House prices hit new record (again!) in February

A new record was set again in Portugal’s housing market in February with average prices up by 12.2% like-for-like on 2025.

According to the idealista price index, buying a house cost €3,076 per square meter (euros/m2) at the end of February, considering the average value, representing a new historical high, reached for the fourth consecutive month. In quarterly terms, prices increased by 2.5%.

District capital cities and autonomous regions

In February 2026, house prices for sale rose in 18 of the 19 district capitals and autonomous regions analyzed. The largest annual increases were recorded in Santarém (25.3%), Beja (22.8%) and Guarda (22.8%). These were followed by Aveiro (16.9%), Viana do Castelo (16.2%), Ponta Delgada (13.9%), Castelo Branco (13.9%) and Setúbal (13.5%).

Also, Leiria (12.7%), Coimbra (12.5%), Faro (12.3%), Funchal (12.2%), Porto (11.5%), Braga (11.3%) and Braganza (11.3%) also showed significant increases. Lisbon (9.9%) and Portalegre (9.5%) registered more moderate increases, while Évora had an annual variation of 4.6%. The only annual decrease was in Vila Real, where prices fell by 2%.

Lisbon remains the city where it is most expensive to buy a house, with a median price of €6,059/m2. Porto (€4,060/m2) and Funchal (€3,959/m2) follow. Faro (€3,447/m2) and Setúbal (€3,033/m2) appear in fourth and fifth place, respectively. Next in line are Aveiro (2,894 euros/m2), Évora (2,479 euros/m2), Ponta Delgada (2,336 euros/m2), Coimbra (2,287 euros/m2), Viana do Castelo (2,247 euros/m2) and Braga (2,173 euros/m2).

Source: Idealista; Credits: CM Santarém