According to data shared by idealista, at the end of August 2023, buying a house in the national market had a median cost of 2,526 euros per square meter (euros/m2). Although at a monthly level they stabilised in August as in July, in terms of annual variation, house prices in Portugal rose 5.6%.

Looking at the 20 district capitals analyzed, it appears that the prices of houses to buy rose in 11 cities in August, with Viseu (3.5%), Leiria (3.4%) and Ponta Delgada (3.2% ) to top the list. Next are Beja (2%), Braga (1.8%), Bragança (1.6%), Guarda (1%), Coimbra (0.8%), Setúbal (0.8%), Viana do Castelo (0.7%) and Funchal (0.6%).

On the other hand, prices of homes for sale remained stable in Faro (0%), Castelo Branco (-0.2%), Lisbon (-0.3%) and Santarém (-0.4%). There were also five district capitals where houses to buy became cheaper between July and August: Évora (-7.7%), Vila Real (-6.8%), Aveiro (-2.2%), Portalegre (- 0.7%) and in Porto (-0.6%).