The price of houses in Portugal increased by 0.5% in the second quarter of 2020, compared to the previous quarter, remaining at around €2,070sqm, according to Idealista data.

The results show that the real estate market in Portugal remains active and continued to flourish even during the pandemic. Top of the list of the most expensive municipalities to buy or rent a house in Portugal is the area of Santo António, in Lisbon, including Avenida da Liberdade and surrounding areas where average prices are €6,539sqm.

Carcavelos and Paredes are the most searched for areas, whether to buy or to rent a house. However, the areas that see more sales activity are Queluz and Belas, while Lumiar is the most active rental market. 

However, when analysing the total price paid, Cascais and Estoril, along the coastline to the west of Lisbon are the most expensive areas to buy a house in the country (averaging just over €1m). They are followed by Almancil (average €895,000), Avenidas Novas (€858,000) and Aldoar-Foz do Douro (€849,000).