The property prices in Portugal have been stabilized for the month of October as compared to last month. Prices of houses rose in 8 major district capitals while stabilizing in 2 major cities.
House Prices Stabilized This Month
Portugal is a dream location to spend the rest of your life. The scenic views with beautiful landscapes make this country one of the best destinations to live in. However, there has been an increase in the price of property for the last few months. These prices have now been stabilized in the month of October. Idealista website has shared data where they have shown the prices in Porto and Lisbon to decrease as compared to before.
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The property prices have been reduced by 0.1% compared to the previous months. The median cost for buying a house was 2,733 Euros per square meter. These prices have stabilized by the end of October. The overall increase in the prices of Portugal was 9.4% per annum.
House Prices Rise In 8 District Capitals
Out of the 20 Portuguese capitals, the prices of houses rose in 8 of these capitals. These prices increased in the month of October. The most sudden rise has been observed in Faro, Santarém, and Vila Real. It was more expensive to buy a house this month compared to last month in these areas. The following district capitals have seen a rise in prices:
- Faro (4.1 %)
- Santarém (2.7 %)
- Vila Real (2.1 %)
- Guarda (1.8 %)
- Ponta Delgada (1.7 %)
- Beja (1.6 %)
- Coimbra (1.3 %)
- Évora (1.1 %)
House Prices Stable In Nine Cities
The prices of property were stable in some of the other cities in Portugal. There were 9 cities whose property values were stable. These cities are as follows:
- Porto (0.5 %)
- Leiria (0.5 %)
- Setúbal (0.4 %)
- Funchal (0.3 %)
- Viseu (0 %)
- Braga (0 %)
- Castelo Branco (-0.1 %)
- Bragança (-0.2 %)
- Lisbon (-0.3 %)
- Portalegre (-3.8 %)
- Aveiro (-2.9 %)
- Viana do Castelo (-0.8 %)
Most Expenses Houses To Buy
- Lisbon: 5,655 Euros per Square Meter
- Porto: 3,684 Euros per Square Meter
- Funchal: 3483 Euros per Square Meter
- Faro: 3,143 Euros per Square Meter
- Setúbal: 2,486 Euros per Square Meter
- Aveiro: 2,481 Euros per Square Meter
- Évora: 2,253 Euros per Square Meter
- Ponta Delgada: 2,099 Euros per Square Meter
- Coimbra: 2,002 Euros per Square Meter
- Braga: 1,926 Euros per Square Meter
- Viana do Castelo: 1,867 Euros per Square Meter
- Leiria: 1,574 Euros per Square Meter
- Viseu: 1,523 Euros per Square Meter
Summary: Most Economical Cities For Property
- Portalegre: 808 Euros per Square Meter
- Guarda: 831 Euros per Square Meter
- Castelo Branco: 884 Euros per Square Meter
- Bragança: 1,014 Euros per Square Meter
- Beja: 1,015 Euros per Square Meter
- Santarém: 1,295 Euros per Square Meter
- Vila Real: 1,347 Euros per Square Meter
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