The median price of family housing transacted in Portugal increased by 10.3% in 2024 compared to the previous year, being in the 1,777 euros per square meter (m2). Santa Maria da Feira is the cheapest municipality in the country to buy a new house.
The National Institute of Statistics (INE) released this Wednesday the median price of family housing in Portugal in 2024. 10.3% increase in 2023.
According to the Statistical Institute, the median housing price was superior national value in the subregions of the great Lisboa (2.939 €/m2), Algarve (2,752 €/m2), autonomous region of Madeira (€ 2,395/m2), peninsula of Sethubal (2,117 €/m2) and metropolitan area of Porto (1.986 €/m2).
“In the period under analysis, 54 municipalities presented a higher average price than national value, located mostly in the Algarve subregions (14 in 16 municipalities), Greater Lisbon (all nine municipalities), Setúbal Peninsula (eight in nine municipalities) and Porto Metropolitan Area (seven in 17 municipalities),” Detalha.
The Municipality of Lisbon (4,340 €/m2) stood out with the highest price From the country, there are also values exceeding 3,400 €/m2 in Cascais (4,053 €/m2), Oeiras (3,471 €/m2) and lakes (3,452 €/m2).
The INE also notes that the Algarve and the Greater Lisbon presented price differentials between municipalities over 2,200 €/m2.
In 2024, the Municipality of Lisbon registered the largest number of transactions of family housing in the country (8,300), highlighting, with more than 4,500 sales, the municipalities of Sintra (5.817), Vila Nova de Gaia (5.394) e Porto (4.564).
Lisbon also recorded the median price of the highest housingamong the 24 municipalities with more than 100 thousand inhabitants, in both categories of tax domicile of the buyer: 4,238 €/m2 by buyers of the national territory and 5,771 €/m2 by buyers with tax domicile abroad.
Beyond Lisbon, also Cascais and Oeiras registered, at the same time, medium family lodging prices exceeding 3,400 €/m2 In transactions involving buyers with tax domicile in national territory and more than 3,900 €/m2 by buyers abroad.
Last year, 23 of the 24 municipalities with more than 100,000 inhabitants registered medium prices of new housing higher than existing housing prices, being the exception the municipality of Amadorawhere the median price of existing housing was higher at 63 €/m2 to the new (2,493 €/m2 and 2,430 €/m2, respectively).
Amporto has the cheapest municipality
Santa Maria da Feira registered the lowest median price of new accommodation (1,482 €/m2), while the municipalities of Cascais (5,132 €/m2) and Lisbon (5,035 €/m2) recorded the highest values, over 5,000 €/m2.
In turn, Cascais presented the largest differential among prices New housing (5,132 €/m2) and existing (3,872 €/m2), which ascended at 1,260 €/m2, and also distinguished, among municipalities with more than 100 thousand inhabitants, for presenting the highest price in T4 or higher typology (4,585 €/m2).
Already Lisbon registered the highest medium values in the other accommodation typologies considered.
The biggest difference between the median values in the four types of accommodation was in Funchal, between the typologies T0 or T1 (3,279 €/m2) and T4 or higher (2,007 €/m2): 1,272 €/m2.
The number of Family housing transactions in Portugal increased by 34.2% Compared to the same quarter of 2023, with the median housing price increased in the 26 Sub-Regions Nuts III, especially the Autonomous Region of Madeira with the highest growth (54.9%).
