The Portuguese housing market remains under price pressure, with September 2026 prices being 7,9% higher than last year.
By , in News · 13 Oct 2026, 13:03 · 0 Comments
The average price for a home in Portugal reached €3,228 per square metre in September, as reported by idealista. The same source mentions that the prices were 0.5% higher than three months ago, which suggests that the prices are gradually increasing, although at different paces between regions.
The price extremes
Lisbon is still the most expensive city in the country, with a median price per square metre of €6,256. Lisbon is followed by Porto (€4,346 per square metre), Funchal (€4,066) and Faro (€3,924).
Meanwhile, Castelo Branco remains the most affordable city to buy a house in Portugal, with the square metre costing €1,090.
Strongest increase
Prices have risen sharply in areas outside Portugal's property hotspots. For example, Vila Real recorded a rise of 17,8%, with Leiria and Beja also valuing the prices of their land. In the Portuguese archipelagos, Porto Santo, in Madeira, rose by 31,7%, while Faial, in the Azores, was the only island to record a decline in housing prices.
As a very talkative child, Bruno knew from an early age that communication was his path. When a teacher suggested he should become a journalist, everything clicked. In 2018, aged just 17, he moved to Coimbra to study Journalism and Communication. Bruno has been working at The Portugal News since 2022 and is currently the Editor, and is happy to be part of a media company based where he lived until moving permanently to Coimbra in 2023. His interests include national politics, Portuguese culture and society, and a broad range of current affairs. Outside of work, Bruno loves to travel and considers himself a theatre kid at heart. He is also passionate about music and, at gatherings, will happily take on the role of resident DJ, doing his best to play the greatest 90s R&B hits — with Mariah Carey being a particular favourite. Classic Portuguese literature is another guilty pleasure, with Eça de Queiroz holding a special place among his favourite authors.
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