In November, houses for sale were 1.9% more expensive compared to the previous month, costing €2,460 per square metre (euros/m2) in median terms, according to the idealista price index. The rise in house prices to buy was visible across almost all of Portugal, as houses became more expensive in 17 district capitals, between October and November, with Vila Real leading the rise (5%). In Lisbon, house prices rose by 1.2% and in Porto by 0.5% during the same period.
What the idealista price index also says is that house prices to buy in Portugal rose by 2.8% in quarterly terms. The annual change in house prices was 5.9%.
Where did prices rise most?
In November, houses became more expensive in 17 district capitals, with Vila Real (5%), Viseu (4.4%), and Beja (3.8%) leading the list. They are followed by Castelo Branco (2.5%), Santarém (2.4%), Ponta Delgada (2.4%), Guarda (2.3%), Braga (1.8%), Funchal (1.4 %), Lisbon (1.2%), Viana do Castelo (1.2%), Bragança (1%), Évora (0.9%), Coimbra (0.8%), Setúbal (0.6%), Leiria (0.5%) and Porto (0.5%).
In Aveiro, the prices of houses for sale remained stable during the month of November. Of the analysed district capitals, the prices of houses for sale fell in only two cities: Portalegre (-2.4%) and Faro (-0.2%), so the same study shows.
Lisbon continues to be the most expensive city to buy a house: 5,145 euros/m2. Porto (3,188 euros/m2) and Funchal (2,618 euros/m2) occupy the second and third places, respectively. Next are Faro (2,542 euros/m2), Aveiro (2,451 euros/m2), Setúbal (2,158 euros/m2), Évora (1,975 euros/m2), Coimbra (1,751 euros/m2), Ponta Delgada (1,632 euros/m2 ), Braga (1,551 euros/m2), Viana do Castelo (1,407 euros/m2), Viseu (1,347 euros/m2) and Leiria (1,329 euros/m2).
The cheapest cities to buy a house in our country are Portalegre (644 euros/m2), Castelo Branco (818 euros/m2), Bragança (819 euros/m2), Guarda (837 euros/m2), Beja (954 euros/ m2), Santarém (1,008 euros/m2) and Vila Real (1,142 euros/m2).