In October, Portuguese house prices continued their upward trajectory, climbing 7.5% compared with the same month last year and setting a new record high.
The idealista price index (source in Portuguese) reports that the median cost of buying a home was €3,249 per square metre at the end of October.
On a quarterly basis, prices increased by 1.2%.
According to the index, asking prices rose across all 20 district capitals and autonomous regions analysed. The largest annual increases were recorded in Vila Real (20.3%), Guarda (18.4%), Beja (17.6%), Leiria (16.9%) and Faro (15.5%).
Lisbon remains the most expensive city, with a median price per square metre of €6,248, followed by Porto and Funchal. At the opposite end, Castelo Branco is the most affordable, averaging €1,119 per square metre.
Regionally, the Lisbon Metropolitan Area continues to lead with a median price of €4,525 per square metre, followed by the Algarve and the Autonomous Region of Madeira. The Centre region remains the cheapest, with a median price of €1,810 per square metre.
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