Latest news and stories about housing costs in property in Portugal for expats and residents.
Data from the INE reveals that median housing prices in Portugal surged to 2,337 euros per square metre in the first quarter, marking a nearly 20 percent year-on-year increase driven by foreign investment.
In 2023, Portugal ranks among the EU countries with the lowest purchasing power, with its average annual income allowing for the purchase of only 11 baskets of essential goods, significantly less than the 24 baskets that can be afforded by an average Luxembourger. This disparity highlights the economic challenges faced by Portuguese residents, particularly in the context of rising housing costs.
Portugal has experienced significant increases in house prices since 2020, according to data from Pordata. Despite this rise, the country still ranks among those with the lowest purchasing power, with only Greece having higher housing costs relative to income.
The headline of DN on Wednesday, 18 February, highlights that despite an increase in the supply of rental homes, rents continue to rise, particularly in major urban centers where costs exceed one thousand euros. Government measures are anticipated to enhance supply, but their effects are expected to manifest in the medium to long term. The edition also features a report on social media access for young people, an interview commemorating the 40th anniversary of the first heart transplant, discussions on fame in sports, cultural insights into Lídia Jorge's novels, an obituary for civil rights advocate Jesse Jackson, and economic statistics regarding female workers' earnings.
Households with mortgages tied to the six-month Euribor — the most commonly used term — will see their monthly instalments increase in February. The change raises borrowing costs and is likely to squeeze household budgets as loan repayments climb.
The increase reaches nearly 65 euros for a 150,000 euro loan over 30 years.
The median bank valuation for housing reached a new historical peak of 2,228 euros per square metre in June, an increase of 20 euros from the previous month and 16.6% higher than the same month in 2025, according to data released today by the National Statistics Institute (INE).
The Autonomous Region of the Azores was the region where the most significant increase was recorded compared to the previous month
Data from the INE show that the median value of housing in Portugal reached 2,337 euros per square metre. This represents an increase of almost 20 percent compared to the first quarter of last year.
In the first three months of the year, the average price for housing sales in Portugal was 2,337 euros per square metre.
Home News An extra bedroom becomes one of Portugal biggest housing expenses An extra bedroom becomes one of Portugal biggest housing expenses According to new data from property portal Imovirtual, buyers looking to move from a three-bedroom apartment (T3) to a four-bedroom property (T4) can expec
Protecting the environment and building more housing are not incompatible goals. The current absence of an adequate standard does not even protect the environment. On the contrary, it actually makes construction more expensive.
The median value of rents for new contracts fell by 3.3% in the first quarter compared to the previous quarter, according to the INE. This is further data that appears to indicate a cooling of real estate prices.
Demand for housing is expected to cool, according to rating agency DBRS Morningstar, which identifies three contributing factors. However, the available market supply remains insufficient to curb price growth, which is set to continue rising. These are the main conclusions of the agency's report, 'Spain and Portugal: Demand Drivers of Rapid Property Price Growth to Slow, Supply Constraints to Persist,' which examines the housing markets in both Iberian countries. The agency notes that conditions driving demand are losing momentum, citing the temporary nature of government support policies, such as tax exemptions for young people, and an expected slowdown in population growth as immigration flows decrease. Furthermore, deteriorating affordability, particularly in Portugal where house prices have significantly outpaced wage growth over the last decade, is expected to weaken demand. Stricter financing conditions, including the Bank of Portugal's proposal to lower the debt-to-income ratio, and rising interest rates further impact consumer borrowing costs. Meanwhile, supply remains constrained due to low construction levels since the 2008 crash, labor shortages, rising material costs, and bureaucratic hurdles. The report also highlights that foreign buyers and the tourism boom, which has increased short-term rentals, are further exacerbating supply-demand imbalances.
A new all-time high of 2,208 euros per square metre in May represents an increase of 34 euros compared to the previous month and 17.1% relative to the same month in 2025.
The median bank valuation for housing stood at 2,208 euros per square metre in May, 17.1% higher than the same month in 2025. The Oeste e Vale do Tejo and Norte regions recorded the largest increases.
Home News Bank valuation of housing in Portugal hits new record Bank valuation of housing in Portugal hits new record The median value of bank valuations for housing reached a new historical high of €2,208 per square metre in May.
Housing prices more than doubled in 157 municipalities between 2017 and 2025, with the highest increases recorded in the Porto Metropolitan Area, Greater Lisbon, and the Setúbal Peninsula, according to the Bank of Portugal.
In the municipalities of Sintra, Seixal, Barreiro, Moita, and Setúbal, the variation in the median value per square metre of houses sold showed figures exceeding 200% during the period under analysis.
Property prices in Portugal continue to rise, marking the seventh month in a row of record-breaking values.
According to the study, which compiles official data for 2024, about 1.76 million people were at risk of poverty, equivalent to 16.6% of the resident population.
Portuguese and foreign buyers who purchased homes in Portugal last year generally paid more per m2. If they did so in the municipalities of Lisbon and Porto, the trend was more pronounced compared to the national median value, and if they chose the parish of Santo António or Foz, respectively, they paid the highest amount...
The cost of housing increased by 16.8% throughout the previous year.
The average cost of housing increased by 16.8% in 2025, reaching a value of 2,076 euros per square metre.
The three-month rate, which rose to 2.204%, remained below the six-month (2.437%) and 12-month (2.708%) rates.
With Wednesday's changes, the three-month rate, which fell to 2.075%, remained below the six-month (2.488%) and 12-month (2.845%) rates.
The year-on-year increase of 17.2% was lower than the 18.7% recorded in January.
The median bank valuation for housing reached 2,122 euros per square metre, a new record high.
The median bank valuation for housing was 2,122 euros per square metre in February, a new all-time high and 17.2% higher than in the same month of 2025, the National Statistics Institute (INE) announced today.
“The largest supply of rental homes has not stopped the rise in rents” is the headline of DN this Wednesday, 18 February. More homes are entering the rental market, but the cost in major urban centres exceeds, well over, one thousand euros, according to data from the Imovirtual portal. Government measures are expected to boost supply, but the impact will only be felt in the medium to long term. Download below the electronic edition of the newspaper: The photographic highlight features a report that listened to young people and experts about the ban on access to social networks. “But my mother is always glued to her phone,” is the title of the article to read in this edition. Other topics: Interview on the 40th anniversary of the first heart transplant - João Queiroz e Melo: “Medicine cannot be dissociated from the environment and the circular economy”. Sports - When the dream of fame belongs to the children, but also to the parents. Culture - From The Day of the Prodigies to Mercy. The stories behind Lídia Jorge's novels. Obituary - Jesse Jackson (1941-2026): Civil rights advocate who fought to “keep hope alive”. Economy - Only one in five female workers earns more than 1500 euros gross per month. International - Kiev focuses on "practical issues, but Moscow is cutting into “very tense” negotiations. Economy - “The strategic aim for Portugal is to know how to say no,” says António Ramalho.
