Portugal’s real estate market recorded another year of strong growth in 2025, according to the latest statistics.
According to data from Confidencial Imobiliário, an independent real estate data firm, house prices shot up 23.4%, nationwide, compared to 2024.
While the national figure is striking in itself, the latest statistics reveal the most significant increases were not concentrated in popular city centres such as Lisbon or Porto, but rather in secondary cities and interior districts.
One of the standout performers was the municipality of Santo Tirso, in the Porto district, which registered a remarkable 38% increase in house prices in 2025 compared to the previous year.
This places Santo Tirso among the municipalities with the highest levels of appreciation nationwide, reflecting growing demand beyond Portugal’s traditional property hotspots.
This shift suggests buyers are increasingly drawn to more affordable locations offering better value for money, improved infrastructure and a higher quality of life.
Looking specifically at district capitals, several recorded price increases well above the national average.
Beja, Bragança, Castelo Branco, Santarém, Portalegre, Évora, Setúbal, Faro and Aveiro all posted annual growth rates ranging from 24.8% to 33.5% in 2025.
Within the Lisbon Metropolitan Area, price growth varied significantly. Barreiro led the region with a robust 32.5% increase, reinforcing its status as one of the capital’s fastest-growing residential markets.
At the other end of the scale, Cascais recorded the lowest appreciation in the metropolitan area, at 15.8%, although this still represents a substantial annual rise.
In the Porto Metropolitan Area, Gondomar stood out with a 31.3% increase in house prices.
Meanwhile, growth was more contained in Póvoa do Varzim, which nevertheless saw prices rise by 13.7% over the year.
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