Lisbon, Jan. 2, 2026 (Lusa) - The asking prices of houses advertised in Portugal rose 6.8% in December compared to the same month in 2024, according to the price index of Idealista, an online real estate portal for the domestic market.
At the end of December, homes advertised for sale had a median price of €3,019 per square metre, reaching a historic high for the second consecutive month.
This puts the median figure of a 100-square-metre property at €301,900 nationwide.
In terms of quarterly variation, prices rose by 2.6%, according to a statement from Idealista.
Lisbon remains the most expensive city, with a 4.8% increase to €5,995 per square metre, which puts a 100-square-metre apartment at €599,500.
This is followed by the cities of Porto (€3,885/m2), Funchal (€3,861/m2), Faro (€3,435/m2) and Setúbal (€3,010/m2).
Property prices rose in almost all of the 20 regions and autonomous regions of Madeira and the Azores analysed by the Idealista index, with the largest annual variations recorded in Santarém (27.1%), Beja (20%) and Setúbal (17.2%).
More moderate growth in advertised prices was observed in Bragança (5%), Évora (4.9%), Lisbon (4.8%) and Porto (4.8%).
The exception to the price increases was Vila Real, in northern Portugal, with an annual decline of 6.1%.
The upward trend is also evident in all 26 regions and autonomous regions analysed by Idealista.
In the last 12 months, prices rose fastest in the Azores (20.1%), ahead of Madeira (14.6%), Alentejo (14.3%), Centro (10.8%), Algarve (8.8%) and the Lisbon Metropolitan Area (8.6%). In the North, prices remained stable (0.5%).
The highest annual increase, 42.6%, was recorded on the island of Porto Santo (42.6%), followed by the Azores Islands of Faial (29%), the island of São Miguel (20.2%), the island of Terceira (19.9%), Santarém (18.8%) and Setúbal (18.3%).
In terms of prices per square metre, the municipality of Lisbon is also the most expensive, with a housing price of €4,573/m2. Next comes Faro (€3,870/m²), the island of Porto Santo (€3,729/m²), the island of Madeira (€3,715/m²) and Setúbal (€3,195/m²).
At regional level, the Lisbon Metropolitan Area, with a median price of €4,239/m2, remains the most sought-after region for those looking to buy a home. It is followed by the Algarve (€3,870/m2) and the Autonomous Region of Madeira (€3,715/m2).
Idealista's property price index is based on the asking prices (based on square metres built) published by advertisers on the Internet portal. "Atypical advertisements and those with prices out of line with the market are eliminated from the statistics," the statement explains.
"We also include the “individual houses” category (as well as apartments) and discard all advertisements in our database that have not had any interaction from users for some time. The final result is obtained by taking the median of all valid advertisements in each market," it concludes.
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