Buying a house in Portugal now has a median cost of 2,898 euros per square meter (euros/m2) at the end of June, according to the idealista price index. In terms of quarterly variation, prices increased by 4.4%.

House prices rising in large cities

Among the 18 district capitals (or autonomous regions), house prices for sale rose in 15 large cities in June, with Setúbal (20%), Santarém (15.3%), Évora (13.9%) and Ponta Delgada (13.6%) leading the list. Next came Faro (10.3%), Viana do Castelo (10.1%), Coimbra (9.5%), Funchal (7.6%), Braga (6.5%), Porto (6%), Portalegre (4.8%), Vila Real (4%), Leiria (4%), Lisbon (2.3%) and Bragança (1.6%).

In Aveiro, house prices for sale remained practically stable during this period (0.5%). On the other hand, prices fell in Castelo Branco (-3.1%) and Viseu (-1.9%).

Most expensive

Lisbon continues to be the city where it is most expensive to buy a house: 5,769 euros/m2. Porto (3,792 euros/m2) and Funchal (3,645 euros/m2) occupy second and third places, respectively. Next come Faro (3,285 euros/m2), Setúbal (2,870 euros/m2), Aveiro (2,546 euros/m2), Évora (2,463 euros/m2), Ponta Delgada (2,194 euros/m2), Coimbra (2,058 euros/m2), Braga (2,049 euros/m2), Viana do Castelo (1,986 euros/m2) and Leiria (1,582 euros/m2). The most economical cities to buy a house are Portalegre (843 euros/m2), Castelo Branco (880 euros/m2), Bragança (990 euros/m2), Vila Real (1,319 euros/m2), Santarém (1,4446 euros/m2) and Viseu (1,505 euros/m2).