Portugal new-build,
benchmarked.
Official median prices per m² for new and existing dwellings across the Algarve, Lisbon, Porto, Madeira and the Silver Coast, down to municipality and parish, with the licensed new-dwelling pipeline behind them. Built from INE Portugal and Banco de Portugal statistics and refreshed every week.
This is an official-statistics layer. Avena does not yet publish Portuguese listings; listing coverage will be added only from feeds whose owners have given permission.
Five markets, one benchmark table.
| Market (NUTS III) | New €/m² | Existing €/m² | New premium | New, 1y | Licensed, 12m | Licensed, 1y |
|---|---|---|---|---|---|---|
| Algarve | €3,573 | €3,158 | +13.1% | +15.3% | 1,611 | -10.2% |
| Lisbon metroGrande Lisboa | €4,172 | €3,526 | +18.3% | +7.7% | 8,360 | +6.0% |
| Lisbon metroPenínsula de Setúbal | €2,982 | €2,713 | +9.9% | +16.9% | ||
| Porto metro | €2,754 | €2,292 | +20.2% | +9.1% | 10,846 | +12.8% |
| Madeira | €2,982 | €2,447 | +21.9% | -2.4% | 1,158 | -13.5% |
| Silver Coast | €2,244 | €1,973 | +13.7% | +17.7% | 2,126 | +11.7% |
| Portugal | €2,402 | €2,108 | +13.9% | +9.1% | 43,215 | +6.4% |
Prices: INE median €/m² of dwelling sales in the 12 months to Q1 2026. Licensing: new family dwellings licensed in the 12 months to Aug 2026. Lisbon metro licensing combines Grande Lisboa and Península de Setúbal.
New-build median €/m², Q4 2019 to Q1 2026
Licensed new dwellings, trailing 12 months
Portugal total: 43,215 in the 12 months to Aug 2026 (+6.4% y/y).
Algarve
Resort coast sold to UK, Nordic, Dutch, German and Irish buyers. INE publishes it down to parish level.
| Municipality | New €/m² | Existing €/m² | Premium | New, 1y | Licensed, 12m |
|---|---|---|---|---|---|
| Loulé | €5,032 | €3,898 | +29.1% | +65.7% | 128 |
| Lagos | €4,131 | €3,727 | +10.8% | +7.3% | 230 |
| Faro | €3,860 | €2,831 | +36.3% | +11.9% | 106 |
| Vila Real de Santo António | €3,506 | €2,898 | +21.0% | +26.8% | 105 |
| Albufeira | €3,420 | €3,353 | +2.0% | +2.2% | 95 |
| Olhão | €3,333 | €2,592 | +28.6% | +20.0% | 160 |
| Aljezur | – | €3,234 | – | – | 22 |
| Tavira | €3,230 | €3,120 | +3.5% | +2.6% | 108 |
| Lagoa | €3,211 | €3,221 | -0.3% | +17.5% | 143 |
| Portimão | €3,184 | €3,120 | +2.1% | +20.6% | 256 |
| Castro Marim | €3,135 | €2,449 | +28.0% | – | 64 |
| Vila do Bispo | €2,877 | €3,326 | -13.5% | -4.3% | 35 |
| Silves | €2,812 | €2,818 | -0.2% | +1.0% | 98 |
| São Brás de Alportel | €2,385 | €2,371 | +0.6% | – | 55 |
| Monchique | – | €1,619 | – | – | 3 |
| Alcoutim | – | €839 | – | – | 3 |
- QuarteiraLoulé€5,714
- LuzLagos€4,577
- AlmancilLoulé€4,139
- São Gonçalo de LagosLagos€4,065
- União das freguesias de Faro (Sé e São Pedro)Faro€3,885
- OlhãoOlhão€3,751
- MontenegroFaro€3,693
- Armação de PêraSilves€3,514
- União das freguesias de Tavira (Santa Maria e Santiago)Tavira€3,438
- Albufeira e Olhos de ÁguaAlbufeira€3,420
- AlvorPortimão€3,205
- PortimãoPortimão€3,188
Lisbon metro
Grande Lisboa (incl. Cascais, Oeiras, Mafra/Ericeira) and the Setúbal peninsula.
