Country · data to September 2026
House prices in Portugal
Homes in Portugal are advertised at €3,228 per m², up 7.9% on a year ago. Over the last six months prices moved at +3.4% a year, slower than the +10.7% a year of the past two years.
- Asking price per m²
- €3,228/m²
- Change in a year
- +7.9%
- +4.1% after inflation
- A 90 m² home
- €290,520
- at today's asking price per m²
Portugal: +47.9% in 5 years
Asking price, € per m², monthly, with the next 12 months' expected path
- Portugal
- Expected path
- 80% range
Show the numbers
| Month | Portugal |
|---|---|
| Sep 2027 · Expected path | €3,380/m² (€3,220/m²–€3,540/m²) |
| Aug 2027 · Expected path | €3,367/m² (€3,217/m²–€3,518/m²) |
| Jul 2027 · Expected path | €3,355/m² (€3,213/m²–€3,496/m²) |
| Jun 2027 · Expected path | €3,342/m² (€3,210/m²–€3,474/m²) |
| May 2027 · Expected path | €3,329/m² (€3,207/m²–€3,451/m²) |
| Apr 2027 · Expected path | €3,317/m² (€3,205/m²–€3,429/m²) |
| Mar 2027 · Expected path | €3,304/m² (€3,202/m²–€3,406/m²) |
| Feb 2027 · Expected path | €3,291/m² (€3,200/m²–€3,382/m²) |
| Jan 2027 · Expected path | €3,279/m² (€3,199/m²–€3,358/m²) |
| Dec 2026 · Expected path | €3,266/m² (€3,199/m²–€3,333/m²) |
| Nov 2026 · Expected path | €3,253/m² (€3,200/m²–€3,307/m²) |
| Oct 2026 · Expected path | €3,241/m² (€3,204/m²–€3,278/m²) |
| Sep 2026 | €3,228/m² |
| Aug 2026 | €3,207/m² |
| Jul 2026 | €3,210/m² |
| Jun 2026 | €3,211/m² |
| May 2026 | €3,198/m² |
| Apr 2026 | €3,198/m² |
| Mar 2026 | €3,174/m² |
| Feb 2026 | €3,141/m² |
| Jan 2026 | €3,112/m² |
| Dec 2025 | €3,080/m² |
| Nov 2025 | €3,063/m² |
| Oct 2025 | €3,023/m² |
| Sep 2025 | €2,993/m² |
| Aug 2025 | €2,983/m² |
| Jul 2025 | €2,972/m² |
| Jun 2025 | €2,938/m² |
| May 2025 | €2,891/m² |
| Apr 2025 | €2,867/m² |
| Mar 2025 | €2,832/m² |
| Feb 2025 | €2,795/m² |
| Jan 2025 | €2,753/m² |
| Dec 2024 | €2,720/m² |
| Nov 2024 | €2,678/m² |
| Oct 2024 | €2,650/m² |
| Sep 2024 | €2,636/m² |
| Aug 2024 | €2,626/m² |
| Jul 2024 | €2,624/m² |
| Jun 2024 | €2,602/m² |
| May 2024 | €2,588/m² |
| Apr 2024 | €2,551/m² |
| Mar 2024 | €2,532/m² |
| Feb 2024 | €2,512/m² |
| Jan 2024 | €2,498/m² |
| Dec 2023 | €2,467/m² |
| Nov 2023 | €2,445/m² |
| Oct 2023 | €2,408/m² |
| Sep 2023 | €2,390/m² |
| Aug 2023 | €2,385/m² |
| Jul 2023 | €2,393/m² |
| Jun 2023 | €2,391/m² |
| May 2023 | €2,369/m² |
| Apr 2023 | €2,359/m² |
| Mar 2023 | €2,337/m² |
| Feb 2023 | €2,325/m² |
| Jan 2023 | €2,310/m² |
| Dec 2022 | €2,299/m² |
| Nov 2022 | €2,294/m² |
| Oct 2022 | €2,259/m² |
| Sep 2022 | €2,246/m² |
| Aug 2022 | €2,242/m² |
| Jul 2022 | €2,239/m² |
| Jun 2022 | €2,238/m² |
| May 2022 | €2,235/m² |
| Apr 2022 | €2,223/m² |
| Mar 2022 | €2,224/m² |
| Feb 2022 | €2,214/m² |
| Jan 2022 | €2,204/m² |
| Dec 2021 | €2,202/m² |
| Nov 2021 | €2,196/m² |
| Oct 2021 | €2,183/m² |
Reports for Portugal
Each report opens the full series and the assumptions behind these figures.
