Authored by the expert who managed and guided the team behind the Portugal Property Pack
Everything you need to know before buying real estate is included in our Portugal Property Pack
This article covers the current housing prices in Portugal as of January 2026, with fresh data we constantly update.
We break down what you can expect to pay across different regions, property types, and neighborhoods.
All figures come from official Portuguese sources and leading real estate platforms.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Portugal.
Insights
- Portugal housing prices rose by roughly 18% year-on-year in Q3 2025, making it one of the fastest-growing property markets in Western Europe right now.
- The gap between asking prices and sold prices in Portugal averages around 6%, but in Lisbon and the Algarve, buyers often pay close to the listed price due to tight supply.
- Existing homes in Portugal are appreciating faster than new builds, with existing properties up 19% versus 14% for new construction in 2025.
- Chiado in Lisbon commands around 7,650 euros per square meter, making it roughly three times more expensive than the national median.
- A realistic entry-level budget for a livable home in Portugal starts around 70,000 to 130,000 euros, typically in inland cities like Castelo Branco or Guarda.
- Porto's Foz do Douro area costs about 4,700 euros per square meter, which is premium for Porto but still 40% below central Lisbon prices.
- The average Portugal property transaction in 2024 was around 216,000 euros, but with 2025's rapid growth, that figure now sits closer to 250,000 euros.
- Buyers in Portugal should budget an extra 8% to 12% on top of the purchase price to cover stamp duty, IMT transfer tax, notary fees, and potential renovation costs.
- Over the past decade, Portugal housing prices have more than doubled in nominal terms, with real (inflation-adjusted) gains of 90% to 140% depending on the region.
- The Algarve's Golden Triangle around Almancil sees asking prices above 6,000 euros per square meter, driven by international buyers seeking resort-style living.
Fact-checked and reviewed by our local expert
João Morais 🇵🇹
Founder | Real Estate Advisor, at Wilderness Investments
What is the average housing price in Portugal in 2026?
The median housing price is more telling than the average because it represents the true middle of the market, unaffected by a few very expensive luxury sales that can skew the average upward.
We are writing this as of January 2026, using the latest data from Statistics Portugal (INE) and idealista, which we manually verified for accuracy.
The median housing price in Portugal in 2026 is approximately 173,000 euros (around $200,000 or €173,000), based on the national median of 1,923 euros per square meter applied to a typical 90-square-meter home. The average housing price in Portugal in 2026 is higher, sitting around 250,000 euros ($289,000 or €250,000), reflecting the impact of pricier sales in Lisbon and the Algarve.
About 80% of residential properties in Portugal in 2026 fall within the 120,000 to 350,000 euro range ($139,000 to $405,000).
A realistic entry range for Portugal housing in 2026 starts at 70,000 to 130,000 euros ($81,000 to $150,000), which typically gets you a 1-bedroom or small 2-bedroom apartment in an inland city like Castelo Branco, often in an older building that may need light renovation.
A typical luxury property in Portugal in 2026 costs between 800,000 and 3 million euros ($925,000 to $3.5 million), which could be a fully renovated 3-bedroom apartment in Lisbon's Chiado neighborhood or a villa with a pool in the Algarve's Golden Triangle near Almancil.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Portugal.
Are Portugal property listing prices close to the actual sale price in 2026?
The estimated difference between asking prices and final sale prices in Portugal in 2026 is around 6%, meaning buyers typically pay about 6% less than the listed price.
This gap exists because sellers often list properties slightly above market value to leave room for negotiation, a common practice in Portuguese real estate culture. However, in high-demand areas like central Lisbon and the Algarve coast, where inventory is tight and competition is fierce, the discount shrinks significantly and some properties sell at or above asking price.
Get fresh and reliable information about the market in Portugal
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What is the price per sq m or per sq ft for properties in Portugal in 2026?
As of January 2026, the median housing price per square meter in Portugal is approximately 1,923 euros ($2,230 or €1,923), which works out to about 179 euros per square foot ($208 or €179). The average price per square meter in Portugal is higher, around 2,200 euros ($2,550 or €2,200), or about 204 euros per square foot ($237 or €204).
