According to Confidencial Imobiliário, the annual growth seen in 2025 is more than double that recorded in 2024, when prices rose 11%, and reflects a continuous cycle of robust quarterly appreciations, with chain variations exceeding 6% in most periods.

Of the 278 municipalities monitored (total in São Paulo), 147 (53%) registered increases above the national average. Santo Tirso, in the Porto district, leads the ranking, with an annual appreciation of 38% in 2025.

Among the other municipalities, only one, Figueira da Foz, showed growth below 10%, while about a third of the municipalities had increases between 20% and 23%.

The interior of the country stands out in growth
Data from Confidencial Imobiliário reveals that the greatest appreciation is concentrated outside the major metropolitan areas, especially in inland districts such as Castelo Branco, Santarém, Vila Real, Bragança, Évora, Portalegre, and Beja. Of the 147 locations with above-average increases, only nine are located in the metropolitan regions of São Paulo and Porto.

Among the most dynamic municipalities are also Barreiro, in the Lisbon Metropolitan Area (AM), and Gondomar, in the Porto AM, both with appreciation exceeding 30%.

Among the district capitals, Beja, Bragança, Castelo Branco, Santarém, Portalegre, and Évora, as well as Setúbal, Faro, and Aveiro, registered increases above the national average, between 24.8% and 33.5%.

Lisbon and Porto, although below average, stood out for their acceleration compared to 2024: the capital appreciated by 18.2% (vs. 5.5% in 2024), with an average price of €5,200/m², while Porto increased by 16.6% (vs. 7.8% in 2024), reaching €3,733/m². The average price of houses in mainland Portugal was €2,874/m² last year.

In metropolitan regions, Barreiro led the appreciation with 32.5%, while Cascais recorded the most moderate increase, of 15.8%. In Greater Porto, Gondomar stood out with 31.3%, while Póvoa de Varzim had the lowest appreciation, at 13.7%.

The outlook for 2025 shows a Portuguese real estate market experiencing strong appreciation, driven by consistent demand, a shortage of supply in many markets, and growing interest outside metropolitan areas.

News: Casa Yes
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