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Housing valuations rise 17.7%

In September 2025, the median value of housing valuations in Portugal reached €1,995 per square metre, marking a 17.7% increase compared to the same month in 2024. This growth reflects continued strength in the real estate market, with a 4.2% rise in the number of bank valuations compared to August 2025. The Setúbal Peninsula experienced the most significant year-on-year increase at 25.9%.

Where Are House Prices Rising Fastest in Portugal?

In the second quarter of 2025, house prices in Portugal surged, with the national median reaching €2,065 /m². Major municipalities such as Lisbon (€4,865/m²), Cascais (€4,346/m²), Oeiras (€4,161/m²), and Porto (€3,309/m²) recorded strong price levels. A large majority (19 out of 24) of municipalities with over 100,000 inhabitants saw accelerated growth, showing broad-based strength in the housing market.

Median house price rises 19%

The median price of residential properties sold in Portugal during Q2 2025 reached €2,065 per m², marking a 19% increase compared to the same period in 2024. The number of family-home transactions rose by 15.6% year-on-year.

House prices across Europe: Which countries have the highest increases?

Portugal experienced the highest annual increase in house prices among EU countries, with a 17.1% rise in the second quarter of 2025 compared to the same period in 2024. Other countries with notable increases include Bulgaria (15.5%), Hungary (15.1%), Croatia (13.2%), Spain (12.8%), Slovakia (11.3%), and Czechia (10.5%). These figures reflect a strong demand and investor confidence in the European real estate market.

Portugal’s Real Estate Market throughout the year.

Portugal's commercial real estate market experienced a significant rebound in the first half of 2025, with investment volumes reaching €1.26 billion—a 70% increase compared to the same period in 2024. This surge indicates a strong recovery and investor confidence across sectors such as office, retail, and industrial properties.

Portugal Property Prices Double

Portugal's housing market has experienced a remarkable surge, with property prices more than doubling (141%) between 2010 and 2025. In the second quarter of 2025, house prices increased by 17.2% year-on-year, the highest among EU member states. This growth is attributed to factors such as strong demand from international buyers, limited housing supply, and favorable economic conditions. Despite this rapid appreciation, the market remains attractive for investment, offering opportunities in emerging regions and sectors.