Prime city apartments in central Lisbon and coastal resort properties in the Algarve have the highest price per square meter in Portugal in 2026, often exceeding 6,000 euros, while inland towns and older properties needing renovation have the lowest, sometimes below 1,500 euros per square meter.
The highest prices per square meter in Portugal in 2026 are found in Lisbon's Chiado neighborhood (around 7,650 euros per square meter) and Parque das Nações (around 6,800 euros per square meter). The lowest prices within major urban areas appear in neighborhoods like Campanhã in Porto (around 3,100 euros per square meter) or Ferreiras in Albufeira (around 3,080 euros per square meter).
How have property prices evolved in Portugal?
Compared to one year ago, Portugal housing prices in January 2026 are approximately 15% higher than in January 2025. This surge is driven by a persistent shortage of new construction, especially in Lisbon and the Algarve, combined with strong domestic and international buyer demand.
Looking back two years to January 2024, Portugal housing prices have increased by roughly 25% to 30%. The main factors are continued undersupply of housing relative to demand, gradual easing of mortgage rates in late 2024 and 2025, and sustained interest from foreign buyers in prime coastal and urban areas.
By the way, we've written a blog article detailing the latest updates on property price variations in Portugal.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Portugal.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Portugal versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How do prices vary by housing type in Portugal in 2026?
The estimated breakdown of property types on the Portugal market in 2026 is roughly 60% apartments, 30% houses (detached, semi-detached, or townhouses), 5% villas or luxury properties, and 5% new-build apartments, with apartments dominating because most housing demand concentrates in urban areas like Lisbon and Porto.
The average price ranges by property type in Portugal as of January 2026 are: studios and small 1-bedroom apartments (45 to 55 square meters) cost 140,000 to 190,000 euros ($162,000 to $220,000); 2-bedroom apartments (80 to 100 square meters) cost 200,000 to 320,000 euros ($231,000 to $370,000); townhouses and small houses (100 to 140 square meters) cost 220,000 to 380,000 euros ($254,000 to $440,000); detached houses (140 to 200 square meters) cost 280,000 to 550,000 euros ($324,000 to $636,000); new-build apartments (80 to 110 square meters) cost 260,000 to 420,000 euros ($301,000 to $486,000); and villas or prime coastal properties (180 to 300 square meters) cost 700,000 to 2.5 million euros ($810,000 to $2.9 million).
If you want to know more, you should read our dedicated analyses:
- How much do properties cost in Portugal?
- How much should you pay for a house in Portugal?
- How much should you pay for lands in Portugal?
How do property prices compare between existing and new homes in Portugal in 2026?
New-build properties in Portugal in 2026 carry an estimated premium of around 20% per square meter compared to similar existing homes.
This premium exists because new construction offers modern energy efficiency, updated layouts, parking, and elevator access that older Portuguese buildings often lack, and because new supply remains limited in the areas where buyers most want to live.
Buying real estate in Portugal can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
How do property prices vary by neighborhood in Portugal in 2026?
Parque das Nações in Lisbon is a modern, family-friendly waterfront district with newer apartment buildings, attracting expats and professionals who value convenience and contemporary living. Prices here average around 6,800 euros per square meter ($7,890 per square meter), with typical 90-square-meter apartments costing 550,000 to 700,000 euros ($637,000 to $810,000).
Chiado in central Lisbon is one of Portugal's most sought-after historic neighborhoods, known for its walkability, cultural attractions, and renovated period apartments. Asking prices reach approximately 7,650 euros per square meter ($8,870 per square meter), meaning a renovated 120-square-meter apartment can cost 820,000 to over 1 million euros ($950,000 to $1.16 million).
Foz do Douro in Porto offers a premium coastal residential experience with seaside views and a quieter atmosphere than the city center. Prices here average around 4,700 euros per square meter ($5,450 per square meter), with 110-square-meter apartments typically priced between 420,000 and 600,000 euros ($486,000 to $695,000).
