2022 Edition 10 MONTHLY STATISTICAL BULLETIN Housing prices accelerated significantly in Lisboa In the 3rd quarter of 2021, the median price of dwellings in Portugal was €1,311/m2, which represents an increase of 12.2% in year- -on-year terms and an acceleration in housing prices (in the previous quarter, the year-on-year rate of change was 6.8%). NUTS III regions All 25 NUTS III regions recorded year-on-year increases in house prices, with the most notable being: • Alentejo Central: +17.1%; • Cávado: +13.1%; • Oeste: +12.6%. These three regions and Algarve registered higher growth rates than the country. The four NUTS III sub-regions with the highest prices were: • Algarve (€2,057/m2); • Área Metropolitana de Lisboa (€1,823/m2); • Região Autónoma da Madeira (€1,397/m2); • Área Metropolitana do Porto (€1,364/m2). The Alto Alentejo region had both the lowest year-on-year rate of change and the lowest median sales price of dwellings: +0.4% and €452/m2, respectively. Municipalities Of the municipalities with more than 100 thousand inhabitants, all of the fifteen that make up the metropolitan areas of Lisboa and Porto, except Gondomar and Santa Maria da Feira, recorded median house prices above the national level (€1,311/m2), with the emphasis on: • Lisboa: €3,592/m2; • Cascais: €3,100/m2; • Oeiras: €2,618/m2; • Porto: €2,319/m2; • Odivelas: €2,190/m2. Of the same fifteen municipalities, five showed year-on-year rates of change higher than the national rate (12.2%), more so: • Vila Franca de Xira: +18.6%; • Matosinhos and Cascais: +14.1% in both; • Seixal: +13.1%; • Lisboa: +12.8%. Conversely, the following registered year-on-year rates of change lower than the national rate: • Oeiras: +10.3%; • Odivelas: +8.9%; • Porto: +3.9%. Amongst the municipalities with over 100 thousand inhabitants outside metropolitan areas, only Funchal (€1,850/m2) and Coimbra (€1,445/m2) had median prices higher than the national average, but both had year-on-year increases lower than the country (+5.5% and +8.4%, respectively). More information is available at: House price statistics at the local level – 3rd quarter of 2021 1 February 2022
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