This value represented a growth of 5.6% in relation to the first quarter and an acceleration of the annual variation in relation to the 5.0% between January and March.

In the period under analysis, the median house price increased, compared to the same period last year, in 21 of the 26 NUTS III sub-regions, with INE highlighting Viseu Dão Lafões as the biggest growth (17.2%).

Greater Lisbon, Algarve, Autonomous Region of Madeira, Península de Setúbal and Porto Metropolitan Area were the five sub-regions with the highest median housing prices and “also presented the highest values ​​in both categories of buyer's tax domicile (territory national and foreign)”.

Foreign buyers

Particularly in Greater Lisbon and the Porto Metropolitan Area, the median price of transactions carried out per square meter by buyers with tax domicile abroad exceeded, respectively by 80.4% and 53.4%, the price of transactions by buyers with domicile tax in national territory.

In the period under analysis, the median value of family homes transacted in Portugal that involved buyers with tax domicile abroad rose 1.9% year-on-year, to 2,454 euros per square meter, which compares with the median of 1,702 euros per square meter in transactions involving buyers with national tax domicile (up 7.2%).

Most expensive

Between April and June, Greater Lisbon (2,801 euros per square meter), the Algarve (2,735), the Autonomous Region of Madeira (2,080), the Setúbal Peninsula (2,048) and the Porto Metropolitan Area (1,957) “recorded prices of housing higher than those in the country”, with, among these, only Algarve (5.9%) and Greater Lisbon (1.4%) recording annual change rates lower than the national rate.

In the second quarter, and contrasting with the evolution of Viseu Dão Lafões, the Douro region recorded the biggest year-on-year decrease in housing prices (5.6%), while Beira Baixa had the lowest median sales price for family accommodation, with 562 euros per square meter.

In the same period, all municipalities with more than 100 thousand inhabitants in Greater Lisbon, Setúbal Peninsula and Porto Metropolitan Area, with the exception of Santa Maria da Feira and Gondomar, “recorded median housing prices higher than the national value (1,736 euros per square meter)”.

In the second quarter of 2024, there was an acceleration in house prices in 12 of the 24 municipalities with more than 100,000 inhabitants (14 in the first quarter of 2024), with Barcelos showing the biggest increase, of 16.6 percentage points, contrasting with the biggest decreases in the annual rate of change, which occurred in Matosinhos (-17.6 points) and Coimbra (-15.9 points).