You will find a much more detailed analysis by areas in our property pack about Portugal. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Profile | Avg Price Range | Avg per sqm | Avg per sqft |
|---|---|---|---|---|
| Chiado, Lisbon | Luxury / walkable | €650k-€1.3M ($752k-$1.5M) | €6,735-€8,575 ($7,790-$9,915) | €626-€797 ($724-$919) |
| Baixa, Lisbon | Central / lifestyle | €520k-€1M ($601k-$1.16M) | €5,990-€7,625 ($6,930-$8,820) | €557-€708 ($645-$821) |
| Parque das Nações, Lisbon | Modern / family | €520k-€1M ($601k-$1.16M) | €6,000-€7,630 ($6,940-$8,820) | €558-€709 ($646-$821) |
| Lapa, Lisbon | Prime / family | €560k-€1.2M ($648k-$1.39M) | €6,195-€7,885 ($7,170-$9,120) | €576-€733 ($667-$847) |
| Lumiar, Lisbon | Family / commute | €320k-€650k ($370k-$752k) | €4,460-€5,670 ($5,160-$6,560) | €414-€527 ($479-$611) |
| Ajuda, Lisbon | Value / near center | €330k-€680k ($382k-$787k) | €4,665-€5,940 ($5,395-$6,870) | €433-€552 ($501-$639) |
| Alfama-Sé, Lisbon | Historic / touristy | €420k-€850k ($486k-$983k) | €5,470-€6,965 ($6,330-$8,055) | €508-€647 ($588-$748) |
| Porto Historic Core | Walkable / popular | €320k-€750k ($370k-$868k) | €4,020-€5,110 ($4,650-$5,910) | €374-€475 ($433-$550) |
| Foz do Douro, Porto | Prime / coastal | €420k-€1M ($486k-$1.16M) | €4,150-€5,280 ($4,800-$6,100) | €386-€490 ($447-$567) |
| Campanhã, Porto | Value / developing | €200k-€450k ($231k-$521k) | €2,720-€3,460 ($3,150-$4,005) | €253-€322 ($293-$373) |
| Almancil, Algarve | Luxury / resort | €600k-€2.5M+ ($694k-$2.9M+) | €5,340-€6,800 ($6,180-$7,860) | €496-€632 ($574-$732) |
| Quarteira, Algarve | Beach / expat | €350k-€900k ($405k-$1.04M) | €4,430-€5,635 ($5,120-$6,520) | €412-€523 ($477-$605) |
How much more do you pay for properties in Portugal when you include renovation work, taxes, and fees?
When buying property in Portugal in 2026, you should plan for an additional 8% to 12% on top of the purchase price to cover taxes, fees, and any renovation work.
For a property around $200,000 (approximately 173,000 euros), expect to pay about 18,000 euros ($21,000) in taxes and fees, plus potentially 10,000 euros ($12,000) for light renovation if needed. This brings your total cost to around 201,000 euros ($233,000), roughly 14% above the purchase price.
For a property around $500,000 (approximately 432,000 euros) that is move-in ready, your additional costs for taxes and fees will be around 45,000 euros ($52,000). Your total cost lands at approximately 477,000 euros ($553,000), about 10% above the purchase price.
For a property around $1,000,000 (approximately 865,000 euros), particularly an older Lisbon apartment requiring major renovation, expect taxes and fees of around 90,000 euros ($104,000) plus renovation costs of 100,000 to 120,000 euros ($116,000 to $139,000). Your total cost could reach 1,075,000 euros ($1.25 million), about 24% above the purchase price.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Portugal.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Portugal
| Expense | Type | Estimated Cost Range |
|---|---|---|
| Stamp Duty (Imposto do Selo) | Tax | 0.8% of the property value. For a 300,000-euro property, this equals 2,400 euros ($2,780). This tax is fixed and applies to all property purchases in Portugal. |
| IMT (Property Transfer Tax) | Tax | Progressive rate typically ranging from 0% to 8% depending on property value and whether it is a primary residence or second home. A 400,000-euro primary residence might incur around 15,000 to 20,000 euros ($17,400 to $23,200). Second homes and higher-value properties pay more. |
| Notary and Registry Fees | Fees | 1,000 to 3,500 euros ($1,160 to $4,050). This covers the notary, land registry, and deed processing. Using the simplified "Casa Pronta" service can reduce costs at the lower end. |
| Mortgage Setup Costs | Fees | 500 to 2,000 euros ($580 to $2,310) if you finance the purchase. This includes bank appraisal fees, mortgage stamp duty, and administrative charges. Cash buyers avoid this cost entirely. |
| Legal Fees | Fees | 1,500 to 4,000 euros ($1,740 to $4,640). Hiring a lawyer is not mandatory but strongly recommended, especially for foreign buyers unfamiliar with Portuguese property law. |
| Light Renovation | Renovation | 5,000 to 20,000 euros ($5,800 to $23,000). This covers painting, flooring, and minor fixes. Common for existing apartments more than 10 years old. |
| Medium Renovation | Renovation | 20,000 to 60,000 euros ($23,000 to $69,000). This includes kitchen and bathroom updates, new fixtures, and some electrical or plumbing work. Typical for properties needing modernization. |
| Major Renovation | Renovation | 60,000 to 200,000+ euros ($69,000 to $231,000+). Full rewiring, plumbing replacement, structural repairs, and high-end finishes. Common in older Lisbon buildings or historic properties. |
We made this infographic to show you how property prices in Portugal compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Portugal in 2026 with different budgets?
