Houses for sale in Portugal continue to become more expensive (albeit at a slower pace), further exacerbating the housing affordability problem that currently plagues the country.
The idealista price index reveals that house prices in Portugal increased by 2.8% in the second quarter of the year compared to the previous quarter, a trend that set the median cost of housing at 2,683 euros per square meter (euro/m2) at the end of June.
This scenario is visible in almost all of Portugal, as houses became more expensive in 18 county seats between April and June, with Ponta Delgada leading the increase (8%). Houses also became more expensive in Lisbon (1.3%) and Porto (0.9%). In relation to the annual change, house prices in the country increased by 7%.
Analyzing the 19 district capitals with representative samples, it turns out that house prices increased in 18 cities, with Ponta Delgada (8%) leading the increases. They are followed by Viseu (5.6%), Bragança (4.7%), Santarém (4.5%), Leiria (4.5%), Setúbal (3.9%), Funchal (3.9%), Beja (3.9%), Guarda (3.8%), Évora (3.5%), Faro (1.5%), Faro (1.8%), Aveiro (1.5%), Castelo Branco (1.4%), Lisbon (1.3%), Porto (0.9%), Vila Real (0.8%), Portalegre (0.6%) and Coimbra (0.6%).
On the other hand, prices fell by 4.3% in Viana do Castelo, the only county seat where houses for sale became cheaper in the second quarter of the year.
Lisbon continues to be the city where it is most expensive to buy a house: 5,642 euros per square meter (euro/m2). Porto (3,578 euros/m2) and Funchal (3,388 euros/m2) occupy the second and third place respectively. They are followed by Faro (2,979 euros/m2), Aveiro (2,534 euros/m2), Setúbal (2,391 euros/m2), Évora (2,162 euros/m2), Ponta Delgada (1,932 euros/m2), Coimbra (1,878 euros/m2), Viana (3,578 euros/m2) and Funchal (3,388 euros/m2),878 euros/m2), Viana do Castelo (1,804 euros/m2), Viseu (1,534 euros/m2), Leiria (1,520 euros/m2), Vila Real (1,268 euros/m2) and Santarém (1,254 euros/m2).
The cheapest cities to buy a house are Guarda (802 euros/m2), Portalegre (805 euros/m2), Castelo Branco (908 euros/m2), Beja (944 euros/m2), Bragança (975 euros/m2).
Analyzing the districts and islands, the largest increases in house prices to buy were in Braga (9.1%), São Miguel Island (8.4%), Pico Island (6.1%), Madeira Island (4.8%), Terceira Island (9.5%).8%), Terceira Island (4.3%), Castelo Branco (4.2%), Santarém (3.1%), Setúbal (3.1%), Porto (2.9%), Viseu (2.5%), São Jorge Island (2.5%), Évora (2.3%), Lisbon (2.2%) and Portalegre (2.1%). With price increases of less than 2% are Leira (1.7%), Faro (1.6%), Beja (1.3%), Aveiro (1.3%) and Vila Real (1.1%).
Of the 26 districts and islands analyzed, housing for sale became cheaper only in four territories, namely Viana do Castelo (-3.8%), Guarda (-3.6%), Faial Island (-2.9%) and Porto Santo Island (-1.2%). In Bragança (0.4%), Santa Maria Island (0.3%) and Coimbra (-0.1%) house prices remained stable during this period.
The ranking of the most expensive districts to buy a house is led by Lisbon (4,096 euros/m2), followed by Faro (3,373 euros/m2), Madeira Island (3,107 euros/m2), Porto (2,656 euros/m2), Setúbal (2,548 euros/m2), Porto Santo Island (2,247 euros/m2), São Miguel Island (1,767 euros/m2), Aveiro (1,709 euros/m2), Braga (1,659 euros/m2), Leiria (1,631 euros/m2), Picoia (1,631 euros/m2) and Coimbra (-0.1%),631 euros/m2), Pico Island (1,458 euros/m2), Santa Maria Island (1,418 euros/m2), Coimbra (1,409 euros/m2), Viana do Castelo (1,381 euros/m2), euro/m2), Évora (1,303 euro/m2), Faial Island (1,276 euro/m2), São Jorge Island (1,249 euro/m2), Terceira Island (1,224 euro/m2) and Santarém (1,171 euro/m2).
The cheapest prices for buying a house are in Guarda (683 euros/m2), Portalegre (733 euros/m2), Castelo Branco (867 euros/m2), Bragança (880 euros/m2), Vila Real (983 euros/m2), Beja (1,085 euros/m2) and Viseu (1,121 euros/m2).