| Municipality | New €/m² | Existing €/m² | Premium | New, 1y | Licensed, 12m |
|---|---|---|---|---|---|
| Lisboa | €6,226 | €4,896 | +27.2% | +23.4% | 1,170 |
| Cascais | €5,027 | €4,633 | +8.5% | -3.3% | 497 |
| Oeiras | €4,698 | €4,112 | +14.3% | +9.8% | 832 |
| Odivelas | €3,631 | €3,428 | +5.9% | +13.3% | 189 |
| Almada | €3,542 | €3,249 | +9.0% | +12.9% | 171 |
| Loures | €3,358 | €3,152 | +6.5% | +12.4% | 509 |
| Barreiro | €3,174 | €2,616 | +21.3% | +37.5% | 257 |
| Sesimbra | €3,161 | €2,869 | +10.2% | +25.1% | 149 |
| Sintra | €3,107 | €2,898 | +7.2% | +12.7% | 1,062 |
| Alcochete | €3,102 | €2,800 | +10.8% | +17.9% | 52 |
| Setúbal | €3,093 | €2,571 | +20.3% | +12.2% | 633 |
| Vila Franca de Xira | €3,029 | €2,789 | +8.6% | +30.6% | 408 |
| Mafra | €2,999 | €2,900 | +3.4% | +11.5% | 529 |
| Seixal | €2,994 | €2,772 | +8.0% | +8.8% | 741 |
| Montijo | €2,787 | €2,548 | +9.4% | +15.8% | 289 |
| Amadora | €2,680 | €3,177 | -15.6% | +5.0% | 500 |
| Moita | €2,572 | €2,360 | +9.0% | +18.0% | 121 |
| Palmela | €2,267 | €2,402 | -5.6% | +11.0% | 251 |
- Santo AntónioLisboa€9,577
- União das freguesias de Cascais e EstorilCascais€7,634
- Parque das NaçõesLisboa€7,368
- AreeiroLisboa€7,307
- Avenidas NovasLisboa€7,299
- CampolideLisboa€7,109
- Campo de OuriqueLisboa€7,010
- São Domingos de BenficaLisboa€6,720
- MisericórdiaLisboa€6,646
- EstrelaLisboa€6,142
- BelémLisboa€5,946
- AlcântaraLisboa€5,696
Porto metro
Área Metropolitana do Porto: Porto, Vila Nova de Gaia, Matosinhos, Maia and neighbours.
| Municipality | New €/m² | Existing €/m² | Premium | New, 1y | Licensed, 12m |
|---|---|---|---|---|---|
| Porto | €3,904 | €3,292 | +18.6% | +18.9% | 3,050 |
| Matosinhos | €3,596 | €2,847 | +26.3% | +13.5% | 689 |
| Espinho | €3,148 | €2,434 | +29.3% | +21.1% | 86 |
| Vila Nova de Gaia | €2,969 | €2,406 | +23.4% | +14.2% | 3,387 |
| Maia | €2,602 | €2,371 | +9.7% | +9.7% | 1,034 |
| Gondomar | €2,368 | €2,190 | +8.1% | +24.3% | 382 |
| Póvoa de Varzim | €2,329 | €2,374 | -1.9% | +8.4% | 230 |
| Valongo | €2,256 | €2,193 | +2.9% | +20.6% | 147 |
| Vila do Conde | €2,230 | €2,273 | -1.9% | +10.6% | 524 |
| Santo Tirso | €2,107 | €1,587 | +32.8% | +42.3% | 254 |
| São João da Madeira | €2,094 | €1,616 | +29.6% | +20.8% | 67 |
| Trofa | €1,886 | €1,846 | +2.2% | +3.1% | 139 |
| Santa Maria da Feira | €1,777 | €1,667 | +6.6% | +12.8% | 304 |
| Paredes | €1,651 | €1,630 | +1.3% | +15.5% | 299 |
| Oliveira de Azeméis | €1,453 | €1,401 | +3.7% | +14.4% | 96 |
| Vale de Cambra | – | €1,364 | – | – | 89 |
| Arouca | – | €947 | – | – | 69 |
- União das freguesias de Aldoar, Foz do Douro e NevogildePorto€5,321
- União das freguesias de Lordelo do Ouro e MassarelosPorto€4,335
- União das freguesias de Cedofeita, Santo Ildefonso, Sé, Miragaia, São Nicolau e VitóriaPorto€4,249
- CanideloVila Nova de Gaia€3,872
- União das freguesias de São Mamede de Infesta e Senhora da HoraMatosinhos€3,810
- BonfimPorto€3,776
- ParanhosPorto€3,735
- RamaldePorto€3,714
- União das freguesias de Matosinhos e Leça da PalmeiraMatosinhos€3,634
- EspinhoEspinho€3,228
- CampanhãPorto€3,077
- União das freguesias de Perafita, Lavra e Santa Cruz do BispoMatosinhos€2,982
Madeira
Região Autónoma da Madeira: Funchal, Santa Cruz, Calheta and the island municipalities.
