Portugal’s real estate market is enjoying a period of remarkable strength, with average house prices rising 7.6% year-on-year, according to the latest analysis by eXp Portugal. While the market as a whole is seeing robust growth, Setúbal stands out as the region with the strongest performance, reporting an impressive 17.6% increase in property values over the past year.
Not far behind are Santarém (+17.4%), Portalegre (+17.2%), and Beja (+17.2%), all posting double-digit price growth. Madeira also made headlines, with house prices rising 14.8% annually and a notable 3% increase in the last month alone. Viseu led monthly growth charts with a 5.9% jump, reflecting consistent demand in less traditional markets.
Other regions surfing this property wave include Castelo Branco (+12.6%), Aveiro (+11%), Évora (+10.9%), and Braga (+10.8%). Even Leiria, Viana do Castelo, and Faro posted strong results, reflecting the widespread nature of the real estate boom not just on the mainland, but also in Portugal’s islands.
While cities like Lisbon (+6.7%), Bragança (+1%), and Vila Real (+5.6%) posted more moderate gains—and even slight monthly declines—analysts see this as a sign of market stabilization in regions where growth has been strong for years.
The strength and spread of demand across Portugal, driven by both local and international buyers, highlight a market that’s not just resilient, but increasingly vibrant outside the usual hotspots of Lisbon and Porto. Factors such as improved transport links, lifestyle appeal, and greater accessibility are pushing buyers to explore new regions, making Setúbal and Santarém the standout success stories of 2025.
