What are the house prices in Portugal by city, municipality & parish? - Portugal Business News
Portugal real estate news - These are the house prices in Portugal by city, municipality, and parish in 2023 - 2024 according to the latest data published on October 25th, 2023, by the national statistics office.
What is the average house price in Portugal in 2023?
The average house price in Portugal in 2023 is around EUR 1,629/m2.
The average house price in Portugal in 2023 in the case of foreign buyers who are not tax residents is EUR 2,409/m2 that is a +5.1% increase compared to 2022. The average house price in Portugal in 2023 in the case of Portuguese buyers is EUR 1,588/m2 that is a +8.7% increase compared to 2022.
What is the difference in the average house price in Portugal between 2022 and 2023?
The difference in the average house price in Portugal between 2022 and 2023 is around +9.0% compared to the 2nd quarter of 2022.
In the Lisbon and Porto metropolitan areas, the average house price per square meter for foreign buyers who are not tax residents has increased by +61.3%, while the average house price per square meter for Portuguese buyers has increased by +91.6%.
What are the regions in Portugal with the highest average house prices per square meter?
What are the regions in Portugal with the highest average house prices per square meter? - Portugal Business News
These are the 7 most expensive regions in Portugal with the highest average house prices:
1- Algarve
The average house price in the Algarve in 2023 is EUR 2,583/m2 that is a +9.5% increase compared to 2022.
The average house price in Portugal in 2023 in the case of foreign buyers who are not tax residents is EUR 3,119/m2 and in the case of Portuguese buyers it is EUR 2,458/m2.
2- Lisbon Metropolitan Area
The average house price in the Lisbon Metropolitan Area in 2023 is EUR 2,306/m2 that is an +11.1% increase compared to 2022.
The average house price in Portugal in 2023 in the case of foreign buyers who are not tax residents is EUR 4,320 €/m2 and in the case of Portuguese buyers it is EUR 2,255/m2.
3- Madeira Island
The average house price in Madeira in 2023 is EUR 1,916/m2 that is a +24.9% increase compared to 2022.
The average house price in Madeira in 2023 in the case of foreign buyers who are not tax residents is EUR 2,413/m2 and in the case of Portuguese buyers it is EUR 1,843/m2.
The difference in the average house price in Madeira Island between 2022 and 2023 is +24.9%.
4- Porto Metropolitan Area
The average house price in the Porto Metropolitan Area is EUR 1,802/m2 that is a +14.3% increase compared to 2022.
The average house price in Porto in 2023 in the case of foreign buyers who are not tax residents is EUR 2,860/m2 and in the case of Portuguese buyers it is EUR 1,773/m2.
5- Central Alentejo region
The average house price in the Central Alentejo region in the case of foreign buyers who are not tax residents is EUR 2,266/m2 and in the case of Portuguese buyers it is EUR 905/m2 that is a +150.4% increase compared to 2022.
6- Middle Tagus region – Tomar, Santarém
The increase in the average house price in Tomar, in the district of Santarém in Central Portugal is +15.7% between 2022 and 2023.
7- Coimbra
The average house price in Coimbra is EUR 1,812/m2.
What are the most expensive municipalities & parishes in Lisbon?
Municipalities with more than 100,000 inhabitants have average house prices that are higher than the national average of EUR 1,629/m2. The Lisbon Metropolitan Area and the Algarve have the highest price differentials between municipalities since house prices differences between municipalities and parishes are higher than EUR 2 000/m2.
These are the 10 most expensive municipalities & parishes in Lisbon:
1- Santo António - EUR 5,990/m2
2- Marvila - EUR 5,330/m2
3- Parque das Nações - EUR 5,013/m2
4- Misericórdia - EUR 5,000/m2
5- Lisbon central metropolitan area - EUR 4,275/m2
6- Cascais - EUR 3,902/m2
7- Oeiras - EUR 3,166/m2
8- Loulé - EUR 3,077/m2
9- Matosinhos - house prices are +19.6% more compared to 2022
10- Loures - house prices are +14.9% more compared to 2022
What are the regions in Portugal with the biggest drop in house prices in 2023?
These are the cheapest regions in Portugal with the biggest drop in house prices in 2023:
1- Viseu in Central Portugal has registered a -12.9% decrease in house prices in 2023 compared to 2022.
2- Beja in the Baixo Alentejo region has registered a -10.9% decrease in house prices in 2023 compared to 2022.
3- Beira Baixa in Central Portugal has registered a -8.6% decrease in house prices in 2023 compared to 2022.
4- Beiras and Serra da Estrela in Central Portugal has registered a -6.4% decrease in house prices in 2023 compared to 2022.
5- Alto Tâmega in northern Portugal has registered a -5.4% decrease in house prices in 2023 compared to 2022.
6- Bragança in the Terras de Trás-os-Montes region in north-eastern Portugal has registered a -3.6% decrease in house prices in 2023 compared to 2022.
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