This trend was also observed in July: housing costs rose 8.5% compared to the same month in 2024, setting the national median price at €2,926 per square metre (€/m2). Compared to the quarterly change, house prices rose 3.9%, according to the idealista price index. This growth is explained by a combination of factors, including the limited housing supply, low interest rates, more attractive mortgage terms, and new homeownership benefits for young people (exemption from IMT on public guarantees).

The increase in home prices for sale in July was observed in the vast majority of the district capitals (or autonomous regions) analysed, with Santarém (24%), Setúbal (20.8%), and Guarda (18.5%) leading the increases.

There was also an increase in housing costs in the home buying and selling market in Ponta Delgada (13.1%), Évora (12.1%), Viana do Castelo (10.7%), Faro (9.6%), Braga (9.1%), Coimbra (9%), Funchal (8.6%), Porto (5.9%), Leiria (5.7%), Viseu (5.6%), Portalegre (4.3%), Castelo Branco (4.2%), Vila Real (3.9%), and Lisbon (3.5%).

In Aveiro (0%), home prices remained virtually stable between July 2025 and the same month last year. On the other hand, in Bragança, prices fell 0.6%.

Most expensive

Lisbon remains the city where it is most expensive to buy a house: €5,829/m2. Porto (€3,804/m2) and Funchal (€3,679/m2) rank second and third, respectively. Next come Faro (€3,264/m2), Setúbal (€2,920/m2), Aveiro (€2,554/m2), Évora (€2,441/m2), Ponta Delgada (€2,244/m2), Braga (€2,089/m2), Coimbra (€2,067/m2), Viana do Castelo (€2,042/m2), and Leiria (€1,621/m2).

On the other hand, the most economical cities to purchase housing in the country are Portalegre (871 euros/m2), Castelo Branco (906 euros/m2), Guarda (957 euros/m2), Bragança (989 euros/m2), Vila Real (1,360 euros/m2), Santarém (1,525 euros/m2) and Viseu (1,537 euros/m2).