The idealista index details that buying a house became more expensive in fifteen district capitals between March and April, with Portalegre leading the price rises at national level.
House prices in Portugal rose by 5.8% in the last twelve months, according to data from the price index from idealista, a real estate advertising portal.
This platform details that buying a house became more expensive in fifteen district capitals between March and April, with Portalegre leading the price rises (6%) at a national level.
idealista highlights that house prices in Portugal remained stable in April compared to the previous month: buying a house cost 2,622 euros per square meter at the end of April this year, taking into account the median value.
As mentioned, Portalegre was the district capital that led the rise in house prices nationally, but other capitals showed a significant increase in prices: Bragança (4.7%) and Évora (3.6%) leading 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, Lisbon, Faro and Castelo Branco, prices remained stable during this period. In Guarda, this trend was downward (-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. This is followed by 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), 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).
To create the idealista property price index, the offer prices (based on built square meters) published by idealista advertisers are analyzed. Atypical advertisements and those with out-of-market prices are eliminated from the statistics.
idealista also includes the typology “single-family homes” and we discard all ads that are in our database and that have not been interacted with by users for some time. The final result is obtained through the median of all valid advertisements in each market.
