In August, the Imovirtual Barometer revealed that the average asking price for a property for sale remained at €430,000, unchanged from the same period in 2025, with rentals similarly stable, at a national average of €1,300 per month.

However, regional figures paint a considerably more varied picture, as the Centre recorded the strongest annual increase in sale prices, while the North saw the biggest rise in rents.

Regional surges

In the Centre, average asking prices for properties for sale climbed 14.6 percent year on year, from €257,500 to €295,000, with Coimbra among the biggest movers, rising 17 percent to €310,000.

Santarém increased by 12 percent to €280,000, as Leiria rose 11.1 percent to €350,000, while Guarda was the exception, with prices falling 3.6 percent to €94,000.

The South also recorded growth, with average sales prices reaching €270,000, an 8 percent increase over the year.

Portalegre saw the sharpest rise in the region, with prices up 25 percent to €150,000, followed by Beja, where prices rose 11.1 percent to €200,000.

Faro remained one of Portugal’s most expensive markets, with an average asking price of €580,000, up 6.4 percent year on year, as Setúbal followed at €486,000, representing a more modest 2.3 percent increase.

In the North, average sale prices rose 3.6 percent to €290,000, with Braga recording a particularly notable increase of 31 percent, taking the average from €100,000 to €131,000.

Vila Real rose 16.7 percent to €210,000, while Viseu increased 11.9 percent to €250,000.

However, Porto moved in the opposite direction, as the average asking price fell 13 percent from €434,000 in August last year to €377,500, followed by Aveiro, down 7.3 percent to €355,000.

Lisbon experienced a year-on-year fall of 3.1 percent, with the average sale price dropping from €650,000 to €630,000, while the monthly figures were more positive, but still increasing 5 percent compared to the €599,900 in July.

Meanwhile, the archipelagos saw some of the most dramatic changes, with Terceira Island’s average sale price jumping by 57.4 percent, from €190,000 to €299,000.

São Miguel recorded a more modest 1.3 percent decline to €389,900, while Madeira fell 3.4 percent to €570,000.

Rental figures

The rental market is also experiencing pronounced regional differences.

In the North, there was a 20 percent annual increase in average rents, taking the figure from €750 to €900 per month.

Bragança led the region with a 35 percent rise to €675, while Viana do Castelo increased 21.3 percent to €910, as Porto’s average monthly rent reached €1,200, up 9.1 percent compared with a year earlier.

Rental prices in the Centre were considerably more stable, rising just 1.6 percent to €788 per month.

Santarém recorded the region’s largest increase, up 13.3 percent to €850, while Castelo Branco rose 9.1 percent to €600.

In contrast, Coimbra saw rents fall 9.4 percent, from €800 to €725, as Lisbon also recorded a slight annual decline of 0.9 percent, with the average monthly rent falling from €1,700 to €1,685.

The South registered average rents reaching €975 a month, representing a 1 percent annual increase.

Faro remained the most expensive district in the region, with average rents of €1,388, up 11.1 percent, as Setúbal rose 8.3 percent to €1,3000, while Beja was the only to record a fall, with rents down 3.8 percent to €625.

The archipelagos once again recorded some of the largest increases, as Terceira saw rents jump 42.9 percent, from €700 to €1,000 a month, while São Miguel rose 30 percent to €1,300, and Madeira remained unchanged at €1,500.

Monthly difference

Despite the sizeable annual increases seen in some areas, Portugal’s property market changed very little between July and August.

The national average sale price increased by around 0.7 percent, from €427,000 to €430,000, as rentals remained unchanged at €1,300.

In the Centre, a 1.9 percent increase in sale prices was recorded, while the South rose 1.3 percent.

On the rental side, average prices in the North remained at €900, while the Centre fell 1.6 percent and the South recorded a 7.1 percent monthly decline.

Sylvia Bozzo, Marketing Manager at Imovirtual, said the national figures should not obscure the contrasting conditions across Portugal’s property markets.

She argued that the differences between regions underline the importance of looking further than national averages, as some areas continue to experience strong price growth while others are seeing prices stabilise or fall.