House prices by municipality in Portugal: September 2026
Lisboa was Portugal’s dearest municipality in September 2026 at €6,256/m² asked, and Pinhel the cheapest at €456/m². Prices rose fastest in Tondela.
Across Portugal, the asking price was €3,228/m² in September 2026, a change of +7.9% in a year. In the 208 municipalities with asking prices for the month, the median one asked €1,785/m², and the dearest asked 14 times what the cheapest did.
Price per m²
- €4,000 and over
- €3,000 to €4,000
- €2,000 to €3,000
- €1,500 to €2,000
- €1,000 to €1,500
- Under €1,000
- No figure for September 2026
The most expensive municipalities
| Municipality | Price per m² | Annual change |
|---|---|---|
| Lisboa | €6,256 | +4.4% |
| Cascais | €6,173 | +4.9% |
| Grândola | €5,520 | +5.5% |
| Loulé | €5,194 | +7.0% |
| Alcácer do Sal | €5,039 | +6.2% |
| Oeiras | €4,880 | +11.1% |
| Lagos | €4,729 | +5.3% |
| Calheta (R.A.M.) | €4,405 | +11.9% |
| Porto | €4,346 | +9.0% |
| Albufeira | €4,194 | +7.6% |
The cheapest municipalities
| Municipality | Price per m² | Annual change |
|---|---|---|
| Pinhel | €456 | +13.4% |
| Penacova | €464 | +10.0% |
| Penamacor | €479 | +25.7% |
| Góis | €486 | +1.2% |
| Mogadouro | €512 | −2.7% |
| Proença-a-Nova | €558 | +12.3% |
| Idanha-a-Nova | €592 | +0.7% |
| Oleiros | €620 | +13.3% |
| Miranda do Corvo | €627 | +8.7% |
| Castanheira de Pêra | €714 | +23.1% |
Where prices rose most
| Municipality | Annual change | Price per m² |
|---|---|---|
| Tondela | +71.5% | €1,547 |
| Abrantes | +46.4% | €1,410 |
| Vila Nova de Poiares | +46.4% | €1,105 |
| Fronteira | +44.6% | €937 |
| Estremoz | +40.6% | €1,347 |
| Vendas Novas | +38.9% | €2,198 |
| Arraiolos | +38.6% | €1,761 |
| Crato | +38.4% | €893 |
| Santo Tirso | +38.3% | €2,069 |
| Mora | +38.1% | €1,664 |
Where prices fell
| Municipality | Annual change | Price per m² |
|---|---|---|
| Alijó | −16.0% | €844 |
| Povoação | −11.6% | €2,159 |
| Ribeira Brava | −9.4% | €3,652 |
| Celorico de Basto | −6.3% | €1,033 |
| Horta | −5.7% | €1,694 |
| Alter do Chão | −5.1% | €783 |
| São Pedro do Sul | −4.7% | €1,023 |
| Vila Pouca de Aguiar | −4.1% | €772 |
| Mogadouro | −2.7% | €512 |
| Valença | −2.3% | €1,297 |
Where there are few listings, a handful of homes is enough to move the average, so the largest changes tend to turn up in the smallest municipalities.
By district and island
| District or island | Price per m² | Annual change |
|---|---|---|
| Lisboa | €4,814 | +6.1% |
| Faro | €4,216 | +7.8% |
| Porto Santo island | €4,142 | +31.7% |
| Madeira island | €3,754 | +4.8% |
| Setúbal | €3,490 | +9.9% |
| Porto | €3,149 | +5.2% |
| São Miguel island | €2,392 | +7.7% |
| Aveiro | €2,130 | +13.8% |
| Leiria | €2,102 | +14.5% |
| Braga | €2,046 | +13.9% |
| Terceira island | €1,858 | +24.6% |
| Évora | €1,814 | +20.3% |
| Viana do Castelo | €1,776 | +11.8% |
| Pico island | €1,756 | +18.2% |
| Santarém | €1,718 | +20.4% |
| Coimbra | €1,702 | +13.5% |
| Faial island | €1,694 | −5.7% |
| Santa Maria island | €1,606 | +5.9% |
| Beja | €1,515 | +12.2% |
| São Jorge island | €1,495 | +5.2% |
| Viseu | €1,244 | +16.4% |
| Vila Real | €1,102 | +11.0% |
| Portalegre | €1,053 | +19.8% |
| Castelo Branco | €1,015 | +10.9% |
| Bragança | €869 | +7.0% |
| Guarda | €753 | +20.5% |
Prices and new homes
The ten dearest municipalities, with the homes they finished and the share standing empty in the 2021 census. In the median municipality, 1.5 homes were finished per 1,000 residents a year over 2023–25, and 13.1% of homes stood empty.
| Municipality | Price per m² | Homes finished per 1,000 residents a year | Empty homes, 2021 |
|---|---|---|---|
| Lisboa | €6,256 | 0.4 | 14.9% |
| Cascais | €6,173 | 2.1 | 10.1% |
| Grândola | €5,520 | 6.4 | 13.5% |
| Loulé | €5,194 | 2.2 | 12.5% |
| Alcácer do Sal | €5,039 | 2.5 | 19.5% |
| Oeiras | €4,880 | 2.7 | 9.6% |
| Lagos | €4,729 | 5.2 | 10.3% |
| Calheta (R.A.M.) | €4,405 | 3.7 | 18.7% |
| Porto | €4,346 | 4.8 | 15.2% |
| Albufeira | €4,194 | 1.7 | 13.3% |
These are asking prices from listings, not sale prices, and only municipalities that have them are ranked. Every municipality has its own page in the housing market section, with the full series and INE’s bank appraisals.
