Property prices in Portugal
The price per square metre is quoted as two different figures, and confusing them can be costly. The first is what buyers actually paid: the statistics office calculates it from real contracts, but it is published about six months behind. The second is the asking price in listings: more up to date, but always higher than the price agreed once the haggling is over.
Bought€2,445per m², all of Portugal, Q2 2026
Over a year+18.4%since Q2 2025
By area: what buyers pay
| Area | Q2 2026 | A year ago | Change |
|---|---|---|---|
| Lisbon municipality | €5,299 | €4,865 | +8.9% |
| Cascais municipality | €5,200 | €4,346 | +19.7% |
| Oeiras municipality | €4,704 | €4,161 | +13.0% |
| Porto municipality | €3,846 | €3,309 | +16.2% |
| Funchal municipality | €3,636 | €2,928 | +24.2% |
| The whole Algarve | €3,500 | €3,123 | +12.1% |
| Sintra municipality | €3,333 | €2,675 | +24.6% |
| Mafra municipality, with Ericeira | €3,146 | €2,878 | +9.3% |
| Setúbal municipality | €2,899 | €2,366 | +22.5% |
| All of Portugal | €2,445 | €2,065 | +18.4% |
| Braga municipality | €2,417 | €1,987 | +21.6% |
| Coimbra municipality | €2,401 | €2,028 | +18.4% |
| Aveiro region (INE does not count it by municipality) | €1,851 | €1,585 | +16.8% |
Median of actual sales, euros per square metre. Source: INE, Statistics Portugal, indicator 0012239 — indicator page. Updated quarterly.
And what sellers ask in listings
| Area | Asking per m² | Listings |
|---|---|---|
| Lisbon | €6,640 | 150 |
| Cascais | €6,419 | 150 |
| Oeiras | €5,307 | 150 |
| Porto | €4,728 | 150 |
| Madeira (Funchal) | €4,315 | 150 |
| Algarve — the whole Faro district | €4,165 | 150 |
| Sintra | €3,840 | 150 |
| Setúbal | €3,427 | 150 |
| Mafra and Ericeira (the whole municipality) | €3,326 | 150 |
| Aveiro | €3,120 | 150 |
| Coimbra | €2,839 | 150 |
| Braga | €2,227 | 150 |
Prices from Idealista listings, collected on 22 August 2026. These are asking prices: the price usually drops before a sale goes through, which is why a square metre comes out cheaper in the sales statistics.