House prices are rising in Portugal, excellent value to be had
Portugal’s housing market continues to recover. Property prices in Portugal rose by 1.81% (1.50% in real terms) during the year to March 2015, to an average price of €1,011 (US$ 1,104.72) per square metre (sq. m.), based on figures released by Statistics Portugal (INE). After more than three years of depression, house prices in Portugal started to rise again in 2014, amidst a struggling economy.
Among urban areas Vila Nova de Gaia had the highest annual house price increase of 7.67% during the year to March 2015, followed by Setúbal (7.51%), and Vila Nova de Famalicão (7.06%). Other notable house price increases were recorded in Sintra (5.03%), Lisboa (4.12%), Almada (2.98%), Vila Franca de Xira (2.53%), Matosinhos (2.19%), and Barcelos (2.08%).
