The average price for a home in Portugal reached €3,228 per square metre in September, as reported by idealista. The same source mentions that the prices were 0.5% higher than three months ago, which suggests that the prices are gradually increasing, although at different paces between regions.

The price extremes

Lisbon is still the most expensive city in the country, with a median price per square metre of €6,256. Lisbon is followed by Porto (€4,346 per square metre), Funchal (€4,066) and Faro (€3,924).

Meanwhile, Castelo Branco remains the most affordable city to buy a house in Portugal, with the square metre costing €1,090.

Strongest increase

Prices have risen sharply in areas outside Portugal's property hotspots. For example, Vila Real recorded a rise of 17,8%, with Leiria and Beja also valuing the prices of their land. In the Portuguese archipelagos, Porto Santo, in Madeira, rose by 31,7%, while Faial, in the Azores, was the only island to record a decline in housing prices.

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