The average sale price of homes in Portugal in the third quarter of this year recorded a year-on-year increase of 9.3% to €403,340, according to the Portuguese property website imovirtual.com.

The average sale price represented an increase of €34,000, the real estate firm said in a statement. In relation to the previous quarter, the average sale value of houses also increased by 2.5%.

Lisbon, Faro and Madeira, as well as Setúbal and Porto, were the most expensive districts to buy a house in Portugal in the third quarter of this year, but the biggest price increases occurred in Évora and Madeira, the report added.