Housing prices accelerated in 19 out of 24 municipalities with over 100,000 inhabitants during the second quarter, with Vila Nova de Gaia and Coimbra leading the increases, reported the INE.
According to the Housing Price Statistics at Local Level released by the National Institute of Statistics (INE), in the second quarter, the municipalities of Lisbon (4,865 euros/m2), Cascais (4,346 euros/m2), Oeiras (4,161 euros/m2), Porto (3,309 euros/m2), Odivelas (3,219 euros/m2), and Almada (3,101 euros/m2) recorded the highest housing prices.
In the second quarter, all municipalities with over 100,000 inhabitants in Greater Lisbon, Setúbal Peninsula, and the Metropolitan Area of Porto, except for Santa Maria da Feira and Gondomar, registered median housing prices higher than the national value, set at 2,065 euros per square meter (euros/m2).
Out of the 17 municipalities, only six recorded year-on-year variation rates below the national rate (19.0%): Setúbal (18.5%), Matosinhos (17.2%), Odivelas (16.6%), Lisbon (11.4%), Porto (9.2%), and Cascais (8.8%).
Funchal showed a median price above the national reference (2,928 euros/m2 and 7.2%), even though the year-on-year variation rate was lower.
The municipalities of Porto and Lisbon saw increases of 4.9 percentage points (p.p.) and 4.2 p.p. in year-on-year variation rates from the first to the second quarter of 2025, respectively.
