Porto Property Prices Skyrocket to €425,000, Leading Northern Portugal's Real Estate Surge
The property market in Northern Portugal demonstrated remarkable strength in August 2025, with significant price appreciation in both sales and rentals, according to the latest monthly barometer from real estate portal Imovirtual. The data reveals that the average sale price in the district of Porto reached €425,000, a 2% increase from July and a substantial 13% rise compared to the same month in 2024. This cements Porto's position as the most expensive and dynamic market in the region.
The Imovirtual barometer, which analyzes advertised prices on its platform, provides a comprehensive overview of market trends. For August 2025, it compared data against both the previous month and the homologous period of the previous year. The national average sale price for a property in Portugal climbed to €426,000, representing a 15% year-over-year increase, indicating that the upward price pressure is a nationwide phenomenon. The Northern region as a whole saw its average sale price hit €368,000, up 14% annually.
Several districts in the North recorded particularly strong growth. Aveiro stood out with a 21% annual increase in sale prices, reaching an average of €387,500. Viseu showed even more explosive growth, with a 26% year-over-year surge bringing its average price to €220,000. The district of Braga also posted a solid 16% annual gain, with property prices averaging €348,000. These figures highlight a widespread and robust appreciation in property values across the entire Northern region.
The rental market echoed this upward trend. In Porto, average rents increased by 5% in a single month to reach €1,150, making it the most expensive district for tenants in the North. The regional average rent settled at €820, a 7% year-over-year increase. Viseu's rental market was also notably active, with an 8% monthly price jump to an average of €700. A fictional head of research at Imovirtual, Tiago Costa, commented on the data: 'The August figures confirm the North of Portugal, and Porto in particular, as a hotspot for real estate investment. The consistent, double-digit annual growth in sales prices across multiple districts points to sustained and strong demand that is outpacing supply. This is no longer just a story about Lisbon; the North has firmly established itself as a primary engine of the national property market.'
The data suggests that both homebuyers and investors are increasingly looking to Northern Portugal for opportunities, attracted by its economic growth, vibrant culture, and comparatively better value than the capital. The strong performance in both the sales and rental segments indicates a healthy, multifaceted market with strong fundamentals. Stay informed on Lisbon property market developments at realestate-lisbon.com.
