Portuguese property prices surge 16.5% year-on-year to record high

Banks valued residential properties at an average of €2,174 per square metre in April 2026, marking a new all-time high. The previous month saw prices at €2,151/m², representing a monthly increase of €23.

The annual growth rate remained steady at 16.5%, matching March's figure and suggesting that the upward trend is stable and showing no signs of deceleration. The Setúbal peninsula has experienced the sharpest price increases, with values climbing 24% year-on-year. The Azores recorded the most significant monthly growth at 4.1%.

The data is drawn from 34,500 bank valuations covering both apartments and houses. Notably, the number of valuations fell 3.6% compared with April 2025, though it rose 5% month-on-month from March, indicating a seasonal uptick in buyer activity.

For investors: such growth rates are rendering the Portuguese market increasingly attractive, though less accessible for first-time purchasers.

Source: Portugal News