House prices in Portugal up 13.1% in January to hit new record

Average house prices in Portugal rose by 13.1% in January like-for-like on 2024 to reach a new maximum of €3,047/m2.

Guarda, Beja, and Santarém led house price increases in district capitals, but Lisbon continued to be the district with the highest prices.

According to the Idealista House Price Index, buying a house cost €3,047/m2 at the end of January, hitting a new record for the third consecutive month. In quarterly terms, prices rose 2.6%.

District capitals and autonomous regions

In January 2026, house prices for sale rose in 18 of the 19 district capitals and autonomous regions analysed. ​

The highest annual increases were recorded in Guarda (22.2%), Beja (21.9%) and Santarém (21.6%). ​

These are followed by Viana do Castelo (16.8%), Setúbal (15.7%), Coimbra (14.9%), Aveiro (13.9%) and Braga (13.2%). ​

Significant increases were also observed in Ponta Delgada (12.8%), Faro (11.8%), Funchal (11.3%) and Lisbon (11.2%). ​

Castelo Branco (10.4%), Portalegre (10.2%), Leiria (9.9%), Porto (9.3%) and Bragança (7%) showed more moderate increases. ​Évora recorded an annual variation of 4%. ​The only annual decrease was in Vila Real, where prices fell by 5.2%.

Lisbon remains the city where it is most expensive to buy a house, with a median price of €6,065/m2. Next are Porto (€3,940/m2) and Funchal (€3,901/m2). Faro (€3,419/m2) and Setúbal (€3,005/m2) are in fourth and fifth place.

Following these are Aveiro (€2,847/m2), Évora (€2,452/m2), Ponta Delgada (€2,348/m2), Coimbra (€2,282/m2), Viana do Castelo (€2,233/m2) and Braga (€2,152/m2). With values ​​below €2,000/m2 are Leiria (€1,779/m2), Santarém (€1,697/m2), Vila Real (€1,360/m2), Beja (€1,315/m2), Bragança (€1,090/m2), Guarda (€1,032/m2), Castelo Branco (€987/m2) and, finally, Portalegre (€963 /m2).

Districts and Islands

On the Portuguese islands, Porto Santo saw the highest annual increase (41%) followed by Terceira (24.4%), the São Jorge (20.7%), and São Miguel 20.1%.

Other district towns that enjoyed increases included Viseu (21.3%), Setúbal (20.9%), Castelo Branco (19%), Aveiro (17.9%), Santarém 17.4%, Viana do Castelo (15.6%), Faial (15.5%), Leiria (14.7%). Beja (14.2%), Braga (13.9%) and Lisbon (13%).

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