Official Portal - Statistics Portugal

Year-on-year reduction of house prices in Lisboa
House prices statistics at local level
Year-on-year reduction of house prices in Lisboa - 3rd Quarter 2020
02 February 2021


In the 3rd quarter of 2020 (last 3 months), median house price of dwellings sales in Portugal was 1 168 €/m2. Four out of 25 sub-regions NUTS III registered a median house price above national value: Algarve (1 806 €/m2), Área Metropolitana de Lisboa (1 650 €/m2), Região Autónoma da Madeira (1 332 €/m2) and Área Metropolitana do Porto (1 264 €/m2).
The reduction in the year-on-year growth rate between the 2nd and 3rd quarter was not a uniform trend in the territory. In 12 NUTS III there was a deceleration in house prices higher than that observed in the country (-1.8 percentage points). Even so, in nine sub-regions, had an increase of house prices.
With reference to the 24 municipalities with more than 100 thousand inhabitants, between the 2nd and 3rd quarter of 2020, in nine there was a greater deceleration in house prices than the national standard (-1.8 p.p.), with the municipalities of Amadora (-9.3 p.p.), Cascais (-8.9 p.p.) and Lisboa (-8.1 p.p.) standing out. Lisboa was the only municipality with more than 100 thousand inhabitants with a year-on-year growth rate reduction in house prices (-1.8%).
The municipalities of Almada (+12.5 p.p.), Porto and Funchal (both with +10.5 p.p.) registered the higher acceleration of house price growth between the 2nd and 3rd quarter of 2020.
In box 1 (page 13), the relationship between the values of bank appraisals carried out by the banks for mortgage loans and the house prices suggests lower bank appraisals values in municipalities with median house prices above 981 €/m2. In most municipalities in the metropolitan areas, there were lower bank appraisal values compared to median house prices, with Cascais (-509 €/m2 compared to the price) and Lisbon (-317 €/m2) standing out.

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