House Sales in Portugal Remain Dynamic

The sale of houses in Portugal remains very dynamic, reflecting the current context of low interest rates and the high participation of young people in the public guarantee scheme and IMT (Property Transfer Tax) exemption. But this strong demand continues to contrast with an insufficient residential supply, making housing even more expensive. In September, house prices for purchase in the country rose 7.6% compared to the same month in 2024, placing the median cost at €2,943 per square meter (€/m2), according to the idealista price index. Regarding quarterly variation, prices rose 1.6%.

Houses more expensive in all major cities
House prices for purchase in September rose in the 19 district capitals (or autonomous regions) analyzed, with Beja (33.9%), Santarém (26.7%), and Guarda (20.5%) recording the highest annual increases.

The list of major cities with the largest increases in housing costs continues with Setúbal (19.6%), Coimbra (13.2%), Faro (11.8%), Funchal (11.7%), Viana do Castelo (11.2%), Braga (10.4%), Évora (9.0%), Castelo Branco (9.0%), Ponta Delgada (8.8%), Leiria (8.2%), Vila Real (7.1%), Viseu (6.2%), Bragança (4.6%), Porto (4.3%), Aveiro (3.7%), and Lisbon (2.7%).

Lisbon remains the most expensive city to buy a house: €5,824/m2. Funchal (€3,879/m2) and Porto (€3,826/m2) occupy second and third place, respectively. They are followed by Faro (€3,374/m2), Setúbal (€2,961/m2), Aveiro (€2,652/m2), Évora (€2,430/m2), Ponta Delgada (€2,246/m2), Coimbra (€2,237/m2), Braga (€2,127/m2), and Viana do Castelo (€2,093/m2).

Cities where the square meter of housing costs less than €2,000 include: Leiria (€1,694/m2), Viseu (€1,616/m2), Santarém (€1,597/m2), Vila Real (€1,412/m2), and Beja (€1,338/m2).

The cheapest cities to buy a house in Portugal are: Bragança (€1,063/m2), Guarda (€983/m2), and Castelo Branco (€965/m2).

House prices for purchase in major cities
Median value in September (€/m2)
Variation between September 2025 and the same month of the previous year (%)

(Table content translated)

  • Beja: €1,338 (+33.9%)

  • Santarém: €1,597 (+26.7%)

  • Guarda: €983 (+20.5%)

  • Setúbal: €2,961 (+19.6%)

  • Coimbra: €2,237 (+13.2%)

  • Faro: €3,374 (+11.8%)

  • Funchal: €3,879 (+11.7%)

  • Viana do Castelo: €2,093 (+11.2%)

  • Braga: €2,127 (+10.4%)

  • Évora: €2,430 (+9.0%)

  • Castelo Branco: €965 (+9.0%)

  • Ponta Delgada: €2,246 (+8.8%)

  • Leiria: €1,694 (+8.2%)

  • Vila Real: €1,412 (+7.1%)

  • Viseu: €1,616 (+6.2%)

  • Bragança: €1,063 (+4.6%)

  • Porto: €3,826 (+4.3%)

  • Aveiro: €2,652 (+3.7%)

  • Lisbon: €5,824 (+2.7%)

Portuguese islands record the highest price increases
Analyzing by districts and islands with representative samples, it is observed that houses for sale became more expensive in most territories between September 2025 and the same period last year. The only exception was Santa Maria Island, where prices fell by 2.1% during this period.

The highest house price increases were recorded in the Portuguese islands: Porto Santo Island (20.5%), Terceira Island (19.4%), and São Miguel Island (19.2%).

The list of the largest increases in housing costs continues with Setúbal (17.6%), Santarém (17.4%), Portalegre (17.2%), Beja (17.1%), Madeira Island (14.8%), Pico Island (13.9%), Viseu (13.7%), Castelo Branco (12.6%), Guarda (11.5%), Aveiro (11.1%), Évora (10.9%), Braga (10.7%), Viana do Castelo (9.3%), Leiria (9.2%), Faro (8.7%), Porto (7.5%), Coimbra (6.9%), Lisbon (6.7%), São Jorge Island (6.6%), and Vila Real (5.6%). In Bragança, there was a slight increase (1%).

The ranking of the most expensive districts and islands to buy a house is led by Lisbon (€4,454/m2), followed by Faro (€3,819/m2), Madeira Island (€3,643/m2), Setúbal (€3,081/m2), Porto Santo Island (€2,976/m2), Porto (€2,970/m2), São Miguel Island (€2,197/m2), Aveiro (€1,951/m2), Leiria (€1,851/m2), Braga (€1,821/m2), Pico Island (€1,641/m2), Viana do Castelo (€1,608/m2), Coimbra (€1,562/m2), Terceira Island (€1,554/m2), São Jorge Island (€1,536/m2), Évora (€1,509/m2), Santarém (€1,427/m2), and Santa Maria Island (€1,393/m2).

The cheapest prices to purchase housing are found in Guarda (€766/m2), Portalegre (€892/m2), Bragança (€916/m2), Castelo Branco (€966/m2), Vila Real (€1,088/m2), Viseu (€1,241/m2), and Beja (€1,343/m2).

House prices for purchase by districts and islands
Median value in September (€/m2)
Variation between September 2025 and the same month of the previous year (%)

(Table content translated)

  • Porto Santo Island: €2,976 (+20.5%)

  • Terceira Island: €1,554 (+19.4%)

  • São Miguel Island: €2,197 (+19.2%)

  • Setúbal: €3,081 (+17.6%)

  • Santarém: €1,427 (+17.4%)

  • Portalegre: €892 (+17.2%)

  • Beja: €1,343 (+17.1%)

  • Madeira Island: €3,643 (+14.8%)

  • Pico Island: €1,641 (+13.9%)

  • Viseu: €1,241 (+13.7%)

  • Castelo Branco: €966 (+12.6%)

  • Guarda: €766 (+11.5%)

  • Aveiro: €1,951 (+11.1%)

  • Évora: €1,509 (+10.9%)

  • Braga: €1,821 (+10.7%)

  • Viana do Castelo: €1,608 (+9.3%)

House prices rise in all regions of the country
Over the last 12 months, house prices for sale have risen in all regions of the country. Leading the increases is the Autonomous Region of the Azores (18.3%), followed by Alentejo (17.3%), Autonomous Region of Madeira (14.9%), Center (9.4%), Algarve (8.7%), Lisbon Metropolitan Area (8.4%), and North (7.3%).

The Lisbon Metropolitan Area, with €4,119/m2, continues to be the most expensive region to buy housing, followed by the Algarve (€3,819/m2), Autonomous Region of Madeira (€3,631/m2), and the North (€2,469/m2). On the opposite side of the table are the Autonomous Region of the Azores (€1,891/m2), Alentejo (€1,867/m2), and the Center (€1,631/m2), which are the cheapest regions to buy a house.

idealista real estate price index
For the creation of the idealista real estate price index, asking prices (based on constructed square meters) published by advertisers on idealista are analyzed. Outlier listings and those with off-market prices are removed from the statistics.

We also include the “single-family homes” typology and discard all listings in our database that have been inactive for some time without any type of user interaction. The final result is obtained through the median of all valid listings in each market.