Buying a house in Portugal?

Places where prices have risen the most. Leiria (2%), Santarém (1.9%) and Lisbon (1.4%) led the price rises.

House prices in Portugal rose 0.8% in January compared to the previous month to 2,582 euros per square meter (euros/m2), according to the Idealist price index released this Wednesday. Leiria (2%), Santarém (1.9%) and Lisbon (1.4%) led the price rises.

“This is a scenario that can be seen almost everywhere in Portugal, as houses became more expensive in nine district capitals between December and January, with Leiria leading the way (2%). In terms of annual variation, house prices in Portugal rose by 6%,” reads a statement to which Notícias ao Minuto had access.

The data shows that Lisbon continues to be the city where it is most expensive to buy a house: 5,516 euros/m2. Porto (3,494 euros/m2) and Funchal (3,228 euros/m2) are in second and third place, respectively.

“They are followed by Faro (2,920 euros/m2), Aveiro (2,506 euros/m2), Setúbal (2,268 euros/m2), Évora (2,010 euros/m2), Viana do Castelo (1,884 euros/m2), Ponta Delgada (1,881 euros/m2), Coimbra (1,839 euros/m2), Braga (1,776 euros/m2), Leiria (1,442 euros/m2) and Viseu (1,410 euros/m2). The cheapest cities are Guarda (784 euros/m2), Castelo Branco (867 euros/m2), Bragança (924 euros/m2), Beja (929 euros/m2) and Santarém (1,208 euros/m2),” the same note states.