Portuguese Asking Prices Reached a Record 3,228 Euros per Square Metre, Up 7.9%
idealista reports a median asking price of 3,228 euros per square metre in September, up 7.9% in a year, and calls it a new record for Portugal.
The facts
- The median asking price for homes in Portugal rose +7.9% in September 2026 against September 2025, reaching 3,228 euros per square metre.
- idealista describes that level in its own words as a new record and a new historic high.
- Against June 2026 the median asking price rose 0.5%.
- At district level, Lisboa stood at 4,814 euros per square metre, Faro at 4,216 and Porto at 3,149.
- The city figures are separate and higher in Lisboa and Porto: the city of Lisboa at 6,256 euros per square metre and the city of Porto at 4,346.
- The report was published on 1 October 2026 and the metric is a median, not an average.
What it means for your money
- Entry prices in Portugal are at a record. A buyer now pays 7.9% more per square metre than a year ago.
- Location matters more than the national rate suggests: the city of Lisboa at 6,256 euros per square metre against the city of Porto at 4,346, and a district figure cannot stand in for the city inside it.
- Glopra's Portugal entry puts the national asking rent at 20.98 US dollars per square metre a month, from the same portal's August 2026 rent index. That is the income side of the same market, measured a month earlier and on a separate index, so the two should not be divided into one another.
- For an owner already holding a Portuguese property, a record price level is a valuation gain on paper, and it becomes money only on a sale, after transaction costs and any tax due.
What to watch
- The index is monthly, so the October report will show whether the record level holds or the 0.5% quarterly pace stalls.
- These are asking prices from a listings portal, not registered transaction prices, and asking prices typically sit above final sale prices.
- The rental side is published separately by the same portal, so no rent figure forms part of this release.
Sources: idealista, Casas a venda preco aumenta 7,9% em setembro e atinge novo recorde, 1 October 2026 https://www.idealista.pt/news/imobiliario/habitacao/2026/10/01/77923-casas-a-venda-preco-aumenta-7-9-em-setembro-e-atinge-novo-recorde