Once again property prices in Portugal have risen with idealista price index indicating a rise of 1.3 percent in February compared to the previous month.

In February the median value of homes was at €2,335 per square meter (euros/m2) and in relation to the quarterly and annual variation, house prices rose by 0.6% and 7.9%, respectively.

House prices in February rose in 14 district capitals, with Évora (11%) and Guarda (8.7%) leading the list. It is followed by Castelo Branco (4.5%), Ponta Delgada (3.1%), Funchal (2.2%), Viseu (2.1%), Faro (2%), Santarém (1.8%), Lisbon (1.4%), Porto (1.3%), Aveiro (1.2%), Viana do Castelo (1%), Leiria (0.7%) and Beja (0.5%). On the other hand, buying a house was cheaper in Portalegre (-3%), Coimbra (-2.5%), Braga (-0.9%), Bragança (-0.6%), Vila Real (-0, 2%) and Setúbal (-0.1%).

Lisbon continues to be the city where it is most expensive to buy a house: 5,062 euros/m2. Porto (3,062 euros/m2) and Faro (2,209 euros/m2) occupy the second and third places, respectively. The cheapest cities to buy a house are Portalegre (657 euros/m2), Bragança (779 euros/m2), Castelo Branco (800 euros/m2), Guarda (826 euros/m2) and Beja (848 euros/m2).

Copyright: The Portugal News