Buying a house in Portugal becomes more expensive again in June – Price rises 8%

House sales in Portugal continue to be quite dynamic, fueled by competitive mortgage offers, increasingly low interest rates and new support for young people (IMT exemption and public guarantee of credit). But the supply of housing is still not keeping up with this trend. That’s why the prices of houses for sale continue to rise, with an 8% increase in June compared to the same month in 2024. (…)

Among the 18 district capitals (or autonomous regions), the prices of houses for sale rose in 15 major cities in June, with Setúbal (20%), Santarém (15.3%), Évora (13.9%) and Ponta Delgada (13.6%) topping the list. This is followed by Faro (10.3%), Viana do Castelo (10.1%), Coimbra (9.5%), Funchal (7.6%), Braga (6.5%), Porto (6%), Portalegre (4.8%), Vila Real (4%), Leiria (4%), Lisbon (2.3%) and Bragança (1.6%). (…)

Lisbon is still the city where it is most expensive to buy a house: 5,769 euros/m2. Porto (3,792 euros/m2) and Funchal (3,645 euros/m2) are in second and third place, respectively. (…)

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 (19.5%), followed by the Alentejo (14.1%), the Autonomous Region of Madeira (11.2%), the Algarve (10%), the Lisbon Metropolitan Area (9.5%), the North (8.6%) and the Center (7.8%). Greater Lisbon, at 4,076 euros/m2, continues to be the most expensive region in which to buy a home, followed by the Algarve (3,712 euros/m2), Autonomous Region of Madeira (3,439 euros/m2) and the North (2,425 euros/m2).


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