Housing Valuations Rise 17.7 Percent in Portugal

Housing valuations in Portugal continue to rise, with the median value at €1,995 in September 2025. This is a 17.7 percent year-on-year rise, according to the National Institute of Statistics (INE), indicating the market value of houses in Portugal continues to rise substantially.

Capital Appreciation of Portugal Properties 

According to INE, in September 2025, the median bank appraisal value for housing increased to €1,995 per square meter, an increase of 1.5 percent (€30) compared to August 2025.

Portugal’s real estate market showed property value increases in several of the most popular and key areas in the country. The Greater Lisbon Area, the Algarve, the Setúbal Peninsula, the Alentejo coastal area, and the autonomous island of Madeira all recorded appraisal values that were higher than the national average.

On the other side of the spectrum, the northeastern Alentejo, Beiras and Serra da Estrela, and Beira Baixa showed lower values compared to the national median.

Setúbal Posts Strongest Year-on-Year Surge

The most noticeable increase, when comparing year-on-year property value increases, was in the Setúbal Peninsula, registering a +25.9 percent increase. Just a short drive south of Lisbon, Setúbal now has a strong international community and is popular with both local and foreign buyers. Setúbal, Portugal, real estate, is gaining attention for its strong growth prospects and affordable entry prices (€3,666 per square meter), with access to both nature and urban life.

The autonomous islands of Azores showed the most significant increase in house valuations in September compared with the previous month of +2.9 percent. Property prices in São Miguel, the largest island of the Azores, stand at €2,246 per square meter. The stunning natural landscapes and high quality of life key pull factors for those considering buying property in the Azores.

Market Momentum Remains Strong

The continued increase in appraisal values underscores the sustained demand in the Portuguese property market, which is driven by both domestic and foreign interest, alongside limited supply in key coastal areas.

While increased demand has led to significant price increases, property owners are in an advantageous position as houses continue to appreciate well over time.

also read: property tax for foreighn buyers

Goldcrest: How We Can Help You 

Goldcrest is the first buyer’s agent in Portugal. We provide expert, impartial advice on real estate investments and how to buy property in Portugal. From scouting out the perfect property through to property acquisition, we have you covered throughout the process. 

Unlike traditional real estate agents in Portugal who represent the seller, we are dedicated exclusively to protecting the buyer’s interests. 

If you are looking to purchase property in Portugal, don’t hesitate to get in touch. Our team of skilled experts is available to solve all your real estate doubts, helping you with the property search and offering insightful expertise and strategic advice. 

Why choose Goldcrest?

• Local knowledge: With offices located across Portugal, our presence nationwide allows us to assist you personally across the country.
• Independent service: As an independent buying agent, we do not represent any development or project. Our service is entirely tailored toward each individual client, providing you with everything you need to secure the perfect property at the best possible price.
• Streamlined process: Our real estate agents speak English and Portuguese, and our service is completely focused on providing you with a hassle-free buying experience, saving you time. We can also help you buy property remotely.
• Experienced team: Our expert real estate team has a vast local knowledge of the Portuguese property market. We have cutting-edge technology and metasearch tools at your disposal to provide full market coverage, ensuring the best investment choices and negotiated prices.
• Network of partners: We have a close network of partners, including lawyers, property management services, builders, architects, designers, and landscape gardeners, again saving you time and hassle by providing you with trusted experts in their field of work.