House prices in Portugal continue to rise across all of the country
2020 was a year marked by the pandemic, but not even that brought down Portuguese property prices. Houses prices in Portugal rose 8.4% in one year, considering data from September 2021 and the same month last year, according to data from Statistics Portugal (INE).
Property prices have risen in all regions, with the Autonomous Region of Madeira heading up the list with an increase of 17.4 %. This is followed by the Metropolitan Area of Lisbon – 10.1 %, the Algarve – 7.9 %, the Centre – 7.8 %, the North – 7.1 %, the Alentejo – 5.8 % and the Autonomous Region of the Azores – 4.7 %.
The highest increases happened in Vila Real – 19.9 %, Ilha da Madeira – 17.4 %, Évora – 14.7 %, Setúbal – 12.5 %, Aveiro – 12.4 %, Lisbon – 10.2 %, Leiria – 9.5%, Porto – 8.4 %, Faro – 7.9 % and Santarém 6.6 %. The most expensive districts list continues to be led by Lisbon
But even with increasing property prices it’s still very attractive to invest in Portugal. One of the appealing factors for investors at the moment is that mortgage rates are now so low that an investment property should be self-financing.
