House buying: Property prices increased in May.

Buying a house is more expensive, but you can access housing credit with the most advantageous conditions for you. Contact credit intermediaries at Savings in a Minute and leave it in our hands!

Buying a house in Portugal became 1.2% more expensive in May

Buying a house in Portugal is getting more expensive: the price of properties increased in May. The average cost was recorded at 2,654 euros per square meter, showing a 1.2% rise in May compared to the previous month. 

The data is from the Idealista Index, disclosed by Notícias ao Minuto, and reveal that, considering the median value, the cost of buying a house increased from 2,622 euros per square meter in April to 2,654 euros per square meter in May.

House prices increased in 10 district capitals - Guarda (6.5%), Braga (5.4%) and Leiria (3.8%), Viseu (3%), Viana do Castelo (1.7%), Funchal (1.5%), Castelo Branco (1.4%), Faro (1.2%), Beja (0.9%) and Lisbon (0.6%).   

On the contrary, house prices have decreased in the district capitals of Portalegre (-4.1%), Coimbra (-1.2%), and Bragança (-0.9%).

In general, Lisbon remains the most expensive city to buy a house, with the cost per square meter reaching 5,619 euros, followed by Porto, reaching 3,560 euros per square meter, and Funchal, reaching 3,355 euros per square meter.

Faced with the annual variation, house prices in Portugal saw a 6.9% increase.  

The value of houses has increased, but you can get access to cheaper financing! The credit intermediaries at Poupança no Minuto gather various market proposals and help you choose the most beneficial one for your situation, saving you from all the bureaucratic hassle and not charging any costs for it.

If you are up to 35 years old, you should know that a public guarantee from the State covering 15% of the home loan will also come into effect, along with tax exemption in the process. Contact us to better understand the measures and move forward with your mortgage!