House prices rise again to over €2,000 per square metre

in Business · 10-01-2019 11:17:00 · 0 Comments
House prices rise again to over €2,000 per square metre

The average price of houses in Portugal rose by 6.6 percent during the fourth quarter of last year, with the price per square meter now exceeding the €2,100 mark, according to the Idealista marketplace price index.

Lisbon and Porto are the cities with the most expensive property prices per square meter.
According to the document, all regions saw a quarterly increase in prices, with the biggest being in northern Portugal, followed by the Alentejo and Lisbon.

Braga was the city that saw the highest rise in the quarter, at 12.8 percent, although Lisbon, Porto and Funchal remain the most expensive cities.
Overall, prices rose in 14 districts, among 20 analysed; the ranking of the most expensive districts continues to be led by Lisbon (€3.262/sqm), followed by Faro (€2,064/sqm) and Porto (€1,919/sqm).
The cheapest property prices are in Guarda (€609/sqm), Castelo Branco (€694/sqm) and Bragança where it costs €697/sqm.



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