House prices rise 18.4% in the second quarter with Lisbon and Porto losing strength

Housing prices increased by 18.4% in Q2 compared to the same period last year, with a slowdown in Lisbon and Porto. The median price reached €2,445 per square meter, reflecting a deceleration from 19.8% in Q1. The total number of transactions fell by 9.0% year-on-year. Significant price increases were noted in regions like Médio Tejo and Oeste. Foreign buyers paid significantly more than locals, with a 47.0% price difference in Greater Lisbon. Institutional buyers experienced lower price increases compared to families, with a median price of €2,096 per square meter for institutions. The largest price differential was observed in the Oeste region.