House prices in Portugal registered an increase of 8.7% in October 2025, compared to the same month the previous year, according to the idealista price index.
At the end of October, the average cost of buying a house stood at 2,970 euros per square meter (euros/m²), with a quarterly variation of 1.5%.
In all 19 district capitals and autonomous regions analyzed, house prices also rose.
Beja led the biggest annual increases, with an increase of 30.6%, followed by Santarém (27.8%) and Portalegre (24.1%). Other cities with significant increases include Guarda (21.0%), Setúbal (19.2%), and Ponta Delgada (12.6%).
Lisbon continues to be the most expensive city to buy a house, with prices reaching 5,886 euros/m². Funchal and Porto occupy second and third place, with 3,907 euros/m² and 3,844 euros/m², respectively.
Analyzing the districts and islands, the biggest price increases were observed on the island of Porto Santo (29.9%) and on the island of Terceira (21.5%). In Bragança, however, there was a 3.2% drop in prices.
The ranking of the most expensive districts for buying a house is led by Lisbon (4,487 euros/m²), followed by Faro (3,849 euros/m²) and the island of Madeira (3,693 euros/m²). On the other hand, the lowest prices are in Viseu (1,252 euros/m²) and Vila Real (1,088 euros/m²).
Over the last 12 months, all regions of Portugal have seen increases in house prices. The Autonomous Region of the Azores leads with an annual increase of 20.8%, followed by Alentejo (18.7%) and the Autonomous Region of Madeira (15.6%).
The Lisbon Metropolitan Area, with an average price of 4,151 euros/m², continues to be the most expensive region, while the Center is one of the most affordable regions, with prices starting at 1,651 euros/m².