Portugal property prices
Short answer. In December 2025, the highest asking prices were in Lisbon (about 5,995 EUR per square meter) and the lowest in Braga (about 2,149 EUR per square meter), a gap of about 179%. These are asking prices from Idealista, shown next to official INE transaction prices where available. Source: Idealista (asking prices, December 2025), with INE transaction data as a cross-check.
Lisbon region, Portugal
Asking price (Idealista). The official INE transaction price for Lisbon was about 4,875 per square meter in 2025, so buyers pay below asking.
Asking price per sqm
EUR5,995 /sqm
Official sold about 4,875 EUR/sqm
up 4.8% over 12 months
Rising See homes in Lisbon See the price dataAs of December 2025
Lisbon region, Portugal
Asking price (agency report citing Idealista). The official INE transaction price for Cascais was about 4,550 per square meter in 2025.
Asking price per sqm
EUR4,800 /sqm
Official sold about 4,550 EUR/sqm
Stable See homes in Cascais See the price dataAs of 2025
Porto, Portugal
Asking price (Idealista). Up to about 4,060 per square meter by February 2026.
Asking price per sqm
EUR3,885 /sqm
up 4.8% over 12 months
Rising See homes in Porto See the price dataAs of December 2025
Madeira, Portugal
Asking price (Idealista). Funchal is consistently the second most expensive city in Portugal for asking prices.
Asking price per sqm
EUR3,861 /sqm
up 9.0% over 12 months
Rising See homes in Funchal See the price dataAs of December 2025
Algarve, Portugal
Asking price (Idealista) for Albufeira, the best known Algarve resort. The Algarve region averaged about 3,870 per square meter.
Asking price per sqm
EUR3,853 /sqm
up 9.7% over 12 months
Rising See homes in Albufeira (Algarve) See the price dataAs of December 2025
Northern Portugal
Asking price (Idealista). The most affordable of these cities, and rising fast.
Asking price per sqm
EUR2,149 /sqm
up 8.8% over 12 months
Rising See homes in Braga See the price dataAs of December 2025
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| City | Asking (EUR/sqm) | Sold (EUR/sqm) | Change, 12 months | Trend |
|---|---|---|---|---|
| Lisbon | 5,995 | 4,875 | +4.8% | Rising |
| Cascais | 4,800 | 4,550 | n/a | Stable |
| Porto | 3,885 | n/a | +4.8% | Rising |
| Funchal | 3,861 | n/a | +9.0% | Rising |
| Albufeira (Algarve) | 3,853 | n/a | +9.7% | Rising |
| Braga | 2,149 | n/a | +8.8% | Rising |
Source: Idealista (asking prices, December 2025), with INE transaction data as a cross-check. https://www.idealista.pt/news/imobiliario/habitacao/2026/01/02/73196-casas-a-venda-em-portugal-preco-sobe-e-atinge-novo-recorde-em-2025
Portugal's official transaction based House Price Index rose about 18.9% over the year to 2025-Q4, with the index at 280.21 (2015 = 100). This is the official trend behind the asking prices above. Source: Eurostat, House Price Index (prc_hpi_q), fetched 2026-06-08. https://ec.europa.eu/eurostat/databrowser/view/prc_hpi_q/default/table?lang=en
Portugal's national house price trend comes from INE (Statistics Portugal) and from Eurostat, both transaction based. INE's Q3 2025 House Price Index was up about 17.7 percent over the year. The per square meter figures here are asking prices from Idealista (December 2025), shown next to official INE transaction prices where the same municipality is available. Asking prices sit above what buyers actually pay.
Lisbon, at about 5,995 EUR per square meter asking in December 2025, followed by Cascais near 4,800. Braga is the most affordable of these cities at about 2,149.
Usually a little less. For Lisbon the official INE transaction price was about 4,875 per square meter against an asking price near 5,995, so there is a real gap between asking and sold.
The per square meter figures are asking prices from Idealista. The official, transaction-based trend comes from INE and Eurostat. INE's national index was up about 17.7 percent over the year to Q3 2025.
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