Asking prices have an 80% chance of landing between €3,220/m² and €3,540/m² by September 2027.
- Expected, September 2027
- €3,380/m²
- Chance of a rise
- 89%
At the bank valuation, a 90 m² home costs €205,020. With 10% down and a 30-year mortgage, the payment is €778 a month. Banco de Portugal caps it at 50% of a household's net income.
- Payment, two incomes
- 31%
- Payment, one income
- 63%
Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the median sale price. Repaying the loan is saving, so it is left out.
- Rent per month
- €878
- Owning per month
- €715
Sellers ask 41.7% more than banks value homes at. A year ago the gap was +50.0%.
- Gap today
- +41.7%
- Change in a year
- −8.3 pp
53.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 43,215
- Per 1,000 residents
- 3.8
Over the last 12 months, buyers domiciled abroad paid 33.5% more per m² than buyers living in Portugal.
- Abroad against residents
- +33.5%
Bank valuations have fallen by 3% or more once since 2011. That fall began in April 2011.
- Deepest fall
- −18.2%
- Recovery from the low
- 45 months
In 2025 the population grew by 36,809 while 30,425 homes were finished: 1.2 new residents for every new home.
- New residents per new home, 2025
- 1.2
- Population change, 2025
- +36,809
12.1% of the 5,970,677 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 12.1%
- Empty homes
- 723,215
In 2025, 18% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.
- Work on existing buildings, 2025
- 18%
- Reconstructions per 100 new buildings
- 2.3
Public bodies signed €862.2M of housing works here in 2025, and €2.7B since 2012.
- Signed in 2025
- €862.2M
- Per resident, 2025
- €75
The national report: what is built, by whom, and what it costsCompare placesHow these figures are made
- Homes finished, 2025
- 30,425
- Licensed, 12 months
- 43,215
- Public housing contracts, 2025
- €862.2M
Use the arrow keys to move through the results and Enter to open one. Escape clears the search.
Portugal, municipality by municipality
Asking prices and how they changed in a year, then what gets built, who moves in and what public bodies spend. Select an area to see it up close.
Price per m²
- €4,000 and over
- €3,000 to €4,000
- €2,000 to €3,000
- €1,500 to €2,000
- €1,000 to €1,500
- Under €1,000
- No asking-price data
Change in a year
- +30% and over
- +20% to +30%
- +10% to +20%
- +2% to +10%
- −2% to +2%
- −10% to −2%
- Under −10%
- No asking-price data
Homes finished per 1,000 residents a year, 2023–25
- 5.0 and over
- 3.0 to 5.0
- 2.0 to 3.0
- 1.0 to 2.0
- 0.5 to 1.0
- Under 0.5
- No figure
Highest
- Alcochete6.4
- Grândola6.4
- Vila Nova de Cerveira6.0
- Nazaré6.0
- Câmara de Lobos6.0
Lowest
- Corvo0.0
- Póvoa de Lanhoso0.1
- Góis0.1
- Arronches0.1
- Penamacor0.2
Homes licensed per 1,000 residents a year, 2023–25
- 7.0 and over
- 5.0 to 7.0
- 3.0 to 5.0
- 2.0 to 3.0
- 1.0 to 2.0
- Under 1.0
- No figure
Highest
Lowest
New homes built by companies, 2023–25
- 80.0% and over
- 65.0% to 80.0%
- 50.0% to 65.0%
- 25.0% to 50.0%
- 10.0% to 25.0%
- Under 10.0%
- No figure
Lowest
- Vila Nova de Paiva0.0%
- Tabuaço0.0%
- Sátão0.0%
- São João da Pesqueira0.0%
- Penedono0.0%
Reconstructions per 100 new buildings, 2023–25
- 50.0 and over
- 25.0 to 50.0
- 10.0 to 25.0
- 5.0 to 10.0
- 1.0 to 5.0
