Residential properties 8.4% more expensive on average over the past year

House prices in Portugal rose 8.4% in August like-for-like on the same period in 2024.

Buying a house in Portugal now costs €2,951/m2 on average with prices up across 13 major Portuguese towns and cities, particularly Beja (+33%), Santarém (+29.6%), and Guarda (+20%) leading the price increases.

House prices in Porto climbed 4.7% and 4.1% in Lisbon. Buying a house in Greater Lisbon has now exceeded the €4,500m2 mark.

And in the Azores, prices on the island of São Miguel were up 17.9% and Porto Santo island 23.9%.

According to the Annual House Sale Price Index from online estate agency idealista, the quarterly variation was +3.5%.

District/Autonomous region capitals

House prices in August went up in 18 capitals, with Beja (+33%), Santarém (+29,6%) and Guarda (+20%) heading the list. These were followed by Setúbal (+19,9%), Coimbra (+12,4%), Viana do Castelo (+12,1%), Faro (+11,5%), Braga (+9,7%), Évora (+9,6%), Funchal (+9,6%), Ponta Delgada (+9,1%), Viseu (+5,9%), Leiria (+5,2%), Porto (+4,7%), Lisboa (+4,1%), Vila Real (+3,4%), Aveiro (+1,9%) and Bragança (+1,7%).

Lisbon continues to be the city where it costs the most to buy a house: €5,866/m2. Porto (€3,811/m2) and Funchal (€3,755/m2) in second and third places, respectively. This was followed by Faro (€3,319/m2), Setúbal (€2,956/m2), Aveiro (€2,605/m2), Évora (€2,391/m2), Ponta Delgada (€2,215/m2), Coimbra (€2,173/m2), Braga (€2,113/m2), Viana do Castelo (€2,095/m2) and Leiria (€1,652/m2). The cheaper cities to buy a house include Guarda (€962/m2), Braganza (€1,007/m2), Beja (€1,300/m2), Vila Real (€1,365/m2), Santarém (€1.55/m2) and Viseu (€1,589/m2).

Districts/Islands

Looking at districts and islands, the biggest price increases were on the Island of Porto Santo (+23,9%) São Miguel (+17,9%) and Santarém (+17,7%). These were followed by Beja (+17,2%), Setúbal (+17%), Terceira (+16,7%), Guarda (+16,3%), Portalegre (+15,7%), Castelo Branco (+14,5%), Évora (+13,7%), Madeira (+13,1%), Braga (+12%), Leiria (+11,4%), Aveiro (+11,1%), Viana do Castelo (+10,4%), Faro (+9,4%), Lisbon (+8,3%), Viseu (+8%), Porto (+7,6%), Coimbra (+5,6%), Pico Island (+4,5%), São Jorge Island (+3,2%), Vila Real (+2,9%) and Santa Maria Island (+1,3%). In Braganza (-1%), prices fell during this period.