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House prices in Portugal continue to rise, but only slowly in Lisbon

The average price of housing increased across Portugal in the second quarter, according to the National Statistics Institute (INE), with a deceleration in the capital Lisbon and an acceleration in Porto, the country´s second biggest city.

According to INE, between April and June 2022, the average housing price increased in all 25 sub-regions compared to the previous year.

The median price of residential accommodation transacted in Portugal was EUR 1,494 per square meter (EUR/m2), corresponding to an increase of 2.8% compared to the first quarter of 2022 and 17.8% compared to the same period . . .

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