Portugal house prices reach record high following October surge

House prices in Portugal reached a new record high in October 2026 after rising by 7.5 percent compared to the same month last year, Euronews reported. Data from the Idealista price index shows that buying a home cost a median value of 3,249 euros per square metre at the end of October. On a quarterly basis, residential property prices grew by 1.2 percent. [1]

Asking prices for properties put up for sale increased across all 20 district capitals and autonomous regions analysed in the country during October, according to Euronews. The largest regional increases occurred in Vila Real with a 20.3 percent rise, followed by Guarda at 18.4 percent, Beja at 17.6 percent, Leiria at 16.9 percent, and Faro. In the capital city of Lisbon, the price per square metre now exceeds 6,000 euros. [1]

Portugal is a Southwestern European nation with a population of 11.4 million people, where Lisbon serves as the capital and largest city. The country has been a member of the European Union since 1986 and adopted the euro currency in 1999. Services, tourism, and manufacturing exports such as textiles and cork form key parts of its national economy. [2][4]