Discover which regions in Portugal have seen the highest property price increases in July 2025. Find out why the median housing appraisal reached €1,945/m²—an 18.7% surge from last year—and what this means for buyers and investors.
Discover which regions in Portugal have seen the biggest property price increases in July 2025. See the latest housing appraisal values, top-performing areas like Setúbal Peninsula and Greater Lisbon, and detailed market trends by region and property type.
Where Have Property Prices Risen the Most in Portugal? July 2025 Real Estate Market Update
The Portuguese real estate market continues its upward trajectory in 2025, posting some of the strongest property price gains in recent years. According to the National Statistics Institute (INE), the median bank appraisal value for housing reached €1,945 per square metre in July, representing an impressive 18.7% increase compared to July 2024. But where are prices rising the most, and which property types and regions are leading the growth?
Key Trends in the Portugal Real Estate Market – July 2025
- Overall Price Growth:
Compared to June 2025, appraisal values increased by 2%, with July’s median reaching €1,945/m²—a €34 rise month-over-month. - Volume of Appraisals:
Around 33,800 bank appraisals were conducted in July, up 3.8% from June and 3.7% from July 2024, indicating sustained buyer interest and bank activity.
Fastest-Growing Regions for Property Prices
Year-on-Year Regional Leaders
- Setúbal Peninsula:
The standout growth region, with property prices up 24.2% compared to July 2024—the highest annual increase in the country. - No Regional Declines:
All regions saw positive growth, signaling a broad-based property price surge across Portugal. - Alentejo:
Showcased the most significant monthly growth at 4.2%, while also having the lowest regional median value (€1,419/m²).
Highest Valued Regions
- Greater Lisbon:
Maintains the nation’s top spot for median bank appraisal value at €2,990/m². - Algarve:
Close behind at €2,642/m², confirming ongoing demand in these sought-after regions.
Apartments: Detailed Price Analysis
- Median Appraisal Value:
Apartments hit €2,254/m² in July 2025, marking a 24.0% year-on-year increase. - Monthly Dynamics:
Values increased by 2.1% compared to June, with the Azores region posting the highest monthly gain at 3.0%. - Top Price Growth:
The Setúbal Peninsula continued to excel, experiencing the highest year-on-year increase for apartments at 25.6%. - Distribution by Size:
- One-bedroom apartments: Up €71 to €2,866/m²
- Two-bedroom apartments: Up €50 to €2,317/m²
- Three-bedroom apartments: Up €18 to €1,942/m²
These accounted for 92.8% of all appraisals for apartments.
Houses: Regional and Annual Shifts
- Median House Appraisal Value:
Houses reached a median appraisal of €1,414/m², up 10.4% versus July 2024. - Top Locations:
- Greater Lisbon: €2,707/m²
- Algarve: €2,505/m²
- Lowest values found in the Center (€1,053/m²) and Alentejo (€1,149/m²).
- Strongest Annual Growth:
The Azores saw house prices increase by 17.8% year-on-year. - Month-over-Month Change:
House values rose by 1.8% overall, led by Alentejo (+4.2%), with Madeira seeing the only decline (-0.2%). - By Bedroom Size:
- Two-bedroom houses: Up €41 to €1,392/m²
- Three-bedroom houses: Up €14 to €1,390/m²
- Four-bedroom houses: Up €23 to €1,484/m²
A Widespread Property Price Boom in 2025
The July 2025 data shows no sign of a slowdown for Portugal’s real estate market, with all regions experiencing rising property prices—and especially strong growth in the Setúbal Peninsula, Greater Lisbon, and the Algarve. Apartment values, in particular, have soared, while houses also continue on an upward trend. Whether you are an investor, buyer, or homeowner, tracking these market dynamics is key to making informed decisions in today’s competitive and high-growth property market.
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