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In 18 out of the 24 municipalities with more than 100 thousand inhabitants median house prices decelerated
House prices statistics at local level
In 18 out of the 24 municipalities with more than 100 thousand inhabitants median house prices decelerated - 1st Quarter 2021
15 July 2021

Summary

In the 1st quarter of 2021, median house price of dwellings sales in Portugal was 1 241 €/m2, representing a year on year growth rate of +3,1%. In 10 NUTS III there was a deceleration in house prices higher than the observed in the country (-4.7 percentage points), including Algarve (-5.8 p.p.) and Área Metropolitana de Lisboa (-5.5 p.p.). The remaining NUTS III, with median house prices higher than the national value, also registered deceleration of the median house prices, however, below the one observed in the country – Região Autónoma da Madeira (-2,3 p.p.) and Área Metropolitana do Porto (-3,6 p.p.).
In 18 out of the 24 municipalities with more than 100 thousand inhabitants median house prices decelerated and, of this group, 10 belonged to the Área Metropolitana de Lisboa and 3 to the Área Metropolitana do Porto. With reference to the 24 municipalities with more than 100 thousand inhabitants, Lisboa was the only municipality to register a year on year growth rate reduction of median house price (-7,9%), in the 1st quarter of 2021 and Oeiras, the only municipality in the Área Metropolitana de Lisboa that recorded an acceleration in the median house price (+6.9 p.p.) to a rate of change of +12.3%.


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