Revealed: Most Expensive Cities to Buy a House in Portugal
Discover the latest data from idealista showing the stability of house prices in Portugal in April, along with the top costly cities to invest in.
House prices in Portugal have shown a slight increase, but at a slower pace, according to the latest data from idealista. In April, the median housing cost stood at 2,622 euros per square meter, with a minimal increase of 0.5% compared to the previous month. However, it is worth noting that house prices in 15 district capitals saw a rise between March and April, with Portalegre leading the way with a 6% increase, as reported by the idealista price index. On an annual basis, house prices in Portugal rose by 5.8%.
Among the district capitals, prices of houses for sale increased in 15 out of 20 cities with representative samples. Portalegre saw the highest increase at 6%, followed by Bragança (4.7%) and Évora (3.6%). Lisbon remains the most expensive city to buy a house, with prices reaching 5,585 euros per square meter. Porto and Funchal take the second and third spots, respectively, with prices of 3,566 euros/m2 and 3,304 euros/m2.
On the other end of the spectrum, Guarda is the most affordable city to purchase a home, with prices at 764 euros per square meter. Portalegre, Castelo Branco, Beja, Bragança, and Santarém also offer more budget-friendly options for potential homebuyers.
Overall, the housing market in Portugal continues to show signs of growth, albeit at a slower pace compared to previous months. With prices varying across different regions, potential buyers have a range of options to consider when looking for their dream home in Portugal.
Revealed: Most Expensive Cities to Buy a House in Portugal
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