Housing prices in Portugal reflect interesting regional dynamics, influenced by factors such as property demand, tourism, government incentives and internal migration trends. Recent data from idealista/data, the analytics division of the idealista real estate marketplace, points to significant variations between November 2023 and November 2024, revealing interesting stories and valuable tips about the municipalities in question.
Curiosities and Tips: Regions with the Highest Price Increases
Alcoutim, Faro: This Algarve municipality saw an impressive 54.6% increase, with prices reaching €1,159/m².
Curiosity: Alcoutim is known for its location on the banks of the Guadiana River, offering a peaceful atmosphere and stunning views. Its proximity to Andalusia in Spain makes the region attractive for those seeking a peaceful life with access to two countries.
🌟 Tip: Visit Alcoutim Castle and explore the region's traditional villages, such as Pereiro and Giões, to discover the authenticity of the Algarve interior.
Vila Nova da Barquinha, Santarém: With an increase of 36.5% and average prices of €1,092/m², this charming municipality combines history and nature.
Curiosity: It is home to the iconic Almourol Castle, located on a small island in the Tagus River, one of the most photogenic in Portugal.
🌟 Tip: Take the opportunity to walk through the Almourol Contemporary Sculpture Park, which combines art with natural landscapes.
Marco de Canaveses, Porto: Prices rose 34.8%, reaching €1,047/m².
Curiosity: This city is known for the architectural legacy of Álvaro Siza Vieira, including the Church of Santa Maria. Furthermore, it is part of the Vinho Verde Region.
🌟 Tip: Explore the banks of the Tâmega River and take part in local festivities, such as the Festa de São Bartolomeu, an experience full of traditions.
Amarante, Porto: With an appreciation of 32%, prices are now €1,493/m².
Curiosity: Amarante is famous for its links to art, with the Amadeo de Souza-Cardoso Museum standing out, and for its cuisine, such as convent sweets.
🌟 Tip: Don't miss the opportunity to stroll across the São Gonçalo Bridge and taste the region's Vinho Verde wine, in a romantic setting on the banks of the Tâmega River.
Areas with Significant Price Reductions
Borba, Évora: Prices fell 29.6% to €924/m².
Curiosity: This Alentejo municipality is known for its high-quality white marble and its contribution to luxury architecture.
🌟 Tip: Explore the local vineyards and take part in the Borba wine festivals, where you can taste some of the best red wines in the country.
São João da Pesqueira, Viseu: With a reduction of 20.5%, the average price is now €553/m².
Curiosity: Located in the Douro region, it is the heart of Port wine production and one of the oldest municipalities in Portugal.
🌟 Tip: Take a cruise on the Douro and visit viewpoints such as São Salvador do Mundo, which offers stunning views over the vineyard terraces.
Proença-a-Nova, Castelo Branco: The decrease was 12.0%, with average prices of €562/m².
Curiosity: This region is a haven for nature lovers, with forests and river beaches.
🌟 Tip: Discover the local cuisine, such as stuffed bucho, and explore trails such as the Cascata da Fraga de Água d’Alta trail.
Other Regional Highlights and Tips
Lagoa, São Miguel, Açores: The average price increased by 28.1%, reaching €1,907/m².
Curiosity: This Azorean municipality is known for its Ferraria thermal waters and volcanic landscapes.
🌟 Tip: Try thermal baths at Ponta da Ferraria and visit Lagoa das Sete Cidades, a postcard of the Azores.
Sources and Methodology
The data is based on analysis by idealista/data, which combines real estate market information with public and private indicators. The trends reflect factors such as housing policies, local demand and the impact of tourism in specific regions. For more information on this topic, click here.
Portugal's cultural and natural diversity continues to attract different profiles of buyers and investors, and it is essential to consider the regional context when analyzing the real estate market. Whether to invest or reside, each municipality offers unique experiences and a special flavor of Portugal.
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