Of the ten most expensive property areas in the country, the Algarve represents five of them.
Lisbon is the most expensive place in Portugal in which to buy a house, with Cascais not far behind at €2,167, but the Algarve council areas of Loulé, Lagos, Albufeira, Tavira and Lagoa dominate the top ten.
The rise in property prices continues steadily with the average price of a Portuguese house or apartment reaching almost €1,000 in the third quarter of last year.
According to data released by the National Statistics Institute, the national average value reached €984 per square meter, a 1.5% increase over the previous quarter and a 7.9% increase year on year.
Porto almost looks good value at €1,525 per square meter, as does Funchal in Madeira where you will be spending €1,491 for each metre of your next home.
The top ten highest priced areas are:
1st Lisbon 2,877 euros
2nd Cascais 2,167 euros
3º Oeiras 1,878 euros
4º Loulé € 1,870
5º Lagos 1,755 euros
6º Albufeira 1,683 euros
7th Tavira 1,630 euros
8th Port 1,525 euros
9th Lagoa 1,497 euros
10º Funchal 1,491 euros
To view an interactive map of the country’s property prices, click HERE