Between January and September 2026, over 111,000 homes were sold in Portugal, representing a 9% decrease compared to the same period in 2025. Sales of existing homes fell by more than 12%, while sales of new homes increased by nearly 11%.
This update is from Bica
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
It's free, with no signup and no app to download.
Read today’s briefing
Between July and September 2026, the average house price in Portugal reached 3,416 euros per square metre, an increase of 13.1% year-on-year, while the number of homes sold fell by 12.5% compared to the same period in 2025. In Lisbon, average prices hit 5,963 euros/m², and in Porto, they rose 14.7% to 4,382 euros/m².
CNN Portugal visited several properties in Lisbon and the surrounding areas, identifying extreme sale prices such as a 30-square-meter apartment in Reboleira priced at 219,000 euros and a property in Lapa listed for nearly four million euros. The report highlights that high prices, driven by speculative investment, are increasingly making home ownership inaccessible.
The volume of properties for sale in Portugal fell by 4% in the third quarter of 2026 (July–September) compared to the same period in 2025, marking seven consecutive quarters of decline. Supply fell most sharply in Funchal (-33%), Porto (-21%), and Viana do Castelo (-17%), while Vila Real (+34%), Guarda (+25%), and Bragança (+18%) saw an increase in listings.