brytfmonline

Complete News World

Buying a home is becoming increasingly expensive, and prices continue to rise in these provincial capitals – Executive Summary

Buying a home is becoming increasingly expensive, and prices continue to rise in these provincial capitals – Executive Summary

Home prices continue to rise, and February was no exception. In the second month of the year, prices rose 0.6% in February compared to the previous month, and 6.2% compared to the same month in 2023.

According to the Idealista price index, the cost of purchasing a home was, on average, €2,596 per square meter (€/m2) at the end of February this year. This scenario is evident in seven regional capitals, between January and February, where Évora leads the increases (2.3%).

Thus, house prices rose in February in seven regional capitals, with Évora (2.3%), Guarda (1.4%) and Coimbra (1.4%) topping the list. Followed by Viseu (1.2%), Braga (1%), Setubal (0.8%) and Porto (0.6%).

On the other hand, prices fell in Ponta Delgada (-3.1%), Beja (-1.7%), Aveiro (-1.3%) and Bragança (-0.7%).

Lisbon remains the most expensive city to buy a house, with a price per square meter of €5,538. Porto (€3,517/m2) and Funchal (€3,214/m2) occupy second and third places, respectively. Followed by Faro (2924 euros/m2), Aveiro (2473 euros/m2), Setubal (2286 euros/m2), Évora (2056 euros/m2), Viana do Castelo (1877 euros/m2), Coimbra (1864 euros). /m2), Ponta Delgada (1822 euros/m2), Braga (1794 euros/m2), Leiria (1447 euros/m2) and Viseu (1428 euros/m2).

The most economical cities are Guarda (€795/m2), Castelo Branco (€869/m2), Beja (€913/m2), Bragança (€917/m2) and Santarem (€1,213/m2).

The data also shows that the ranking of the most expensive areas to buy a house is led by Lisbon (3,987 euros/m2), followed by Faro (3,303 euros/m2), Madeira Island (2,920 euros/m2), and Porto (2,567 euros). /m2), Setubal (2469 euros/m2), Porto Santo Island (2313 euros/m2), Aveiro (1680 euros/m2), Sao Miguel Island (1651 euros/m2), Leiria (1585 euros/m2), Braga ( 1,526 euros/m2, São Jorge Island (1,495 euros/m2), Santa Maria Island (1,457 euros/m2), Viana do Castelo (1,432 euros/m2), Pico Island (1,409 euros/m2), Coimbra (1,401 euros/m2). ) m2), Faial Island (1375 euros/m2), Évora (1256 euros/m2), Terceira Island (1201 euros/m2) and Santarém (1137 euros/m2).

See also  PSI-20 Renews Three-Year Highs With 3% Gains For Both EDP And BCP - Stock Exchange

On the other hand, the most economical prices are in Portalegre (708 euros/m2), Guarda (720 euros/m2), Bragança (858 euros/m2), Castelo Branco (900 euros/m2), Vila Real (971 euros/m2) . m2), Viseu (1081 euros/m2) and Beja (1082 euros/m2).