Guarda is the cheapest district to buy house used in Portugal – The Economic Journal

Guarda is the cheapest district to buy house used in Portugal - The Economic Journal


The price of homes rose by 3.3% in the first three months of the year, compared to the last quarter of 2018, at 1,849 euros per square meter (m2), according to the "Idealista" Monday. This is an increase of 17% in year-on-year terms.

As for the regions, none was unaffected by the increase in prices, quarterly, with the exception of the Center and the Autonomous Region of the Azores, which fell by 4.7% and 5.7%, respectively. The Lisbon Metropolitan Area (AML) remains the most expensive region.

The "Idealist" highlights the Northern region, which saw prices grow 4.6%, the highest value in the index. This is followed by the Autonomous Region of Madeira (3.7%), AML (2.8%), Algarve (0.6%) and Alentejo (0.5%).

Districts

The largest increases were in Porto (4.6%), Castelo Branco (4%) and Madeira (3.6%). In the case of Lisbon, the increase was 2.2%.

On the opposite side are the island of Terceira, Leiria and Pico Island, which recorded the greatest price declines: -6.1%, -5.9% and -4.1%, respectively.

The ranking of the most expensive districts continues to be led by Lisbon (3,002 euros per m2), followed by Faro (2,072 euros per m2) and Porto (1,728 euros per m2). The houses for sale with prices "more in account" are in Guarda (615 euros per m2), Bragança (676 euros per m2) and Castelo Branco (680 euros per m2).

District capitals / cities

Prices increased in 16 district capitals, with Castelo Branco (4.8%) leading the list. This is followed by Setúbal (4.4%), Guarda (4.2%), Braga (4%) and Évora (3.8%). In Lisbon, the increase was 2.2% and in the Port of 2.1%.

Where did prices go down? In Vila Real (-18.1%), Coimbra (-2.9%) and Viana do Castelo (-2.7%).



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