Buying a house in Portugal continues to be difficult, but the scenario is not uniform throughout the territory. In 2025, there were municipalities where housing prices fell clearly, with drops reaching 15%, opening space for a more refined reading of the market and away from the idea that the entire country is becoming more expensive at the same rate.
According to Idealista, a website specializing in residential real estate and price analysis of the housing market, the biggest drops were recorded outside large urban centers, especially in inland municipalities. The most significant case appears in Golegã, in the district of Santarém, where the average price per square meter fell by 15.3%, standing at 1,083 euros. It is the biggest drop recorded at national level in the last year.
Close behind is Pampilhosa da Serra, in the interior of the district of Coimbra, with a drop of 12.3%. Buying a house in this municipality now costs, on average, around 477 euros per square meter. In Pombal, in the district of Leiria, the decline was 8%, with average values now standing at 1,162 euros.
Interior and Alentejo concentrate the most significant declines
The list of municipalities where prices fell the most is dominated by inland territories, particularly the Center region. In Gouveia, in the Guarda district, prices fell by 4.7%, to 594 euros per square meter. In Penacova, in the district of Coimbra, the reduction was 3.1%, with values close to 500 euros, while in Tábua the drop was 2.1%, to 665 euros.
Alentejo also stands out. In Borba and Portel, both in the Évora district, prices fell by 5.3%, standing at 875 and 758 euros per square meter, respectively. In Avis, in the Portalegre district, the drop was 3.2%, with a square meter costing around 683 euros.
In the Algarve, a region usually associated with high prices, there are also corrections. In Alcoutim, prices fell by 6.7%, falling to 1,081 euros per square meter, in a municipality where demand remains more limited.
To the north, the variations were less pronounced, but still visible. In Melgaço, in the district of Viana do Castelo, prices fell 1.8%, to 544 euros per square meter. Vila Real recorded a drop of 1.6%, standing at 1,343 euros, while Vizela, in the district of Braga, showed a reduction of 1.4%, with average prices of 1,425 euros.
The survey also identifies the cheapest municipalities to buy a house in each district and in the archipelagos. Pampilhosa da Serra appears as the most economical in Coimbra, Nisa leads in Portalegre and Sabugal in the district of Guarda.
In the most pressured districts, such as Lisbon and Porto, minimum values remain high, with Cadaval and Baião standing out as the least expensive options within these territories. On the islands, Santana, in Madeira, and Lajes do Pico, in the Azores, have the lowest average prices.
According to , this data reveals an increasingly fragmented market, where location matters more than ever in price formation.
In a context of high interest rates and greater containment in housing credit, corrections appear mainly where demand is most fragile, redrawing, albeit discreetly, the map of access to housing in Portugal.
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