With $100,000 (approximately 86,000 euros), the market is limited in prime areas, but you could find an existing 1-bedroom apartment of around 50 square meters in an inland city like Guarda, an older small house of 60 to 80 square meters in a village needing renovation, or a basic studio of 35 to 45 square meters on the fringe of a smaller regional city.
With $200,000 (approximately 173,000 euros), you could buy an existing 2-bedroom apartment of 80 to 90 square meters in Braga or Coimbra in move-in condition, an existing townhouse of around 100 square meters in a suburban Porto parish needing light work, or an existing small house of 120 square meters in an inland area with good structure but dated interiors.
With $300,000 (approximately 259,000 euros), you could purchase an existing 2-bedroom apartment of 90 square meters in Porto's Campanhã neighborhood in good condition, an existing apartment of 70 to 85 square meters on the outskirts of Lisbon in areas like Amadora or Loures, or an existing house of 140 square meters in a mid-size town with a garden.
With $500,000 (approximately 432,000 euros), you could buy an existing apartment of 85 square meters in Lisbon's Lumiar neighborhood, an existing apartment of 95 square meters in Albufeira near the Algarve coast, or a renovated 2-bedroom apartment of 100 square meters in Porto's Bonfim neighborhood.
With $1,000,000 (approximately 865,000 euros), you could purchase a renovated apartment of 120 square meters in Lisbon's Baixa district, an apartment of 125 square meters in Lisbon's Parque das Nações in a newer building, or a prime apartment of 160 square meters in Porto's Foz do Douro area.
With $2,000,000 (approximately 1.73 million euros), there is an active market at this level in Portugal, where you could buy a luxury renovated apartment of 200 square meters in Lisbon's Chiado, a villa of 250 to 300 square meters with a pool in the Algarve near Almancil, or a high-end apartment or townhouse of 220 square meters in Lisbon's Lapa neighborhood.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Portugal.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Portugal, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Statistics Portugal (INE) - House Price Index Q3 2025 | Portugal's official national statistics agency publishing the country's standard house price index. | We used it to establish the current price growth rate of 17.7% year-on-year. We also used its breakdown between new and existing homes to explain price differences. |
| Statistics Portugal (INE) - HPI Full-Year 2024 | Official INE release with audited national transaction totals and standardized definitions. | We used it to calculate the average transaction price by dividing total value by number of sales. We also used it as the baseline for year-over-year comparisons. |
| GEE Indicator Page (INE Data) | Government economics office republishing INE indicators in a standardized, verifiable format. | We used it as the cleanest source for median price per square meter for sold homes. We translated these figures into typical total prices using realistic home sizes. |
| Statistics Portugal (INE) - Bank Appraisal Values Nov 2025 | Official statistics based on banks' property valuation data for housing credit decisions. | We used it as a secondary lens on pricing since appraisals track market levels. We mainly used it to verify national price-per-square-meter levels going into 2026. |
| idealista - Portugal Asking Prices Nov 2025 | Major real estate marketplace with published methodology and a long historical time series. | We used it to represent listing prices that buyers actually see online. We compared these with INE sold prices to estimate the typical negotiation gap. |
| idealista - Lisbon Area Prices Nov 2025 | Same idealista dataset with geographic breakdown for the Lisbon metropolitan area. | We used it to set realistic price ranges for Lisbon, Portugal's most expensive market. We also used municipality-level data to show price variation across neighborhoods. |
| idealista - Porto Area Prices Nov 2025 | Large, transparent dataset with consistent definitions over time for the Porto region. | We used it to benchmark the Porto metropolitan area and neighborhood-level examples. We also used it to illustrate cheaper versus pricier areas around Porto. |
