How quickly are house prices rising in Portugal?
In Q2 2026, house prices in Portugal rose by 16.5% compared with Q2 2025. According to Eurostat, this was the highest annual increase among EU countries. The euro area average was 4.0%, making Portugal’s annual growth rate around 4.1 times higher.
Bulgaria (+15.5%) and Lithuania (+14.3%) followed. Annual falls were recorded in Finland (−2.7%), Luxembourg (−2.2%) and France (−0.8%).
Eurostat published these figures on 1 October 2026.
Source: Eurostat
How much does property in Portugal cost?
These August 2026 asking-price benchmarks match the map above. The 100 m² column gives an illustrative budget.
| Region | €/m² | 100 m², ≈€ |
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| Greater Lisbon | 4,457 | 446,000 |
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| Greater Porto | 3,076–4,324 | 308,000–432,000 |
|---|
| Algarve | 4,202 | 420,000 |
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| Alentejo | 2,172 | 217,000 |
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| Central Portugal | 1,773 | 177,000 |
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| North | 2,064–2,383 | 206,000–238,000 |
|---|
| Madeira | 3,796 | 380,000 |
|---|
| Azores | 2,080 | 208,000 |
|---|
This is a calculation using the price per square metre, not the average price of a particular apartment. Neighbourhood, condition, views and whether a property is new or resale can make a substantial difference. Greater Porto shows the range for Porto, Matosinhos and Vila Nova de Gaia; the North covers Braga, Guimarães and Famalicão. Taxes and transaction costs are not included.
How do I choose a city and neighbourhood?
Start with a free consultation. We will discuss your everyday week: where you work, how you choose a school, whether you need a car and how much the ocean, sport and city life matter. We will match this with your budget and suggest several neighbourhoods to visit in person.
Where should I start when buying?
With a free consultation and a short briefing. We review your situation, goals, budget, timing and payment plans; if you need a mortgage, we first assess financing options. Then we agree the search criteria, prepare a shortlist and explain which documents your purchase will require.
Can you help me explore mortgage options?
Yes. ARR is a tied credit intermediary registered with Banco de Portugal under no. 0009825. We work with several partner banks: you submit one application, and we send it to suitable banks and compare their offers. We explain interest rates, fees and insurance. Our credit intermediation service is free for the client; the bank makes the final decision.
What costs should I budget for beyond the property price?
Allow for IMT property transfer tax, Imposto do Selo stamp duty, completion and registration costs and, where needed, legal support and mortgage expenses. IMT is calculated individually, depending on value, property use and applicable reliefs. Stamp duty on a purchase is generally 0.8% of the tax base; any exemptions are checked separately. We prepare an estimate for your specific case before completion.
Residential or commercial property for investment?
Look beyond the price: rental demand, running costs, condition and future resale all matter. We compare scenarios for your budget and investment horizon.
Do you help with long-term rentals?
Yes. We clarify your brief, prepare your tenant application, arrange viewings and help agree the contract. Our service fee is one month’s rent, with terms agreed before we start.
Can I buy a property remotely?
Yes, you can buy through a representative acting under a power of attorney. We will help clarify the required powers and documents for your purchase. If you need a mortgage, we will check the bank’s requirements separately.
