Portugal house prices up 18.4% as sales fall
The median price of homes sold in Portugal rose 18.4% in the second quarter of 2026, while the number of sales fell. Here are the key figures.
Homes in Portugal continue to get more expensive. According to Statistics Portugal (INE), the median price of homes sold rose 18.4% in the second quarter of 2026 compared with the same period a year earlier.
The key figures
- Median price: €2,445 per square metre across the 37,854 homes sold in the quarter.
- Slower growth: the 18.4% increase is a slowdown from 19.8% in the first quarter.
- Fewer sales: the number of transactions fell 9.0% compared with a year earlier.
- Lisbon: still the most expensive municipality, with a median of €5,299 per square metre, although its growth rate slowed.
- Local differences: prices accelerated in 10 of the 24 most populous municipalities, with Loures and Matosinhos recording the largest increases.
What it means for you
For anyone planning to rent or buy in Portugal, these figures are a reminder to start the housing search early, compare areas carefully and budget with a margin.
Source: INE, local housing price statistics for Q2 2026, as reported by Observador (23 October 2026).
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