SYNTHESIS INE@COVID-19, 3-Nov-2021

November . 03 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 8/16 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Lisboa recovered from the negative growth rate in house prices, but registered an annual growth rate (+1.4%) lower than the national level (+6.8%) In the 2 nd quarter of 2021, the median price of dwellings in Portugal was €1,268/m 2 , representing increases of 6.8% year-on-year and 2.2% vis-à-vis the previous quarter. The increase in the year-on-year rate of change, which had been 3.5% in the 1 st quarter of 2021, shows an acceleration in house prices, interrupting the deceleration seen in that quarter. NUTS III regions The four sub-regions with the highest prices in the country recorded the following outcomes: • Região Autónoma da Madeira (€1,460/m 2 ): +11.5%; • Área Metropolitana do Porto (€1,333/m 2 ): +11.5%; • Área Metropolitana de Lisboa (€1,757/m 2 ): +9.7%; • Algarve (€1,875/m 2 ): +3.8%. Among the country’s 25 NUTS III regions, thirteen registered a year-on-year fall in house prices, with the sub-region Beira Baixa standing out: -16.2%. Alto Alentejo had the lowest median sales price concerning dwellings: €436/m 2 . Municipalities Among the municipalities with more than 100 thousand inhabitants, all those in the metropolitan areas of Lisboa and Porto, with the exception of Gondomar and Santa Maria da Feira, recorded median house prices higher than the national average (€1,268/m 2 ), with the emphasis on: • Lisboa: €3,497/m 2 ; • Cascais: €3,040/m 2 ; • Oeiras: €2,519/m 2 ; • Porto: €2,189/m 2 ; • Odivelas: €2,137/m 2 . The majority of the 15 municipalities with over 100 thousand inhabitants in the metropolitan areas showed year-on-year rates of change higher than the national rate (6.8%), with Maia (+16.8%) and Matosinhos (+15.4%) standing out. The following are exceptions, with year-on-year rates of change lower than the national rate: Lisboa (+1.4%), Porto, Amadora (both +5.1%), and Oeiras (+5.9%). Amongst themunicipalitieswith over 100 thousand inhabitants outside themetropolitan areas, only Funchal (€1,615/m 2 ) and Coimbra (€1,404/m 2 ) had median prices above the national average, but both registered year-on-year growth lower than the country (+2.2% and +4.6%, respectively). More information is available at: House prices at local level – 2 nd quarter of 2021 (28 October 2021)