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Lisboa registered a significant price acceleration
House prices statistics at local level
Lisboa registered a significant price acceleration - 3rd Quarter 2021
01 February 2022

Summary

In the 3rd quarter of 2021, median house price of dwellings sales in Portugal was 1 311 €/m2, representing a year on year growth rate of +12.2% (+6.8% in the previous quarter). This price acceleration was observed in 20 out of 25 sub regions NUTS III, including in 2 out of 4 sub-regions with median house prices higher than the national value – Algarve (+10.1 p.p.) and Área Metropolitana de Lisboa (+0.8 p.p.).

In the 3rd quarter of 2021, the year-on-year growth rate in house prices increased in 8 out of the 11 municipalities with more than 100 thousand inhabitants in the Área Metropolitana de Lisboa, with this acceleration being higher than the observed at national level (+5.4 p.p.) in Lisboa (+11.4 p.p.) and Amadora (+6.0 p.p.). It should be noted that Lisboa was the only municipality with more than 100 thousand inhabitants to register a negative year-on-year growth rate in the 1st quarter of 2021 (-7.9%), in the 2nd quarter this rate increased to +1.4% and in the period under analysis to +12.8%, above the country variation (+12.2%). In the 3rd quarter of 2021, in Lisboa the median house price of dwellings was 3 592 €/m2, value that was higher than the 1st quarter of 2020 (3 536 €/m2), which was the highest since the beginning of the series.

In Área Metropolitana do Porto, only the municipalities of Santa Maria da Feira (+3.6 p.p.) and Gondomar (+0.7 p.p.) registered an increase in the year-on-year growth rate, both below the national increase.


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