House prices in Portugal (0.5%) remained stable in April compared to the previous month. According to the idealista price index, buying a house cost 2,622 euros per square meter (euros/m2) at the end of April this year, taking into account the median value.
According to data provided by the platform, houses for sale became more expensive again in 15 district capitals, between March and April, with Portalegre leading price rises (6%). In relation to the annual variation, house prices in Portugal rose 5.8%.
House prices in April rose in 15 district capitals, with Portalegre (6%)Bragança (4.7%) and Évora (3.6%) to top the list. Next are Viseu (3.3%), Vila Real (2.4%), Leiria (2.3%), Braga (2.3%), Setúbal (2.1%), Santarém (1.9% ), Ponta Delgada (1.8%), Funchal (1.4%), Beja (1%), Viana do Castelo (0.9%), Aveiro (0.6%) and Porto (0.6%). In Coimbra (0.4%), Lisbon (0.3%), Faro (-0.1%) and Castelo Branco (-0.5%), prices remained stable during this period. On the other hand, prices fell in Guarda (-1.2%).
Lisbon continues to be the city where it is most expensive to buy a house: 5,585 euros/m2. Porto (3,566 euros/m2) and Funchal (3,304 euros/m2) occupy second and third place, respectively. Next are Faro (2,922 euros/m2), Aveiro (2,510 euros/m2), Setúbal (2,348 euros/m2), Évora (2,164 euros/m2), Viana do Castelo (1,902 euros/m2), Coimbra (1,876 euros/m2), Braga (1,834 euros/m2), Ponta Delgada (1,820 euros/m2), Viseu (1,502 euros/m2) and Leiria (1,489 euros/m2) . The most economical cities are Guarda (764 euros/m2), Portalegre (848 euros/m2)Castelo Branco (891 euros/m2), Beja (917 euros/m2)Bragança (975 euros/m2) and Santarém (1,222 euros/m2).
Analyzing the data by district, the biggest price increases took place on Pico Island (8.5%), Tercera Island (3.5%) and São Miguel Island (2.6%). Follow Beja (2.6%), Viseu (2.3%), Santarém (2.2%), Aveiro (2.1%), Viana do Castelo (2%), Braga (1.8%) and Madeira Island (1.7%). With increases of less than 1% there are Portalegre (0.9%), Castelo Branco (0.8%), Leiria (0.8%), Bragança (0.8%) and Faial island (0.6%). Housing prices remained stable during this period Évora (0.5%), Lisbon (0.5%), Faro (0.4%), Santa Maria island (0.2%), Vila Real (0.1%), Setúbal (0%) and Porto (0%). On the other hand, prices fell in Guarda (-2.7%), Coimbra (-1.4%), Porto Santo island (-1.4%) and São Jorge island (-0.7%).
It should be noted that the ranking of the most expensive districts to buy a house is led by Lisbon (4,027 euros/m2), followed by Faro (3,334 euros/m2), Madeira Island (3,015 euros/m2), Porto (2,580 euros/m2) , Setúbal (2,472 euros/m2), Porto Santo island (2,241 euros/m2), Aveiro (1,723 euros/m2), São Miguel island (1,672 euros/m2), Leiria (1,616 euros/m2), Braga (1,547 euros/m2), Pico island (1,491 euros/m2), Viana do Castelo (1,466 euros/m2), Santa Maria island (1,416 euros/m2), Coimbra (1,389 euros/m2), Faial island (1,321 euros /m2), Évora (1,280 euros/m2)Terceira island (1,214 euros/m2), São Jorge island (1,210 euros/m2) and Santarém (1,160 euros/m2).
The cheapest prices are in Guarda (689 euros/m2), Portalegre (724 euros/m2)Castelo Branco (839 euros/m2), Bragança (884 euros/m2), Vila Real (973 euros/m2), Beja (1,098 euros/m2) and Viseu (1,118 euros/m2).
By region, in April, the prices of houses for sale increased in only three regions of the country. Leading the rises is the Autonomous Region of the Azores (2.9%), followed by the Autonomous Region of Madeira (1.7%) and Centro (1.2%). In the Algarve (0.4%), Alentejo (0.4%), North (0.4%) and Greater Lisbon (0.3%), prices remained stable during this period.
The Lisbon Metropolitan Area, with 3,644 euros/m2, continues to be the most expensive region to purchase housing, followed by the Algarve (3,334 euros/m2), Autonomous Region of Madeira (3,003 euros/m2) and North (2,168 euros/m2 ). On the opposite side of the table are the Center (1,448 euros/m2), the Autonomous Region of the Azores (1,485 euros/m2) and Alentejo (1,507 euros/m2) which are the cheapest regions to buy a house.
