Lisbon Median House Value Reaches €3,826 Per Square Meter
New data released by Pordata, the statistical database of the Fundação Francisco Manuel dos Santos, has confirmed that Lisbon is the municipality with the highest median value per square meter for housing in bank appraisals in Portugal. The report, issued one month ahead of the local elections on October 12, indicates that the median value in the capital reached €3,826 in 2024, a figure that represents an increase of nearly 23% compared to the 2021 value of €3,113.
The comprehensive study, which makes available 41 indicators across seven themes for all 308 Portuguese municipalities, highlights the significant appreciation in the capital's property market over the past three years. In contrast, the municipality of Celorico da Beira was identified as having the lowest median value for houses in the country, with an appraisal value of €574 per square meter. The data was compiled to provide a detailed statistical portrait of the nation in the run-up to the elections.
According to the information provided by the Pordata portal, the most significant growth in median house values was recorded in the Autonomous Region of Madeira. Ponta do Sol saw its median value per square meter increase by 66.4%, from €1,118 in 2021 to €1,861 in 2024. This was the largest growth rate observed among all municipalities. The municipalities of Ribeira Brava and Santa Cruz, also in Madeira, were among the top five with the highest rates of change, with increases of 65.1% and 59.8%, respectively.
The report also detailed findings for other municipalities experiencing rapid growth. Entroncamento, in the Santarém district, ranked third with a growth rate of 61.5%, seeing its median value rise from €647 to €1,045 per square meter. Constância, also in Santarém, followed with a 61.3% increase. These figures illustrate a dynamic of strong valuation growth in specific areas outside of the major metropolitan hubs of Lisbon and Porto.
However, not all municipalities saw an increase in property valuations. The data revealed a negative rate of change in Grândola, in the Setúbal district, where the median appraisal value decreased by 2.5% from €2,143 to €2,090 per square meter. Other municipalities showed minimal growth, including Idanha-a-Nova with a 0.5% increase, Vouzela with 6.9%, and Campo Maior with 7.3%.
A fictional official from the Instituto Nacional de Estatística (INE), not affiliated with the report, might comment, "The Pordata findings are consistent with our internal tracking of market dynamics. The concentration of value in Lisbon is a long-term trend, but the accelerated growth in secondary markets, such as Madeira, points to new investment flows and shifting housing demand post-pandemic."
The Pordata study also provided data on housing density and new construction. The municipality of Amadora, in the Lisbon metropolitan area, was noted as having the highest number of houses per square kilometer, with 3,643. Meanwhile, Lagoa, in the Azores, was the municipality with the highest percentage of new homes built between 2022 and 2024 relative to its existing housing stock.
The release of this statistical data is intended to inform the public and policymakers about the current state of housing and other key socio-economic factors across Portugal. A representative from the Fundação Francisco Manuel dos Santos stated that providing this detailed municipal-level data is crucial for transparent and informed public discourse, particularly in an election period.
The full set of indicators is now publicly available on the Pordata online portal, allowing for detailed comparison and analysis of all Portuguese municipalities. The data covers population, education, housing, employment, access to services, tourism, and territory and environment.
Stay informed on Lisbon property market developments at realestate-lisbon.com.
