },
    {
      "date": "2016-06-01",
      "geo": "PT",
      "value": 66.74
    },
    {
      "date": "2016-07-01",
      "geo": "PT",
      "value": 66.67
    },
    {
      "date": "2016-08-01",
      "geo": "PT",
      "value": 68.85
    },
    {
      "date": "2016-09-01",
      "geo": "PT",
      "value": 66.62
    },
    {
      "date": "2016-10-01",
      "geo": "PT",
      "value": 65.69
    },
    {
      "date": "2016-11-01",
      "geo": "PT",
      "value": 66.89
    },
    {
      "date": "2016-12-01",
      "geo": "PT",
      "value": 71.39
    },
    {
      "date": "2017-01-01",
      "geo": "PT",
      "value": 76.11
    },
    {
      "date": "2017-02-01",
      "geo": "PT",
      "value": 72.57
    },
    {
      "date": "2017-03-01",
      "geo": "PT",
      "value": 76.01
    },
    {
      "date": "2017-04-01",
      "geo": "PT",
      "value": 74.65
    },
    {
      "date": "2017-05-01",
      "geo": "PT",
      "value": 83.58
    },
    {
      "date": "2017-06-01",
      "geo": "PT",
      "value": 81.59
    },
    {
      "date": "2017-07-01",
      "geo": "PT",
      "value": 86.28
    },
    {
      "date": "2017-08-01",
      "geo": "PT",
      "value": 82.96
    },
    {
      "date": "2017-09-01",
      "geo": "PT",
      "value": 87.39
    },
    {
      "date": "2017-10-01",
      "geo": "PT",
      "value": 83.44
    },
    {
      "date": "2017-11-01",
      "geo": "PT",
      "value": 87.22
    },
    {
      "date": "2017-12-01",
      "geo": "PT",
      "value": 90.52
    },
    {
      "date": "2018-01-01",
      "geo": "PT",
      "value": 86.88
    },
    {
      "date": "2018-02-01",
      "geo": "PT",
      "value": 88.27
    },
    {
      "date": "2018-03-01",
      "geo": "PT",
      "value": 90.64
    },
    {
      "date": "2018-04-01",
      "geo": "PT",
      "value": 95.28
    },
    {
      "date": "2018-05-01",
      "geo": "PT",
      "value": 92.96
    },
    {
      "date": "2018-06-01",
      "geo": "PT",
      "value": 104.57
    },
    {
      "date": "2018-07-01",
      "geo": "PT",
      "value": 102.03
    },
    {
      "date": "2018-08-01",
      "geo": "PT",
      "value": 105.93
    },
    {
      "date": "2018-09-01",
      "geo": "PT",
      "value": 97.81
    },
    {
      "date": "2018-10-01",
      "geo": "PT",
      "value": 98.47
    },
    {
      "date": "2018-11-01",
      "geo": "PT",
      "value": 96.75
    },
    {
      "date": "2018-12-01",
      "geo": "PT",
      "value": 105.4
    },
    {
      "date": "2019-01-01",
      "geo": "PT",
      "value": 101.98
    },
    {
      "date": "2019-02-01",
      "geo": "PT",
      "value": 102.9
    },
    {
      "date": "2019-03-01",
      "geo": "PT",
      "value": 96.18
    },
    {
      "date": "2019-04-01",
      "geo": "PT",
      "value": 89.95
    },
    {
      "date": "2019-05-01",
      "geo": "PT",
      "value": 99.8
    },
    {
      "date": "2019-06-01",
      "geo": "PT",
      "value": 95.33
    },
    {
      "date": "2019-07-01",
      "geo": "PT",
      "value": 102.26
    },
    {
      "date": "2019-08-01",
      "geo": "PT",
      "value": 97.36
    },
    {
      "date": "2019-09-01",
      "geo": "PT",
      "value": 103.4
    },
    {
      "date": "2019-10-01",
      "geo": "PT",
      "value": 104.51
    },
    {
      "date": "2019-11-01",
      "geo": "PT",
      "value": 102.69
    },
    {
      "date": "2019-12-01",
      "geo": "PT",
      "value": 103.62
    },
    {
      "date": "2020-01-01",
      "geo": "PT",
      "value": 112.2
    },
    {
      "date": "2020-02-01",
      "geo": "PT",
      "value": 112.4
    },
    {
      "date": "2020-03-01",
      "geo": "PT",
      "value": 89.07
    },
    {
      "date": "2020-04-01",
      "geo": "PT",
      "value": 87.43
    },
    {
      "date": "2020-05-01",
      "geo": "PT",
      "value": 91.78
    },
    {
      "date": "2020-06-01",
      "geo": "PT",
      "value": 89.15
    },
    {
      "date": "2020-07-01",
      "geo": "PT",
      "value": 97.94
    },
    {
      "date": "2020-08-01",
      "geo": "PT",
      "value": 100.39
    },
    {
      "date": "2020-09-01",
      "geo": "PT",
      "value": 105.21
    },
    {
      "date": "2020-10-01",
      "geo": "PT",
      "value": 110.25
    },
    {
      "date": "2020-11-01",
      "geo": "PT",
      "value": 121.07
    },
    {
      "date": "2020-12-01",
      "geo": "PT",
      "value": 118.0
    },
    {
      "date": "2021-01-01",
      "geo": "PT",
      "value": 120.57
    },
    {
      "date": "2021-02-01",
      "geo": "PT",
      "value": 112.67
    },
    {
      "date": "2021-03-01",
      "geo": "PT",
      "value": 122.24
    },
    {
      "date": "2021-04-01",
      "geo": "PT",
      "value": 125.96
    },
    {
      "date": "2021-05-01",
      "geo": "PT",
