Housing prices rose 18.4% over the course of a year, but are slowing down in Lisbon and Porto

Housing prices increased by 18.4% year-on-year but showed signs of slowing down in Lisbon and Porto. The median price reached €2,445 per square meter. In the second quarter, 37,854 family homes were sold, reflecting a decrease in transaction volume by 9%. Notably, the highest prices were in Lisbon, Cascais, and Oeiras, while price increases accelerated in some municipalities. However, Lisbon and Porto experienced declines in price growth rates, with Guimarães showing the most significant slowdown.