All regions in Portugal saw price increases in annual terms with the exception of Alentejo where they fell by 0.4 percent.
Highlighted in the Idealista list was the Northern Region and Lisbon Metropolitan Area, which saw both prices grow 14.7 percent. This was followed by the Autonomous Region of Madeira (8.1 percent), Algarve (7.3 percent), the Autonomous Region of the Azores (1.9 percent) and Centro (1.6 percent).
Lisbon Metropolitan Area with €2,941 per m2 remains the most expensive region, followed by the Algarve where it costs €2,209 per m2, the North (€1,658 per m2) and Madeira (€1,556 per m2). At the opposite side of the table with the cheapest regions are, in this order, the Autonomous Region of the Azores (€918 per m2), Alentejo (€1,017 per m2) and Centre (€1,045 per m2).
Prices rose in 20 districts - out of 23 analysed, including the islands of Madeira and the Azores - with the largest cost increases in 2019 taking place in Porto (16 percent), Setúbal (15.6 percent), Bragança (12.7 percent), Porto Santo Island (12.4 percent) and Lisbon (11.5 percent). In the case of Coimbra, the increase in the last year was 8.3 percent.
On the other hand, housing prices fell in Portalegre (-18 percent), Santarém (-3.6 percent) and Viana do Castelo (-1.5 percent).
The ranking of the most expensive districts continues to be led by Lisbon (€3,276 per m2), followed by Faro (€2,209 per m2) and Porto (€1,918 per m2). The cheapest prices are to be found in Portalegre (€635 per m2), Guarda (€673 per m2) and Castelo Branco (€683 per m2).
Prices rose in 17 district capitals of the country, with Aveiro (22.5 percent) topping the list. This is followed by Setúbal (19.9 percent), Ponta Delgada (13.5 percent), Braga (13.1 percent) and Coimbra (11.6 percent). In Lisbon and Porto the increase was 10.4 percent and 6 percent, respectively.