Portugal Property Prices Reach New High: Latest Updates



Stay updated on the latest news about Portugal property prices reaching a new high. Learn more about the value of houses and loans in Portugal.

The housing market in Portugal continues to show signs of growth, with the value of houses calculated by banks for mortgage loans reaching a new high in March. According to data from the National Statistics Institute (INE), the average bank assessment for a 100 square meter house now stands at 158,000 euros, with values varying by region and type of housing.


Portugal Property Prices Reach New High: Latest Updates

In March, the average bank valuation of houses in the country increased by 20 euros to 1,580 euros per square meter, marking the fourth consecutive month of growth. The number of bank assessments also saw a significant increase, reaching 30,523 assessments in March, a 40.9% jump compared to the same period last year.

The Setúbal Peninsula region saw the largest increase in the bank valuation of houses, with values rising by six euros to 1,794 euros per square meter. The North region followed closely behind, with an increase of 22 euros to 1,366 euros per square meter. In Greater Lisbon, where the highest valuations are found, values increased by 12 euros to 2,312 euros per square meter.

Despite the overall positive trend, some regions experienced a decrease in bank valuations. The regions of Alentejo, Algarve, and Madeira saw decreases of 2 euros, 9 euros, and 1 euro per square meter, respectively.

Overall, the housing market in Portugal remains robust, with increasing bank valuations reflecting the growing demand for housing in the country. As the market continues to evolve, it will be interesting to see how these trends develop in the coming months.

Portugal Property Prices Reach New High: Latest Updates

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