An Imovirtual analysis of average housing prices between December 2025 and February 2026 reveals significant differences between Portuguese cities, both in the rental and purchase markets.
The study identifies Cascais, Lisbon, Funchal, Faro and Oeiras as the five cities with the highest values for living in the country.
Cascais appears at the top, with the average rental income reaching 2,400 euros per month and the average sales price 1.35 million euros, positioning the municipality as the most expensive residential market in the country.
Lisbon continues to have an average income of 1,800 euros per month and an average sales price of around 710 thousand euros. In the capital of São Paulo, the report shows a 2.7% drop in rents compared to the same period last year, suggesting an adjustment after years of intense increases.
Looking only at rentals, Funchal has an average rent of 1,700 euros, while Faro and Oeiras are around 1,600 euros per month. Levels that, according to the Imovirtual study, reflect demand pressure in areas with strong tourist, economic or residential attractiveness, where supply remains restricted.
In the purchasing segment, in addition to Cascais, Oeiras (720 thousand euros) and Lisbon (710 thousand euros) occupy prominent positions. Lagos appears with an average price of 685 thousand euros and Óbidos with around 652.5 thousand euros, highlighting the impact of second home markets and tourism on valuations.
The analysis also highlights the heterogeneity of the national market: while coastal centers and tourist destinations register high prices, several cities in the interior continue to have more affordable prices — for example, Bragança with an average income of 550 euros and Guarda with 562 euros per month —, translating less pressure on demand in these territories.
About these standards, Sylvia Bozzo, marketing manager from Imovirtual, states that “the data shows that the most expensive markets continue to be concentrated in territories with high economic, tourist or international attractiveness”.
With regard to Cascais, “it has clearly consolidated itself as a premium segment residential market, while cities such as Lisbon, Oeiras or Faro continue to concentrate very high levels of demand”. At the same time, “a greater geographic dispersion of demand is beginning to be observed, with some buyers and renters considering alternatives outside the most pressured urban centers”.
In the aggregate of the main cities analyzed, the average rental income is close to 1,100 euros per month and the average sales price is around 400 thousand euros, which illustrates, according to the same study, an increasingly unequal real estate market between areas with strong demand and areas with more moderate prices.
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