New all-time high last month. Now, buying a house in Portugal costs 3,047 euros/m² – the highest price ever.
It was no longer a good time to buy a house in Portugal, before January 2026. But the new numbers do not bring hope to those who want to move forward with this investment now; on the contrary.
Idealista’s numbers, shared this Monday with ZAP, show that house prices in Portugal rose 13.1% in Januarycompared to January last year. An increase of 2.6%, if we look at the quarterly balance sheet (comparing to October 2025).
Now, buying a house had an average cost of 3,047 euros per square meter (euros/m²). And the highest value ever. In fact, it is the third month in a row in which a record has been reached. In quarterly terms, prices increased by 2.6%.
The biggest annual increase was seen in Guard (22.2%), followed by Beja (21.9%) and Santarém (21.6%). Leiria (9.9%), Porto (9.3%) and Bragança (7%) showed more moderate increases.
There was only one district capital that escaped the annual increases: Vila Real, where the prices went down 5.2% compared to January last year.
In absolute (median) values, the capital continues to be the most expensive city: in Lisboa a house costs 6,065 euros/m². Porto (3,940 euros/m2) and Funchal (3,901 euros/m²) follow.
Guarda (1,032 euros/m²), Castelo Branco (987 euros/m2) and, finally, Portalegre (963 euros/m2) occupy the podium of the cheapest district capitals to buy a house.
Over the past 12 months, prices of homes for sale have risen in every region of the country. The biggest annual increase was recorded in Azores (19.8%), followed by Alentejo (19.2%) and Madeira (16.8%). It was in the North that the increase was more moderate (9.6%).
A Lisbon Metropolitan Area continues to be the most expensive region to buy a house: median price of 4,322 euros/m2. The Center, with a median price of 1,734 euros/m², continues to be the cheapest region to buy a house.
