Northern Portugal Housing Market Report: Average Sale Price Reaches €255,000 in September
A new market analysis released by the property portal Imovirtual has detailed a significant appreciation in home values across Northern Portugal, with the average sale price climbing to €255,000 in September 2025. The findings are part of the portal's monthly barometer, which tracks advertised prices for property sales and rentals, comparing current data against figures from August 2025 and the corresponding period in September 2024.
The report indicates a nationwide average sale price of €435,000, an 18% increase year-over-year. However, the Northern region, while more affordable, showed a strong 15% annual growth, rising from €222,500 in September 2024. This upward trend was not uniform across all districts, with some areas experiencing particularly accelerated growth. The data was compiled from listings advertised on the Imovirtual platform, providing a snapshot of current market sentiment and pricing strategies from sellers.
Specific numerical findings from the report show the district of Aveiro registering one of the most substantial increases, with average sale prices reaching €390,000. This represents a 22% jump compared to the previous year and a 2% rise from the prior month. The interior district of Viseu also recorded a notable annual appreciation of 29%, with average prices settling at €225,000. These figures suggest a growing demand in secondary cities and regions outside the primary metropolitan hubs.
The geographic breakdown confirms that Porto remains the most expensive district in the North, with an average sale price of €425,000, reflecting a 14% annual increase. Nearby Braga saw prices rise to €350,000, a 13% year-over-year gain. In contrast, the districts of Guarda and Bragança offered the most accessible prices, stabilizing at €100,000. However, Bragança's market showed a 17% year-on-year decline, while Vila Real experienced a 3% annual drop to €180,000, indicating varied performance across the interior.
In a contrasting development, the rental market in the North saw a regional downturn. The average rent fell to €700, a 3% decrease from both the previous month and the previous year. This was influenced by a 4% annual drop in Porto, where average rents are now €1,100. Despite the regional trend, some districts reported rental price growth. Aveiro saw rents increase by 9% annually to €950, while Bragança and Vila Real posted annual gains of 12% and 26%, respectively. Guarda experienced a sharp monthly drop of 13% to €500, though it maintained a 32% annual increase.
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Industry experts have noted that the data reflects a dual-speed market in the North. A real estate analyst from a Porto-based consultancy commented, “The strong performance in the sales market, particularly in Aveiro and Viseu, is driven by a combination of factors, including improved infrastructure, quality of life, and a search for better value compared to Lisbon. The rental market's adjustment, especially in Porto, may indicate that prices have reached a temporary ceiling after years of rapid growth.”
There has been no official response from government bodies regarding this specific market report. However, these statistics will likely be considered in broader national housing policy discussions. The data provides a historical context of a market that has been on a consistent upward trajectory in the sales segment, while the rental segment is now showing signs of fragmentation and adjustment.
Imovirtual is expected to release its next monthly barometer in late October, which will provide further insights into whether these trends will continue into the final quarter of the year. The report highlights the increasing complexity of Portugal's regional property markets, where local economic factors are creating diverse patterns of growth and stabilization.
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