In Lisbon, the prices of houses to buy rose 1.2% and in Porto they remained stable in this period.

At the end of February 2023, buying a house in Portugal cost €2,475 per square meter (euros/m2), just 0.3% higher than at the end of January, according to the idealista price index. Regarding the quarterly and annual variation, house prices in Portugal rose by 0.6% and 6%, respectively.

House prices bought in February rose in 12 district capitals, with Viana do Castelo (5.2%), Braga (5.1%), and Guarda (4.6%) leading the list. Followed by Santarém (3.5%), Portalegre (2.5%), Faro (1.7%), Funchal (1.6%), Setúbal (1.6%), Lisbon (1.2%), Castelo Branco (0.9%), Viseu (0.8%) and Ponta Delgada (0.6%).

On the other hand, house prices for sale remained almost stable in Bragança (0.3%), Porto (-0.1%), and Coimbra (-0.3%). And they even went down in Vila Real (-2.9%), Aveiro (-1.5%), Évora (-1.5%), Beja (-1.1%), and Leiria (-1.1%).

Unsurprisingly, Lisbon remains the most expensive city to buy a house: 5,178 euros/m2. Porto (3,274 euros/m2) and Funchal (2,743 euros/m2) occupy the second and third places, respectively. The list of district capitals where buying a house is more expensive in the country follows Faro (2,625 euros/m2), Aveiro (2,495 euros/m2), Setúbal (2,208 euros/m2), Évora (2,016 euros/m2), Ponta Delgada (1,772 euros/m2), Coimbra (1,702 euros/m2), Braga (1,609 euros/m2), Viana do Castelo (1,484 euros/m2), Leiria (1,331 euros/m2) and Viseu (1,288 euros/m2).

The cheapest cities to buy a house in the country are Portalegre (696 euros/m2), Castelo Branco (829 euros/m2), Guarda (833 euros/m2), Bragança (872 euros/m2), Beja (960 euros/ m2), Santarém (1,130 euros/m2) and Vila Real (1,237 euros/m2), reveal the same data.