According to the Idealista platform, the municipality of Alcoutim, located in the Algarve (district of Faro), saw the strongest increase in house prices between November 2023 and November 2024. Here, prices rose by as much as 54.6% year-on-year. Currently, the average price for buying a home in this municipality is €1,159 per square meter.
After Alcoutim, the municipality of Vila Nova da Barquinha in the district of Santarém follows, where prices rose by 36.5%. Significant increases were also seen in the municipalities of Marco de Canaveses and Amarante (both in the district of Porto), with 34.8% and 32% respectively.
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Municipalities with an annual price increase of less than 30% are:
Covilhã (Castelo Branco) +29.8%;
Golegã (Santarém) +29.0%;
Valença (Viana do Castelo) +28.7%;
Lagoa (São Miguel) on the island of São Miguel, Azores +28.1%.
The top 10 municipalities with the largest annual price increases are completed by Constância (Santarém) and Ribeira Grande (São Miguel), where prices rose by 27.1% and 26.1% respectively.
Where are house prices falling?
The largest drop in house prices was recorded in the municipality of Borba, in the district of Évora, where prices fell by 29.6%. This was followed by São João da Pesqueira (Viseu) with a drop of 20.5% and Mortágua (Viseu) with a drop of 15.3%.
Other significant drops in the prices of homes for sale were seen in:
Sabugal (district of Guarda) -12.2%; Proença-a-Nova (Castelo Branco) -12.0%.
In the district of Coimbra, prices in Condeixa-a-Nova and Miranda do Corvo fell by 11.8% and 10.4% respectively. In Murtosa, district of Aveiro, a decrease of 10.1% was visible.
Finally, prices in the municipalities of Mangualde and Nelas, both in the district of Viseu, fell by 9.7% and 8.2% respectively.
Data provided by the Idealista platform.
