New construction prices hit record highs in Portugal
Housing prices in Portugal continue to climb, with the average cost of a home reaching 242,399 euros in 2025. While the market for used properties remains dominant, new construction has surpassed 300,000 euros on average, representing a strategic but premium segment of the real estate market.
Portugal’s house prices have risen faster than the EU average since 2020, and recent reports list Portugal among the countries with the largest price increases over that period. That stronger price growth has worsened affordability in Lisbon and Porto in particular, so prospective buyers and renters should check local indices and mortgage costs before deciding.