| idealista - Santa Maria Maior (Chiado/Baixa) | Specific local breakdown of the idealista dataset for Lisbon's historic center neighborhoods. | We used it to price iconic central Lisbon areas like Chiado and Baixa. We used these numbers to define what luxury pricing looks like in Lisbon in 2026. |
| idealista - Porto Parish Groupings | Same dataset with neighborhood-level breakdown for Porto's various parishes. | We used it to price the Foz do Douro area versus more affordable Porto parishes. We used this data to build the neighborhood comparison section. |
| idealista - Loulé (Almancil/Quarteira) | Widely used listing dataset covering the Algarve's prime resort municipalities. | We used it to cover the Algarve Golden Triangle resort market which behaves differently from inland Portugal. We used it for budget examples at the $500,000 to $2 million level. |
| idealista - Albufeira Area | Listing data covering one of the Algarve's most popular coastal tourist destinations. | We used it to provide price examples for the beach-focused Algarve market. We referenced specific parishes like Ferreiras to show lower-cost options within the region. |
| idealista - Lumiar (Lisbon) | Neighborhood-level data for a family-oriented Lisbon parish with good transport links. | We used it to provide a mid-range Lisbon price example. We included Lumiar to show that not all Lisbon neighborhoods cost 7,000 euros per square meter. |
| idealista - Ajuda (Lisbon) | Listing data for a value-oriented Lisbon neighborhood close to the city center. | We used it to illustrate more affordable options within Lisbon proper. We included it in the neighborhood table to show the range of Lisbon prices. |
| idealista - Parque das Nações (Lisbon) | Data for Lisbon's modern waterfront district popular with expats and families. | We used it as a key example of modern, higher-priced Lisbon living. We referenced it in the expat-popular areas section with specific price ranges. |
| idealista - Estrela/Lapa (Lisbon) | Listing data for one of Lisbon's most prestigious residential neighborhoods. | We used it to price the Lapa area which attracts families and high-end buyers. We included it in budget examples at the million-euro level. |
| Portal das Finanças - Stamp Duty Table | Official Portuguese tax authority publishing the legal stamp duty rates and tables. | We used it to confirm that property stamp duty is 0.8% of the purchase price. We combined this with IMT and fees to estimate total buying costs. |
| Diário da República - Stamp Duty Definition | Official state publisher for Portuguese legislation and legal definitions. | We used it as a plain-language verification that property acquisition stamp duty is 0.8%. We included it because it is easy to verify and cite. |
| Deutsche Bundesbank - ECB Exchange Rates | Official central bank publication reproducing ECB reference exchange rates. | We used it to convert euro amounts into US dollars with a documented rate. We applied the rate of approximately 1 euro to 1.16 dollars throughout. |
| Eurostat - Housing Price Statistics | EU statistical office providing standardized cross-country housing data. | We used it to contextualize Portugal's price growth versus other European markets. We referenced it when discussing Portugal's position as a fast-growing market. |
| Banco de Portugal - Financial Stability Reports | Portugal's central bank publishing analysis on housing credit and market conditions. | We used it to understand mortgage market trends affecting housing demand. We referenced the easing of credit conditions in late 2025. |
| Confidencial Imobiliário - Transaction Index | Private real estate data provider tracking actual transaction prices in Portugal. | We used it to cross-check our asking-to-sold price gap estimates. We compared their transaction data with INE and idealista figures. |
| PORDATA - Housing Statistics Database | Foundation-run database compiling official Portuguese statistics in accessible format. | We used it to access historical housing data for long-term comparisons. We referenced it when discussing the decade-long price increase. |
| Numbeo - Cost of Living Database | Crowdsourced database providing comparative cost and price information globally. | We used it as a secondary check on price-per-square-meter figures. We compared their user-reported data with official INE statistics for validation. |
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