The latest Imovirtual Barometer, produced by the property portal specialising in the housing market and published in May 2026, put the average asking price of a home in Portugal at €430,500. This figure covers all types of property, both new and existing, and is beyond the reach of a large part of the population.
A quick search on a property portal or a walk past estate agents' windows is enough to see how far house prices in Portugal have risen. But is it no longer possible to buy cheaper homes? The answer depends on several factors, the first being the lack of properties available.
"Without new homes coming onto the market and with extremely dynamic demand, it is becoming very difficult for young people and for Portuguese families to manage to buy their own home," Patrícia Barão, president of the Professional Association Representing Portugal's Estate Agents (APEMIP), explained in an interview with Euronews.
On top of that, "we have the cost of land, the cost of construction, the cost of labour, project and specialist fees, taxes and planning charges," Barão said, all of which make a major contribution to high housing prices.
Ricardo Vagarinho, CEO of the construction company MomentVM, pointed to another factor that has helped drive up market prices. "It seems that a new threshold has now been set based on what the government has allowed young people, giving them the possibility of buying a property with a state-backed guarantee, with an upper limit of €450,000," which led the market to "push prices up across the board, for both resale and new homes, because people have that financing available," he told Euronews.
