Portugal: House Price Index up 1.0 Percent

House prices in Portugal increased by 1% in the third quarter of 2020 over the previous quarter and are currently at 2,090 euros per square meter. 


According to data provided by Idealista, the regions where prices increase every quarter are the Central Region (4.4%), the Autonomous Region of Madeira (2.5%), the Algarve (2.1%) and the North (1.3%). In contrast, prices in the Azores Autonomous Region (-4.5%), Lisbon City (-1.4%) and Alentejo (-0.2%) fell. 

The Lisbon Metropolitan Area remains the most expensive area at 2,954 Euros per square meter, followed by the Algarve (2,343 Euros per square meter), the North (1,787 Euros per square meter) and the Autonomous Region of Madeira (1,595 Euros per square meter). At the other end of the price range, the Azores Autonomous Region (997 euros per square meter), Alentejo (1,029 euros per square meter) and the center (1,083 euros per square meter) are the cheapest areas.

Lisbon (3,268 euros/sqm) followed closely, followed by Faro (2,343 euros/sqm) and Porto (2,087 euros/sqm). The cheapest prices are in Portalegre (634 Euros per square meter), Guarda (644 Euros per square meter), Castelo Branco (695 Euros per square meter) and Bragança (775 Euros per square meter). 


Lisbon is still the most expensive city to buy a house, at 4,614 euros per square meter. Porto (2,895 euros per square meter) and Faro (1,949 euros per square meter) ranked second and third respectively. 


 

Leave a Reply

Your email address will not be published. Required fields are marked *

Bus Holiday Travel

Low cost bus travel from just €5

  Benefit from comfortable, low-cost European bus travel Jump on board one of our green buses and travel throughout Europe. Choose your route from our extensive network; with over 400,000 daily connections to over 2,500 destinations in 35 European countries, you really can explore Europe! Planning a backpacking trip in Europe? Want to go on […]

Read More
Covid-19 Portugal Social issues

Covid: Portugal has 90.3 cases per 100K inhabitants

  According to a joint announcement by the General Administration of Health (DGS) and INSA, Portugal has 90.3 SARS-CoV-2 cases per 100,000 inhabitants, and its transmission index (Rt) is 0.84.    As stated by official data, the incidence rate was 79.1 cases per 100,000 inhabitants, and the Rt was 0.80 when analyzed in mainland Portugal […]

Read More
Greece Italy Lifestyle

Is it true that Greeks invented Pizza before Italians?

  Historical evidence shows that the Greeks ate a flat bread called πλακούς (plakous), or “flat” bread, topped with olive oil, herbs, onions, cheese, and garlic, and baked in a tandoor.    Greek pizza adapted by the Romans who naturally adopted the idea of baking speckled bread in the oven after putting the ingredients of […]

Read More