Bank valuations for Portuguese homes reached €2,240 per square metre in July
The national median rose by 15.2% in a year, but the figure describes homes assessed for mortgage applications—not the final selling price of every property.
Archived after its publication day. Search retains this original briefing for background and accountability.
Archived 31 August 2026Buyers and owners can use the new figure as a market signal while keeping the bank's valuation, the agreed price and the cash needed for a purchase as separate calculations.
- The national median bank valuation was €2,240 per square metre in July 2026, up 15.2% from July 2025.
- Apartments were valued at a median €2,627 per square metre and houses at €1,606.
- The data covers properties valued for mortgage applications; it is not a register of completed sale prices.
- A lender can still value an individual home below the price agreed with the seller.
The national figure hides a wide regional spread
Statistics Portugal recorded a national median of €2,240 per square metre, €12 more than in June. Greater Lisbon remained the highest-valued apartment market at €3,469 per square metre, followed by the Algarve at €3,010. For houses, Greater Lisbon stood at €2,922 and the Algarve at €2,846.
Those regional medians are useful context, not a price for a particular street. Condition, legal status, usable area, comparable homes and local demand all affect an individual valuation.
Why the valuation matters to a buyer
A mortgage is normally constrained by both the purchase price and the lender's valuation. If the valuation is lower than the agreed price, the buyer may need more cash or a different agreement; a rising national median does not remove that risk.
Before paying a large non-refundable amount, make the financing condition clear and price the deposit, taxes, fees and a possible valuation gap separately. The bank valuation is also not a structural survey or legal due-diligence report.
What you can do now.
- 01
Compare recent evidence for the exact municipality and property type.
- 02
Keep a cash buffer for a valuation below the agreed price.
- 03
Use separate legal and technical checks before completing a purchase.
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