Over the past year, Portugal’s property market has continued to heat up. According to the latest 2026 market data, strong price growth is no longer limited to Lisbon and Porto — an increasing number of secondary cities are now seeing significant appreciation.

Below is a reference ranking of annual property price growth across major Portuguese cities (Idealista, March 2026 data):

Rank	City	Annual Price Growth	Average Price
1	Santarém	+26.5%	€1,777/㎡
2	Guarda	+26.0%	€1,050/㎡
3	Viseu	+24.2%	€1,911/㎡
4	Beja	+23.2%	€1,389/㎡
5	Coimbra	+16.0%	€2,387/㎡
6	Leiria	+15.6%	€1,876/㎡
7	Faro	+15.0%	€3,549/㎡
8	Braga	+11.6%	€2,197/㎡
9	Porto	+10.2%	€4,085/㎡
10	Lisbon	+9.6%	€6,082/㎡

Source: Idealista, INE, 2026 Portugal Real Estate Market Reports.

Lisbon remains the most expensive city in Portugal, with average asking prices reaching €6,082/sqm in March 2026 — significantly higher than Porto, Faro, or Braga. However, precisely because prices are already at such elevated levels, the pace of growth has become relatively more moderate.

This highlights a clear trend emerging in the Portuguese property market: while core cities remain expensive and stable, faster price growth is increasingly spreading toward secondary cities, inland regions, and well-connected surrounding areas.

Cities such as Braga, Coimbra, and Leiria are good examples. Property prices in these locations remain lower than in Lisbon and Porto, yet growing populations, universities, employment opportunities, and lower living costs continue to drive housing demand upward.

INE Q4 2025 data also showed that among Portugal’s larger cities, Braga recorded a median transaction price of approximately €2,100/sqm, representing a year-on-year increase of 21.9%, while Leiria saw growth of 23.3%.

What these cities have in common is that prices still remain relatively accessible, while demand continues to strengthen. Compared with core cities, these markets are often better positioned to offer a combination of rental cash flow and long-term price appreciation.