House prices rising across almost all of Portugal

  • 6 November, 22

House prices rose 1.1% in October, according to the idealista price index. The rise in prices is a “scenario visible in almost the entire country”, with prices rising in 17 district capitals, according to the real estate portal.

Between September and October, Coimbra led the rise, with houses becoming more expensive by 4.8%. In Lisbon, house prices rose by 1.6% and in Porto by 1.3% during the same period.

“In relation to the quarterly and annual variation, house prices in Portugal rose by 1.3% and 5.1%, respectively”, according to a report by Casa ao Minuto.

Idealista points out that house prices in October rose in 17 district capitals, with Coimbra (4.8%), Santarém (4.1%) and Beja (3.9%) leading the list.

Followed by Guarda (3%), Ponta Delgada (2.7%), Setúbal (2.6%), Faro (2.1%), Lisbon (1.6%), Leiria (1.6%), Portalegre (1.3%), Porto (1.3%), Évora (1.2%), Funchal (1.2%), Viseu (1.1%), Castelo Branco (1.1%), Aveiro (1%) and Bragança (0.3%).

In Braga and Viana do Castelo, prices remained stable during the month of October.

Prices only dropped in Vila Real (-0.2%).

Lisbon continues to be the city where it is most expensive to buy a house: 5,084 euros/m2. Porto (3,173 euros/m2) and Funchal (2,583 euros/m2) occupy the second and third places, respectively.

Cre: Portugalnews

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