Summary

• Headline numbers:
  Average property sale prices +11% (YoY) compared to April 2021.
  Average property sale prices +2.9% (MoM) compared to March 2022.
  Average rental prices +28.6% (YoY) compared to April 2021.
  Average rental prices +19.1% (MoM) compared to March 2022.
• The average rental price of property listed on the Imovirtual website in April 2022 was 1,274€, marking an increase of 19.1% compared to the previous month (March 2022).
• The average sale price of property listed on the Imovirtual website in April 2022 was 391,465€, marking a increase of 2.9% compared to the previous month (March 2022), and a increase of 11% compared to the same month last year (April 2021).
• Lisbon, Faro, Região Autónoma da Madeira, and Porto remain the most expensive districts to buy a property with an average listing costing 633,192€, 531,327€, 410,804€ and 356,899€ respectively.
• Lisbon, Porto, Região Autónoma da Madeira, and Faro remain the most expensive districts to rent a property with an average listing costing 1,553€, 1,179€, 1,129€ and 1,241€ respectively.

Monthly Variation: April 2022 VS March 2022

Sale | Properties announced 

The average price of the properties advertised on Imovirtual for sale in Portugal was 391,465€ in April 2022. This represents a slight increase of 2.9% compared to the previous month, which registered an average price of 380,558€.

In April, the district with the greatest percentage variation in price variation in relation to March was Lisbon, with a growth of 6.3%.

The district with the greatest fall in percentage price variation in comparison to the previous month, was Castelo Branco with -7.6%, down from 128,450€ to 118,710€. Also, Portalegre showed a decrease of -6.7% compared to March 2022.

Rent | Properties announced 

In Portugal, the average price of property advertised on Imovirtual in the rental segment increased significantly, with an increase of 19.1%, rising from 1,070€ in March 2022 to 1,274€ in April 2022.

Évora was the district with the highest percentage growth, of 59.1%, compared to March, rising from 650€ to 1,034€. 

Guarda also stood out with a percentage increase of 46%, rising from 411€ in March to 600€ in April. Also, Faro showed an increase of 43.8%, from 863€ to 1,241€.

Beja, on the other hand, recorded a percentage drop in the average price of property, with -20.4%, decreasing from 628€ to 500€.

Annual Variation: April 2021 VS April 2022

For a better analysis of the evolution of average prices, it is important to compare two homologous periods in consecutive years with a quite distinct social reality to understand the felt impact.

Sale | Properties announced 

Comparing the average prices of the property ads on Imovirtual in April 2022 with the same period of the previous year, there has been an increase of 11%, rising from 352,565€ to 391,465€. 

The district with the highest percentage variation was Évora (26.2%), with the average price rising from 201,872€ in the same period last year, to 254,814€ in 2022.

Setúbal and Região Autónoma da Madeira recorded a percentage variation of 22.4% and 20.3% respectively.

Castelo Branco and Guarda remain the districts with the highest percentage drop in the period under consideration with -5.6% (from 125,700€ in 2021 to 118,710€ in 2022) and -4.8% (from 114,867€ in 2021 to 109,343€ in 2022), respectively.

Rentals | Properties announced 

In April 2022, there was a sharp increase of 28.6%, comparing the average advertised prices for April 2022 (1,274€) with the same period in the previous year (991€).

Évora recorded the highest percentage increase, with 99.8%, in the average advertised price, with the average monthly rent rising from 518€ to 1,034€ in April 2022. Guarda also presented a percentage increase of 62%, and Bragança 59.9%. 

The district which recorded the largest percentage drop was Portalegre with -1.8% (from 360€ to 353€).