Portugal’s real estate market continues its upward trend, with the average house sale price climbing to €445,000 in October 2025—a 2% increase from September and a striking 19% year-on-year rise, according to the Imovirtual October Barometer.
Nationwide Growth, with Lisbon and Porto Leading
Lisbon remains the country’s most expensive district for property purchases, where the average sale price hit €670,000—an 18% surge compared to last year. Porto follows closely behind at €440,000, marking a 19% annual increase. Other regions are catching up: Aveiro’s average price grew 18% year-on-year to €388,800, and Braga saw an 11% increase, reaching €355,000.
Strong year-on-year appreciation was also noted in Viseu (+24%, €228,000) and Bragança, which recorded a remarkable 10% monthly growth (now at €110,000). In the Centre, the average home price rose to €280,000 (+2% monthly; +24% year-on-year), with significant movements seen in Coimbra (€280,000, up 24% annually) and Leiria (€335,000, up 20%).
Southern and Island Markets Exhibit Varied Dynamics
In southern Portugal, the average house price now stands at €264,500 (+3% monthly; +21% annually), led by Faro at €562,250 (+25% year-on-year). Setúbal also boasts high values at €486,000, while Beja, despite a small recent dip, experienced a 26% jump in the past year.
On the islands, the property market showed mixed signals. Average prices dropped 5% in a month to €185,000 but remain up 10% year-on-year. Madeira stands out with high values of €600,000, up 19% over the last year, and São Miguel’s impressive gains now place it at €399,000 (+29%).
Rental Market Also on the Rise
Rents are also trending upward. Nationally, the average rent in October reached €1,285, a 3% jump from both the previous month and last year. Lisbon again tops the charts at €1,750, up 9% year-on-year. In the North, rents climbed to €750 on average (+7% monthly), and Porto maintained relatively high rates at €1,100.
Aveiro and Viana do Castelo recorded strong rental growth, with increases of 12% and 13% year-on-year, respectively. In the Centre, Leiria and Santarém recorded notable monthly gains, hitting €900 and €800. The South saw an average rental price of €900 (+9% monthly), with Faro and Setúbal at €1,200.
Regional Disparities and Insights
Despite the national upward trajectory, regional differences persist. Some districts like Bragança and Viseu offer more affordable prices, while hotspots such as Lisbon, Faro, and Madeira remain out of reach for many buyers and renters.
Regional variations in rent are even more pronounced: Madeira rentals surged to €1,438, while more rural regions like Beja and Portalegre remain below €700.
Portugal’s property market remains robust, with both house prices and rents rising steadily across most regions. Lisbon and Porto continue as the most expensive markets, but strong growth is also being seen in secondary cities and certain islands. While the surge makes for a competitive market, buyers and renters may still find opportunities in less central districts.
