According to the Local Housing Price statistics published by the National Statistics Institute (INE), during the second quarter of the year, the municipalities of Lisbon (€4,865/m2), Cascais (€4,346/m2), Oeiras (€4,161/m2), Porto (€3,309/m2), Odivelas (€3,219/m2), and Almada (€3,101/m2) had the highest house prices.
In the second quarter, all municipalities with more than 100,000 inhabitants in Greater Lisbon, the Setúbal Peninsula, and the Porto Metropolitan Area, with the exception of Santa Maria da Feira and Gondomar, recorded median housing prices above the national average, which was 2,065 euros per square metre (euros/m2).
Of the 17 municipalities, only six had annual growth rates below the national average (19.0%): Setúbal (18.5%), Matosinhos (17.2%), Odivelas (16.6%), Lisbon (11.4%), Porto (9.2%), and Cascais (8.8%).
Funchal had a median price above the national average (2,928 euros/m2 and 7.2%), although the annual growth rate was lower.
The municipalities of Porto and Lisbon recorded increases of 4.9 percentage points (p.p.) and 4.2 p.p. in the annual variation rates from the first quarter to the second quarter of 2025, respectively.
