By dividing the total amount transacted in houses in Portugal in the second quarter of 2024 (around 7.9 billion euros) by the number of houses sold in that period (37,125 homes), it can be concluded that houses were sold for the average price of 212,167 euros nationwide. This is the highest house price in Portugal recorded by the INE, in a series that dates back to 2009. And it reflects a 3.3% increase in the cost of housing compared to a year ago and a 44% increase compared to the same quarter of 2019 (i.e., in five years).

Greater Lisbon is where buying a house is most expensive, with the average price rising to 360,557 euros, 70% more than the national average. Right after it is the Algarve (321,699 euros), with the price of houses exceeding that recorded in Portugal by 52%.

The region of the country with the lowest house prices of all is Alentejo (116,766 euros), a value 45% below the national average. In addition to this, there are five other regions where it is possible to buy a house at lower prices than the national average: Centro (124,518 euros), Oeste e Vale do Tejo (146,243 euros), Região Autónoma dos Açores (158,937 euros), Norte (175,092 euros) and Grande Porto (210,154 euros).