- Under 1.0
- No figure
Highest
- Avis100.0
- Monchique80.0
- Barrancos75.0
- Mesão Frio66.7
- Vila Nova de Foz Côa61.9
Empty homes, 2021 census
- 20.0% and over
- 15.0% to 20.0%
- 12.0% to 15.0%
- 10.0% to 12.0%
- 8.0% to 10.0%
- Under 8.0%
- No figure
Residents gained per home finished, 2023–25
- 16.0 and over
- 8.0 to 16.0
- 4.0 to 8.0
- 2.0 to 4.0
- 0.0 to 2.0
- Below zero
- No figure
Highest
- Póvoa de Lanhoso257.8
- Póvoa de Varzim73.5
- Arronches73.0
- Amadora70.9
- Ferreira do Alentejo53.4
Lowest
- Freixo de Espada à Cinta−57.5
- Mesão Frio−38.0
- Marvão−26.0
- Sabugal−23.8
- Vimioso−23.4
Net migration per 1,000 residents, 2025
- 20.0 and over
- 10.0 to 20.0
- 5.0 to 10.0
- 1.0 to 5.0
- −1.0 to 1.0
- −5.0 to −1.0
- Under −5.0
- No figure
Highest
- Porto Santo55.1
- Porto Moniz43.8
- Aguiar da Beira38.8
- Corvo36.9
- Ferreira do Alentejo35.6
Foreign residents, share of population, 2023
- 15.0% and over
- 10.0% to 15.0%
- 6.0% to 10.0%
- 4.0% to 6.0%
- 2.0% to 4.0%
- Under 2.0%
- No figure
Highest
- Vila do Bispo38.0%
- Aljezur34.2%
- Lagos34.2%
- Odemira31.0%
- Albufeira30.9%
Lowest
- Resende0.7%
- Gavião0.8%
- Sabrosa0.9%
- Mesão Frio0.9%
- Figueira de Castelo Rodrigo1.0%
Public housing works per resident a year, 2023–25
- €100 and over
- €50 to €100
- €25 to €50
- €10 to €25
- €1 to €10
- Under €1
- No figure
Highest
- Vila Real de Santo António€665
- Alcanena€555
- Carrazeda de Ansiães€448
- Vila de Rei€380
- Penela€358
Lowest
Districts and islands
Price per m² in the latest month and the change on a year ago.
| District | € per m² | In a year |
|---|---|---|
| Aveiro district | €2,130 | +13.8% |
| Beja district | €1,515 | +12.2% |
| Braga district | €2,046 | +13.9% |
| Bragança district | €869 | +7.0% |
| Castelo Branco district | €1,015 | +10.9% |
| Coimbra district | €1,702 | +13.5% |
| Évora district | €1,814 | +20.3% |
| Faial island | €1,694 | −5.7% |
| Faro district | €4,216 | +7.8% |
| Guarda district | €753 | +20.5% |
| Leiria district | €2,102 | +14.5% |
| Lisboa district | €4,814 | +6.1% |
| Madeira island | €3,754 | +4.8% |
| Pico island | €1,756 | +18.2% |
| Portalegre district | €1,053 | +19.8% |
| Porto district | €3,149 | +5.2% |
| Porto Santo island | €4,142 | +31.7% |
| Santa Maria island | €1,606 | +5.9% |
| Santarém district | €1,718 | +20.4% |
| São Jorge island | €1,495 | +5.2% |
| São Miguel island | €2,392 | +7.7% |
| Setúbal district | €3,490 | +9.9% |
| Terceira island | €1,858 | +24.6% |
| Viana do Castelo district | €1,776 | +11.8% |
| Vila Real district | €1,102 | +11.0% |
| Viseu district | €1,244 | +16.4% |
All 308 municipalities
A to Z, grouped by district. Municipalities without a monthly price still have a page with INE's quarterly and annual figures.
Aveiro district
Beja district
Braga district
Bragança district
Castelo Branco district
Coimbra district
Corvo island
Évora district
Faial island
Faro district
Flores island
Graciosa island
Guarda district
Leiria district
Lisboa district
Madeira island
Pico island
Portalegre district
Porto district
Porto Santo island
Santa Maria island
Santarém district
São Jorge island
São Miguel island
Setúbal district
Terceira island
Viana do Castelo district
Vila Real district
Viseu district
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