Portuguese home prices climb 7.5 per cent to October record
The idealista index showed a quarterly increase of 1.2 per cent, with Lisbon still the country's most expensive city.
Portugal ended October with a record median home price of €3,249 per square metre, the idealista price index showed. The national figure was 7.5 per cent higher than a year earlier.
Annual asking-price increases were recorded across the full group of 20 district capitals and autonomous regions examined. The strongest gain was in Vila Real, at 20.3 per cent. Next came Guarda with 18.4 per cent, Beja with 17.6 per cent, Leiria with 16.9 per cent and Faro with 15.5 per cent.
In the city ranking, Lisbon's median stood at €6,248 per square metre, putting it ahead of Porto and Funchal. Castelo Branco occupied the lowest-priced position, at €1,119 per square metre.
For regions, the highest median was €4,525 per square metre in the Lisbon Metropolitan Area. The Algarve ranked next, followed by the Autonomous Region of Madeira. The lowest regional figure was in the Centre region, where the median reached €1,810 per square metre.
