The key facts

  • Median housing price in Portugal reached 3,249 euros/m² — a new historic high
  • Annual growth was 7.5%, quarterly growth 1.2%
  • Prices rose in all 20 district capitals and autonomous regions; the strongest increase was in Vila Real (+20.3%)

New record for housing prices

Housing prices in Portugal rose by 7.5% year-on-year in October 2026 and reached a new historic high, reports euronews, citing the idealista price index. At the end of October, the median cost of buying a home stood at 3,249 euros per square meter. On a quarterly basis, prices rose by 1.2%.

Growth across the country

In October, asking prices for homes listed for sale rose in all 20 district capitals and autonomous regions analyzed. The largest annual increases were recorded in Vila Real (20.3%), Guarda (18.4%), Beja (17.6%), Leiria (16.9%) and Faro (15.5%). Notably, the strongest increases occurred not in the largest markets, but in relatively small cities in the interior of the country and the south.

Price disparities between cities and regions

Lisbon remains the most expensive city for buying a home, with a median price of 6,248 euros per square meter. It is followed by Porto and Funchal. The cheapest city remains Castelo Branco, with a median price of 1,119 euros/m² — the gap between the capital and this city exceeds fivefold. The regional picture is similar: the Lisbon Metropolitan Area is the most expensive (4,525 euros/m²), followed by the Algarve and the Autonomous Region of Madeira; the cheapest is the Central Region, with a median price of 1,810 euros/m².