Lisbon registers the highest house price hike in eight years

House prices in Lisbon increased 5.9% in 1Q of this year QoQ according to the Index of Residential Prices from Confidencial Imobiliário.

It was the biggest quarterly increase in eight years, the previous quarterly property price high being in Q2, 2017 with a 6.1% jump.

The quarterly variation of 5.9% compares with that of 1.0% recorded in the 4th quarter of 2024, in an increase that bucks the trend of the last three years, marked by a slowdown in the rise in prices. In fact, although the QoQ increases remained positive in this period, it went from an average quarterly growth of 1.7% in 2022, to 1.5% in 2023 and, again, to 1.3% in 2024.

The long-term behavior of prices was evident given that the Lisbon market cooled from an increase of 11.7% in prices at the end of 2021 to 5.5% at the end of 2024. With this 1Q variation, the like-for-like variation shot up to 8.6%, or +3.1% on the 5.5% seen in 4Q of 2024.

In the context of the Lisbon Metropolitan Area, the capital recorded a higher price increase than Cascais, Loures, Seixal and Odivelas, but still recorded a lower appreciation than the other municipalities. In the metropolitan region, the highest year-on-year price increase in the 1st quarter of 2025 was 22.1%, observed in Mafra.