In the 4th quarter of 2021, median house price of dwellings sales in Portugal was 1 355 €/m2, representing a year-on-year growth rate of +14.1% (+12.2% in the previous quarter). In 23 of the 25 NUTS 3 sub-regions, there was also an increase in median house prices compared to the same period in the previous year.
The two sub-regions with the highest median house prices - Algarve (2 114 €/m2) and Área Metropolitana de Lisboa (1 904 €/m2) - also had the highest values in both categories of purchase's tax residence: National Territory (respectively, 1 969 €/m2 and 1 858 €/m2) and foreign (2 547 €/m2 and 4 283 €/m2).
In the 4th quarter of 2021, the year-on-year growth rate in house prices increased in 7 out of the 11 municipalities with more than 100 thousand inhabitants in the Área Metropolitana de Lisboa, with this acceleration being higher than the observed at national level (+1.9 p.p.) in Setúbal (+9.8 p.p.) Loures (+3.0 p.p.), Almada (+2.2 p.p.) and Oeiras (+2.1 p.p.).
In the Área Metropolitana do Porto, the municipalities of Maia (+10,5 p.p.) and Vila Nova de Gaia (+8,1 p.p.) also scored an increase in the year-on-year rates of change higher than the country. In Lisboa (+0,4 p.p.) and Porto (+0,9 p.p.) the acceleration was less expressive.