In the 1^st quarter of 2025, the median house price of the 40,163 family dwellings transacted in Portugal was 1,951 €/m², following a variation rate of 18.7% in relation to the 1^st quarter of 2024 (15.5% in the previous quarter). The number of family dwellings sales in Portugal increased by 24.9% compared to the same quarter of 2024. The median house price increased, compared to the same period in 2024, in the 26 NUTS 3 sub-regions, with the Alto Alentejo standing out with the highest growth (51.6%).

The 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 foreign tax residence exceeded the price of transactions by purchasers with tax residence in the national territory by 52.5% and 32.3%, respectively.

In the 1^st quarter of 2025, house prices accelerated in 16 of the 24 municipalities with more than 100 thousand inhabitants (in 19 in the 4^th quarter of 2024), with the municipalities of Santa Maria da Feira (+15.8 p.p.) and Cascais (+14.8 p.p.) showing the largest increases. The biggest decrease in the year-on-year rate of change occurred in the municipality of Funchal (-40.2 p.p.). The municipalities of Lisboa and Porto recorded decreases of 1.1 p.p. and 2.0 p.p. in the year-on-year growth rates from the 4^th quarter of 2024 to the 1^st quarter of 2025. The municipalities of Lisboa (4,492 €/m²), Cascais (4,477 €/m²), Oeiras (3,983 €/m²), Porto (3,066 €/m²), and Odivelas (3,048 €/m²) had the highest house prices.