Portugal Real Estate Market Statistics

Comprehensive analysis of Portugal's property market trends and regional variations

+8.3%
Price Growth (2023)
€2,350
Avg. Price/m² Lisbon
125K
Sales (2023)
€940
Avg. Monthly Rent

Regional Price Analysis (Price per m²)

Lisbon Metropolitan Area

🏢 Apartments: €2,350/m²
🏠 Houses: €2,100/m²
📈 YoY Growth: +7.8%

Porto Metropolitan Area

🏢 Apartments: €1,950/m²
🏠 Houses: €1,750/m²
📈 YoY Growth: +9.2%

Algarve

🏢 Apartments: €2,150/m²
🏠 Houses: €2,000/m²
📈 YoY Growth: +8.5%

Market Trends

📊 Supply & Demand

Housing supply remains tight in major urban areas, with demand outpacing new construction. New building permits increased by 15% in 2023.

🏗️ Construction Activity

35,000 new housing units under construction, with focus on mid-market apartments in metropolitan areas.

🏦 Mortgage Market

Average mortgage rate: 4.2%. New mortgage lending increased by 12% in 2023, despite rising interest rates.

🌍 Foreign Investment

Foreign buyers account for 15% of all transactions, with significant interest from EU, UK, and US buyers.

Rental Market Insights

📈 Rental Yields

Average rental yields: 4.5-6% in Lisbon, 5-7% in Porto, and 4-6% in the Algarve. Higher yields available in emerging neighborhoods.

📊 Occupancy Rates

Long-term rental occupancy rates exceed 95% in major cities. Short-term rental market shows seasonal variations.

Data sources: INE (National Statistics Institute), APEMIP (Portuguese Association of Real Estate Professionals), Confidencial Imobiliário. Last updated: December 2023.

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