      "value": 120.49
    },
    {
      "date": "2021-06-01",
      "geo": "PT",
      "value": 119.75
    },
    {
      "date": "2021-07-01",
      "geo": "PT",
      "value": 121.94
    },
    {
      "date": "2021-08-01",
      "geo": "PT",
      "value": 120.8
    },
    {
      "date": "2021-09-01",
      "geo": "PT",
      "value": 120.12
    },
    {
      "date": "2021-10-01",
      "geo": "PT",
      "value": 111.74
    },
    {
      "date": "2021-11-01",
      "geo": "PT",
      "value": 120.04
    },
    {
      "date": "2021-12-01",
      "geo": "PT",
      "value": 126.09
    },
    {
      "date": "2022-01-01",
      "geo": "PT",
      "value": 124.29
    },
    {
      "date": "2022-02-01",
      "geo": "PT",
      "value": 121.75
    },
    {
      "date": "2022-03-01",
      "geo": "PT",
      "value": 124.07
    },
    {
      "date": "2022-04-01",
      "geo": "PT",
      "value": 127.5
    },
    {
      "date": "2022-05-01",
      "geo": "PT",
      "value": 131.54
    },
    {
      "date": "2022-06-01",
      "geo": "PT",
      "value": 121.35
    },
    {
      "date": "2022-07-01",
      "geo": "PT",
      "value": 126.72
    },
    {
      "date": "2022-08-01",
      "geo": "PT",
      "value": 113.11
    },
    {
      "date": "2022-09-01",
      "geo": "PT",
      "value": 116.93
    },
    {
      "date": "2022-10-01",
      "geo": "PT",
      "value": 120.95
    },
    {
      "date": "2022-11-01",
      "geo": "PT",
      "value": 117.8
    },
    {
      "date": "2022-12-01",
      "geo": "PT",
      "value": 116.48
    },
    {
      "date": "2023-01-01",
      "geo": "PT",
      "value": 124.56
    },
    {
      "date": "2023-02-01",
      "geo": "PT",
      "value": 127.1
    },
    {
      "date": "2023-03-01",
      "geo": "PT",
      "value": 135.14
    },
    {
      "date": "2023-04-01",
      "geo": "PT",
      "value": 130.46
    },
    {
      "date": "2023-05-01",
      "geo": "PT",
      "value": 137.1
    },
    {
      "date": "2023-06-01",
      "geo": "PT",
      "value": 139.54
    },
    {
      "date": "2023-07-01",
      "geo": "PT",
      "value": 143.84
    },
    {
      "date": "2023-08-01",
      "geo": "PT",
      "value": 148.21
    },
    {
      "date": "2023-09-01",
      "geo": "PT",
      "value": 152.91
    },
    {
      "date": "2023-10-01",
      "geo": "PT",
      "value": 153.27
    },
    {
      "date": "2023-11-01",
      "geo": "PT",
      "value": 154.12
    },
    {
      "date": "2023-12-01",
      "geo": "PT",
      "value": 152.05
    },
    {
      "date": "2024-01-01",
      "geo": "PT",
      "value": 142.79
    },
    {
      "date": "2024-02-01",
      "geo": "PT",
      "value": 139.69
    },
    {
      "date": "2024-03-01",
      "geo": "PT",
      "value": 134.49
    },
    {
      "date": "2024-04-01",
      "geo": "PT",
      "value": 135.15
    },
    {
      "date": "2024-05-01",
      "geo": "PT",
      "value": 138.84
    },
    {
      "date": "2024-06-01",
      "geo": "PT",
      "value": 139.45
    },
    {
      "date": "2024-07-01",
      "geo": "PT",
      "value": 133.61
    },
    {
      "date": "2024-08-01",
      "geo": "PT",
      "value": 131.15
    },
    {
      "date": "2024-09-01",
      "geo": "PT",
      "value": 136.17
    },
    {
      "date": "2024-10-01",
      "geo": "PT",
      "value": 138.1
    },
    {
      "date": "2024-11-01",
      "geo": "PT",
      "value": 148.21
    },
    {
      "date": "2024-12-01",
      "geo": "PT",
      "value": 151.28
    },
    {
      "date": "2025-01-01",
      "geo": "PT",
      "value": 152.43
    },
    {
      "date": "2025-02-01",
      "geo": "PT",
      "value": 145.15
    },
    {
      "date": "2025-03-01",
      "geo": "PT",
      "value": 141.81
    },
    {
      "date": "2025-04-01",
      "geo": "PT",
      "value": 143.3
    },
    {
      "date": "2025-05-01",
      "geo": "PT",
      "value": 145.6
    },
    {
      "date": "2025-06-01",
      "geo": "PT",
      "value": 145.17
    },
    {
      "date": "2025-07-01",
      "geo": "PT",
      "value": 143.11
    },
    {
      "date": "2025-08-01",
      "geo": "PT",
      "value": 148.43
    },
    {
      "date": "2025-09-01",
      "geo": "PT",
      "value": 142.64
    },
    {
      "date": "2025-10-01",
      "geo": "PT",
      "value": 150.27
    },
    {
      "date": "2025-11-01",
      "geo": "PT",
      "value": 157.4
    },
    {
      "date": "2025-12-01",
      "geo": "PT",
      "value": 141.12
    },
    {
      "date": "2026-01-01",
      "geo": "PT",
      "value": 140.28
    },
    {
      "date": "2026-02-01",
      "geo": "PT",
      "value": 134.09
    },
    {
      "date": "2026-03-01",
      "geo": "PT",
      "value": 146.75
    },
    {
      "date": "2026-04-01",
      "geo": "PT",
      "value": 155.54
    }
  ]
}