In the 3rd quarter of 2024, the median house price of dwelling sales in Portugal was 1,819 €/m2, following a variation rate of 10.8% in relation to the 3rd quarter of 2023 (6.6% in the previous quarter). Compared to the same period in 2023, the median house price increased in 22 of the 26 NUTS 3 sub-regions, with the Alto Alentejo sub-region standing out with the highest growth (26.3%).

The five sub-regions with the highest median house prices – Grande Lisboa, Algarve, Região Autónoma da Madeira, Península de Setúbal and Área Metropolitana do Porto – also presented the highest values in both categories of the purchaser's tax residence (national territory and foreign). In Grande Lisboa and Área Metropolitana do Porto sub-regions, the median price (€/m2) of transactions carried out by purchasers with tax residence abroad exceeded the price of transactions by purchasers with tax residence in the national territory by 63.3% and 54.2%, respectively.

In the 3rd quarter of 2024, house prices accelerated in 13 of the 24 municipalities with more than 100 thousand inhabitants (12 in the 2nd quarter of 2024), with Maia showing the highest increase, of 13.8 percentage points (p.p.). The biggest decreases in the year-on-year growth rates occurred in Porto (-10.7 p.p.) and Matosinhos (-10.3 p.p.). The municipality of Lisboa recorded an increase of 1.9 p.p. The municipalities of Lisboa (4,336 €/m2), Cascais (4,052 €/m2), Oeiras (3,576 €/m2) and Porto (2,960 €/m2) had the highest house prices.