Summary

• Headline numbers:
  Average property sale prices +6.3% (YoY) compared to November 2020.
  Average property sale prices -0.1% (MoM) compared to October 2021.
  Average rental prices +5.1% (YoY) compared to November 2020.
  Average rental prices +2.8% (MoM) compared to October 2021.
• The average rental price of the property listed on the Imovirtual website in November 2021 was 1,048€, with an increase of +2.8% compared to the previous month (October 2021).
• The average sale price of the property listed on the Imovirtual website in November 2021 was 367,543€, marking a decrease of -0.1% compared to the previous month (October 2021), and an increase of +6.3% compared to the same month last year (November 2020).
• Lisbon, Faro, Região Autónoma da Madeira, and Porto remain the most expensive districts to buy a property with an average listing costing 576,305€, 504,285€, 379,992€ and 333,640€ respectively.
• Lisbon, Porto, Região Autónoma da Madeira, and Faro remain the most expensive districts to rent a property with an average listing costing 1,295€, 1,042€, 922€ and 855€ respectively.

Monthly Variation: November 2021 VS October 2021

Sale | Properties announced 

The average price of the properties advertised on Imovirtual for sale in Portugal was 367,543€ in November 2021. We witnessed price stability marked by -0.1% compared to the previous month, which recorded an average price of 368,011€.

In November, the district that stands out with the largest increase in percentage price variation compared to October, was Évora with a growth of 1.9%.

In second place is Beja with an increased percentage price variation in comparison to the previous month of 1.8%, with 145,006€ in October and 147,644€ in November. Also, Guarda shows an increase of 1.6% compared to October 2021.

This month, the district with the sharpest fall in price percentage variation compared with the previous month was Viseu with -2.9%, down from 181,743€ to 176,497€.

Rent | Properties announced 

In Portugal, the average price of property advertised on Imovirtual in the rental segment shows a slight growth of 2.8% in November compared with October (1,020€ to 1,048€).

Bragança is the district with the highest percentage growth of 24.4% compared to October, rising from 451€ to 561€. 

In second place is Guarda with a percentage increase of 19.5%.

On the contrary, Beja shows a percentage drop in the average price of property, with -17.6%.

Annual Variation: November 2020 VS November 2021

For a better analysis of the evolution of average prices, it is important to compare two homologous periods in consecutive years with a quite distinct social reality to understand the felt impact.

Sale | Properties announced 

Comparing the average prices of the property ads on Imovirtual in the month of November 2021 with the same period last year, there was a 6.3% increase, rising from 345,850€ to 367,543€. 

The district which recorded the highest percentage variation was, once again, Évora (25.4%), with the average price rising from 203,046€ in the same period last year to 254,696€ in 2021.

The Região Autónoma da Madeira and Setúbal recorded a percentage variation of 17.3% and 13.4% respectively.

Guarda is, again, the district with the largest percentage drop in the period considered, with -1.5% (going from 114,699€ in 2020 to 112,969€ in 2021).

Rentals | Properties announced 

In the rental segment, rental prices have been decreasing since 2019, however this month broke that trend with a 5.1% increase, comparing the average advertised prices for the month of November 2021 (1,048€) with the same period of the previous year (997€).

Bragança registered the largest percentage increase of 50% in the average advertised price, with the average monthly rent rising from 374€ to 561€ in November 2021. Guarda also presents a percentage increase of 34.9%, and Portalegre an increase of 23.2%. 

The district which recorded the largest percentage drop was Beja with -19.8% (from 615€ to 493€).