House prices in Portugal grew 7.8% in November compared to the same month in 2024, according to the idealista price index.
The median offer value stood at 3,000 euros per square meter at the end of November, a historic high, while the quarterly variation was 1.6%.
The increase was widespread across district capitals and autonomous regions: of the 18 locations analyzed, only Vila Real showed an annual drop (‑1.6%). The biggest increases were recorded in Santarém (27.2%), Beja (26.6%) and Portalegre (23.6%). Among the capitals, Lisbon remained the most expensive market, with 5,914 euros/m2, followed by Porto (3,908 euros/m2) and Funchal (3,864 euros/m2). At the opposite extreme, Guarda had the lowest median price, at 981 euros/m2.
Analysis by districts and islands reveals even more significant variations, with Porto Santo standing out, resulting from an increase of 48.2% in the last 12 months, followed by Faial (33.2%) and Terceira (23.7%). In terms of price per square meter, Lisbon leads the district and island ranking with 4,513 euros/m2, followed by Faro (3,862 euros/m2) and Porto Santo (3,801 euros/m2). Inland districts such as Portalegre and Guarda appear among the most economical (898 euros/m2 and 850 euros/m2, respectively).
By regions, the Azores recorded the biggest annual increase (22%), followed by Alentejo (16.9%) and Madeira (14.5%). The Lisbon Metropolitan Area continues to be the most expensive region to buy a house (4,180 euros/m2), while Centro and Alentejo are among the most affordable.
The idealista price index is based on the offer prices published on the platform, excluding atypical and non-interactive advertisements; includes single-family homes and uses the median of valid listings per market.