The average price of homes in Portugal rose by 17.8% in the second quarter of this year, to 1,494 euros per square meter (m2), but housing price data at the local level, released on Tuesday by the National Statistics Institute, reveals some regional Variations in the development of this indicator.
Although the average price has increased in all 25 NUTS III sub-districts, the analysis by the municipality shows that in seven of the 24 with more than 100,000 residents there were SlowerLisbon highlight (-6.1 percentage points), which posted a 7.6% growth in the second quarter.
In six other municipalities, out of 11 in the Lisbon metropolitan area, which has more than 100,000 residents, there has been an acceleration in price growth, “with Loures (+8.8 p)”, says the National Statistics Institute.
However, “all municipalities with a population of over 100,000 in urban areas in Lisbon recorded average housing prices above the national value (1494€/m2), especially Lisbon (3786€/m2) and Casques (3491€/m2). euro/m2).) with values over 3000 euro/m2″, according to the National Institute of Statistics.
In the Porto metropolitan area, “there was also an increase in the rate of change year-on-year in four of the six municipalities with populations over 100,000, The highlight of the port (+9.2 pp) and Matosinhos (+5.3 pp),” says the statistical entity.
Also in this NUT III, all municipalities with a population of more than 100 thousand have average prices above the national value, except for Gondomar and Santa Maria da Feira.
Among this group of 17 municipalities with metropolitan areas of more than 100,000 inhabitants, those with annual variation above the national total are: Setúbal (+23.5%), Vila Nova de Gaia (+23.4%), Sintra (+23.5%), +19.8%), Porto (+18.5%), Oeiras (+18.2%) and Almada (+17.9%).
“On the contrary, Cascais (+15.7%) and Lisbon (+7.6%) have year-on-year rates of change lower than the national average, with the Lisbon municipality having the lowest rate among 24 municipalities with more than 100,000 residents.”
The two sub-regions with the highest average prices are the Algarve (€2358/m2) and the Lisbon metropolitan area (2076€/m2). “They were also those that showed the highest values in both categories of the buyer’s tax domicile: the national territory (respectively, 2,222 euros/m2 and 2050 euros/m2) and abroad (2734 euros/m2 and 3782 euros/m2).
In short, the average price of a family home purchased in the Algarve shows a difference of about 500 euros per square meter between domestic and foreign buyers. In the Lisbon region, this difference is about 1050 euros.
Regionally, says the National Institute of Statistics, “only the Algarve region recorded, at the same time, the average house price value (€2358/m2) and annual rate of change (+23.8%) higher than the country (1494)€/m 2) m2 and +17.8%).
In the urban areas of Lisbon (2076€/m2) and Porto (1576€/m2) and in the Autonomous Region of Madeira (1534€/m2), the average prices are also higher than the value added of the country. However, the annual change translates into lower growth than the national figure (+16.5%, +17.5%, +5.8%, respectively).
At the bottom of the list, Alto Alentejo remains the NUT III area with the lowest average price, €500/m2.
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