Housing Prices Jump in Loures and Matosinhos, Fall in Guimarães
The INE released its "Local Housing Price Statistics" for the April‑June period, showing that ten of Portugal's 24 most populous municipalities experienced year‑on‑year price growth in the second quarter. The sharpest gains were recorded in Loures and Matosinhos, each posting increases above nine percent, while Guimarães suffered a decline of over thirteen percent, the steepest drop among the sample.
📌 Key Highlights & Context
- Loures housing prices up 9.7% YoY.
- Matosinhos up 9.5% YoY.
- Guimarães down 13.4% YoY.
The Q2 data highlight persistent regional disparities in Portugal's housing market. Loures leads with a 9.7% rise, driven by strong demand in the Greater Lisbon area and a wave of new residential projects.
Similar upward trend in Matosinhos
In the northern port city of Matosinhos, prices climbed 9.5%, reflecting robust economic activity, increased construction permits, and growing interest from foreign investors.
- Guimarães, known for its historic centre, saw a 13.4% drop as demand softened and local economic slowdown weighed on the market.
The INE said it will continue monitoring these trends to inform housing policy and credit conditions.
Sources
Preços das casas aceleram em 10 dos 24 municípios mais populosos