In the third quarter of this year, the average selling price of apartments in Portugal registered a slight fall of 0.51% in the third quarter, still under the effect of the pandemic, with a 8.38% decrease in Lisbon reaching 3,320 euros / m2 , decreased 4.13% in Faro and fell 0.82% in Porto (2.128 euros / m2), while Leiria and Aveiro registered the most accentuated increases, of 6.63% and 6.45%, respectively.
These are the latest data from Casafari, a Portuguese proptech that carried out a ‘Market Report’, related to Lisbon, Porto and Faro, and other major Portuguese cities with data for the third quarter of 2020.
The data also show that the municipalities of Lisbon, Cascais and Oeiras appear as the most expensive in Greater Lisbon, with the highest average selling prices, 275,162, 271,177 and 169,722 euros, respectively, while the municipalities of Sobral de Monte Agraço, Arruda dos Vinhos and Cadaval appear as the most accessible.
The municipality of Porto (278,657 euros), Matosinhos (235,895 euros) and Póvoa de Varzim (198,834 euros) stand out for being the municipalities with the most expensive average selling price. The municipalities of Amarante, Lousada and Marco de Canaveses have the lowest average prices.
The municipality of Loulé, Vila do Bispo and Lagos remain the municipalities with the highest average selling price, while Silves, Vila Real de Santo António and Alcoutim appear as the most affordable average prices;
In Lisbon, there was an increase in average prices in the three types (T1, T2 and T3), between 0.8% and 3.6%, while in Porto the type T3 was the only one to see a decrease in prices average sales, of 0.2%, as in Faro the T3 typology was the only one that fell in prices, of 0.5%.
The district with the highest selling price continues to be led by Lisbon (336,311 euros), followed by Faro (227,101 euros) and Porto (204,960 euros). Guarda (79,487 euros), Portalegre (82,130 euros) and Santarém (88,006 euros) remain the most accessible areas.
Lease: these are the prices to take into account
Lisbon continues to be the district with the highest average income in the country, at 13.9 euros / m2, while the average rent in Porto is 10 euros / m2 and in Faro it is around 8.5 euros / m2.
In Lisbon, there was an increase in average prices in the three types (T1, T2 and T3), between 0.8% and 1.6%, the same happening in Porto, with variations between 1.1% and the 10%, while in Faro the T1 typology was the only one that saw a decrease in prices (-3.5%).
The housing supply of houses for sale in Faro increased considerably, by 12.6%, in the third quarter, followed by Lisbon and Porto with increases of 10.5% and 9.6%, respectively. However, Vila Real has the highest appreciation of available stock: 61.3%
In Lisbon, the available stock of apartments for sale increased in the three types analyzed, with increases between 4.2% and 9%, while in the stock for rent there was a decrease in types T1 and T3.
In Porto, the number of apartments for sale increased in types T1 and T3, while in the stock of apartments for rent there was a fall between 3.9% and 6.3% in the three types.
In the district of Faro there was an increase in the offer of apartments for sale in the three types analyzed, between 3.9% and 5.1%, the same occurring in the stock of apartments for rent, with increases between 14% and the 21%.