Algarve Housing Prices Surge by 10% in June - Here's Where It's Most Expensive

Algarve's housing market sees a significant uptick, with prices climbing by 10% in June compared to the same month last year. According to the idealista price index, the median cost to buy a home in the region now stands at 3,712 euros per square meter, making it the second most expensive region in Portugal.

Key Municipalities with Highest Price Increases

• Portimão leads with a 16.5% increase, followed by Albufeira at 10.2%.
• Faro sees homes priced at 3,285 euros/m2, while Loulé remains the priciest at 4,370 euros/m2.

National Overview

Nationally, housing prices rose by 8%, averaging 2,898 euros/m2. Lisboa tops the list as the most expensive city to buy a home, with prices at 5,769 euros/m2.

Regional Highlights

• The Algarve ranks as the second most expensive region, trailing only behind Grande Lisboa.
• The Região Autónoma dos Açores experienced the highest annual price increase at 19.5%.

For a deeper dive into the data, the full report is available on idealista News.