The average price of a Portugal house for sale is $274 per square foot in 2024, averaging $548,000 for a 2,000-square-foot home. Buying a house in Portugal in 2024 is 7% more expensive than one year prior. In euros, the average home price in Portugal is €536,600, at €2,683 per square meter.
Portugal real estate prices are more expensive than Spain home prices. Home prices in Portugal are also higher than real estate prices in Italy.
Portugal house prices by region, in US dollars
The most expensive region to buy a house in Portugal is Metropolitan Lisbon, where the average price of a home is $760,000, or $380 per sqft. The second most expensive region to buy real estate is Algarve, where a 2,000-square-foot home sells for $690,000 on average. In this region, real estate saw an annual price increase of 7.5% and the average price per sqft is $345.
Centro is Portugal’s most affordable region to purchase property, at $148 per square foot, which comes to $296,000 for an average-sized home. In this region, the cost to buy a home went up by 5.4% in a year.
Homes in Madeira registered the highest increase in price year over year, 21%, reaching an average sale price of $594,000.
Portugal real estate prices by city, in US dollars
At the city level, prices vary considerably, depending on location. The most in-demand cities to live in Portugal have the priciest homes.
Lisbon real estate is the most expensive among the 100 largest Portuguese cities, a house costing on average $1,154,000, or $577 per square foot. Other expensive cities in Portugal to buy a house are: Lagos $790,000, Porto $732,000, and Albufeira $694,000.
Here are the average home prices in Portugal's 10 largest cities:
- Lisbon, Lisbon Metropolitan $1,154,000
- Porto, North $732,000
- Vila Nova de Gaia, North $500,000
- Amadora, Lisbon Metropolitan $554,000
- Braga, North $366,000
- Coimbra, Center $384,000
- Funchal, Madeira $692,000
- Setubal, Lisbon Metropolitan $488,000
- Almada, Lisbon Metropolitan $576,000
- Sintra, Lisbon Metropolitan $510,000
Real Estate Prices in Portugal in Euros
An average house in the region of Metropolitan Lisbon costs around €744,000, with a price per square meter of €3,721, the most expensive region in Portugal to purchase real estate.
In the Algarve, homes cost around €675,000, in the Madeira islands about €618,000, and in the Northern region of Portugal €447,000.
For cheaper property, the Central Region is the best place to look, with average prices around €290,000. Similarly, Azores real estate averages more or less €307,000 for a 200-sqm house.
Portugal real estate prices by city, in euros
The most expensive large city to buy property in Portugal is Lisbon. The average price of a house in the capital city is €1,128,400, or €5,642 per square meter.
Of the 100 largest cities in Portugal analyzed, the second priciest real estate is in Loule, with an average house price of €818,800, and the third most expensive is Lagos, €773,000.
The average price of a 200-square-meter house in other major Portuguese cities: Porto €715,600, Braga €358,800, Coimbra €372,800, Faro €595,800, and Funchal €677,600.
Use the search box in the table below to see how much it costs to buy a home in your favorite location:
Methodology
- When using or citing this data, please give credit to My Dolce Casa by linking to this report
- Source: Idealista valid as of the date of this report
- Original prices published in euros per square meter
- Euros converted to U.S. dollars at an exchange rate valid as of the date of this report
- Square meters converted to square feet
