The median house price increased by 16.1% in the third quarter of last year, and compared to the same period in 2024revealed this Monday the National Statistics Institute (INE). The value per square meter reached 2,111 euros. Despite the strong increase, there is a slowdown when compared to the 19% increase seen in the second quarter.
Between the months of July and September, 41,117 houses were sold in the country, an increase of 4% compared to the same period in 2024.
In half of the country’s large cities (municipalities with more than 100 thousand inhabitants), housing prices continued to increase in the third quarter of 2025. Even so, a slight reversal of the trend can be noted. As INE notes, in the second quarter, the increase in housing costs covered 19 of the 24 largest cities in the country.
In Greater Lisbon, the Setúbal Peninsula and the Porto Metropolitan Area, with the exception of Santa Maria da Feira, median house prices exceeded the national value (2,111 €/m2, already mentioned).
In the three months of last summer, it was the municipalities of Lisbon (€5,000/m2), Cascais (€4,713/m2) and Oeiras (€4,361/m2) that had the highest housing prices. But it was the municipalities of Coimbra and Setúbal that recorded the biggest increases: 14.8 percentage points (pp), and 11.4 pp, respectively.
The biggest decreases in the year-on-year rate of change occurred in Vila Nova de Gaia (-9.2 pp) and Santa Maria da Feira (-8.6 pp).
In Lisbon and Porto, the largest urban centers in the country, increases of 3.9 pp and 6.2 pp were observed in year-on-year rates of change from the second to the third quarter of 2025.
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