Lisbon is also the most expensive city in Portugal to buy a house. The median cost of housing in the Portuguese capital reached 5,642 euros per square meter (euros/m2) at the end of June, the highest value ever in the idealista series dating back to 2015. Houses for sale in Lisbon are costing twice the national median (2,683 euros/m2).

When analysing the 15 most expensive district capitals to buy a house in Portugal and Spain, the city of Lisbon once again appears in the first place. Data from idealista reveals that house prices in Lisbon are 25% higher than in Madrid (4,514 euros/m2) and 27% higher than the median in Barcelona (4,430 euros/m2), despite both Spanish cities having recorded new price records in June.

Even compared to San Sebastián (5,461 euros/m2) – which is the most expensive municipality to buy a house in Spain, ranking second in this ranking – house prices in the Portuguese capital are 3% higher.

After Lisbon, the highest cost of housing for sale in Portugal is found in Porto (3,578 euros/m2) and Funchal (3,388 euros/m2), which are in 6th and 7th place, respectively. And in this ranking, there are only two other cities in our country: Faro (2,979 euros/m2), which is in 10th place; and Aveiro (2,534 euros/m2), which occupies last place.

Spanish cities dominate the list of the 15 most expensive cities to buy a house in the Iberian Peninsula (there are 10 cities in total, compared to 5 in Portugal). However, Lisbon, Porto, and Funchal still have median house prices for sale that are higher than large cities in neighbouring Spain, such as Bilbao (3,301 euros/m2) and Málaga (3,016 euros/m2).