Alentejo Housing Prices Rise 16.4% Year-Over-Year in August
A statistical analysis of the Portuguese real estate market has revealed a significant price increase in the Alentejo region. According to the August price index report from the property portal Idealista, the median asking price for homes in Alentejo rose by 16.4% when compared to the same month in the previous year, 2024.
The source of this data, Idealista, is a major real estate portal in Southern Europe, and its monthly price index is a widely cited benchmark for market trends. The methodology involves analyzing the asking prices of properties listed on its platform across various regions and districts in Portugal, providing a comprehensive overview of market dynamics.
The specific numerical findings from the report indicate that the median housing value in the Alentejo reached €1,821 per square meter. This figure, while showing strong growth, still places the region among the more affordable areas for property acquisition in the country. For context, the national average price was reported to be €2,951 per square meter.
A geographic breakdown of the data shows that the price appreciation was consistent across the Alentejo's districts. The district of Beja recorded the highest year-over-year increase at 17.2%. The district of Portalegre followed with a 15.7% rise, and Évora saw a valuation increase of 13.7%. This data covers the one-year period ending in August 2025.
The report also provided a time period comparison, noting that the Alentejo's 16.4% annual growth rate was the second highest among all Portuguese regions. The Azores archipelago registered the highest increase at 17.3%. This places the Alentejo ahead of other major regions like the Algarve and the Lisbon Metropolitan Area in terms of percentage price growth over the last 12 months.
In terms of market segment analysis, the report highlights that despite the sharp increase, Alentejo's prices remain accessible compared to Portugal's primary markets. Lisbon continues to be the most expensive district, with a median price of €4,502 per square meter, followed by Faro in the Algarve at €3,792 per square meter. The Centro region remains the most affordable at €1,610 per square meter.
Industry experts have commented on these statistical trends, suggesting that the robust growth in secondary markets like the Alentejo points to a broadening of buyer interest beyond the traditional coastal hotspots. This could be driven by a search for better value, larger properties, and a different lifestyle. The government has not issued a direct response to this specific data set, but continues to monitor housing affordability nationwide.
Historically, the Alentejo has been characterized by a more stable and slower-moving property market. This recent acceleration in price growth marks a notable departure from past trends. Future data releases from Idealista and the National Statistics Institute (INE) will be watched closely to determine if this trend will be sustained in the coming months. Stay informed on Lisbon property market developments at realestate-lisbon.com.