| Municipality | New €/m² | Existing €/m² | Premium | New, 1y | Licensed, 12m |
|---|---|---|---|---|---|
| Funchal | €3,867 | €3,179 | +21.6% | +9.1% | 365 |
| Calheta (R.A.M.) | €2,835 | €1,612 | +75.9% | +17.6% | 49 |
| Câmara de Lobos | €2,732 | €2,240 | +22.0% | -4.7% | 284 |
| Santa Cruz | €2,599 | €2,620 | -0.8% | -1.9% | 186 |
| Porto Santo | – | €2,487 | – | – | 61 |
| Machico | – | €1,960 | – | – | 95 |
| Ponta do Sol | – | €1,653 | – | – | 41 |
| Santana | – | €1,577 | – | – | 10 |
| Ribeira Brava | – | €1,384 | – | – | 23 |
| Porto Moniz | – | €1,449 | – | – | 12 |
| São Vicente | – | €1,330 | – | – | 32 |
- São MartinhoFunchal€4,149
- Funchal (Santa Maria Maior)Funchal€3,194
Silver Coast
Oeste NUTS III: Óbidos, Caldas da Rainha, Nazaré, Peniche, Torres Vedras, Lourinhã.
| Municipality | New €/m² | Existing €/m² | Premium | New, 1y | Licensed, 12m |
|---|---|---|---|---|---|
| Nazaré | €2,970 | €2,332 | +27.4% | +2.0% | 137 |
| Óbidos | €2,556 | €2,147 | +19.0% | +13.8% | 86 |
| Torres Vedras | €2,507 | €2,222 | +12.8% | +33.6% | 536 |
| Arruda dos Vinhos | €2,502 | €2,066 | +21.1% | – | 44 |
| Peniche | €2,363 | €2,203 | +7.3% | +19.5% | 111 |
| Caldas da Rainha | €2,357 | €1,973 | +19.5% | +20.8% | 418 |
| Lourinhã | €2,072 | €2,012 | +3.0% | +0.5% | 200 |
| Alcobaça | €2,040 | €1,688 | +20.9% | +27.6% | 394 |
| Sobral de Monte Agraço | – | €1,872 | – | – | 23 |
| Cadaval | €1,675 | €1,393 | +20.2% | +43.2% | 59 |
| Bombarral | €1,575 | €1,582 | -0.4% | -21.1% | 62 |
| Alenquer | €1,548 | €1,978 | -21.7% | +7.6% | 56 |
INE does not publish parish-level figures for this region; municipality is the finest level available.
House prices and mortgage rates, nationally.
How these numbers are made.
Prices. INE Portugal, Estatísticas de preços da habitação ao nível local, indicator 0012234: median value per m² of dwellings sold in the last 12 months, by category (new, existing, total), from Q4 2019 to Q1 2026 (INE update of 2026-07-17). They are built from completed sales in Tax Authority administrative records, not from asking prices. Where INE publishes no value (for confidentiality or too few sales), the table shows “–”.
Licensing. INE indicator 0012098: dwellings licensed in new constructions for family housing in the last 3 months, monthly by municipality (INE update of 2026-10-09). Avena sums four non-overlapping 3-month windows to give a trailing 12-month total.
National prices and credit. Banco de Portugal, BPstat: house price index y/y for new and existing dwellings (series 5739036, 5739037; compiled by INE) and the median interest rate on new loans for permanent residential property, variable and fixed (series 12710733, 12710738).
Avena calculations. New-build premium = new ÷ existing − 1. One-year changes compare the same quarter or month a year earlier. Regions are INE NUTS III areas (NUTS 2024): Algarve; Grande Lisboa and Península de Setúbal; Área Metropolitana do Porto; Região Autónoma da Madeira; Oeste for the Silver Coast. Figures are otherwise unchanged from the source. Refreshed weekly; last build 2026-10-22.
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