Cascais remains Portugal’s most expensive municipality for buying or renting a home, although housing prices vary significantly across the country, Executive Digest reports.

According to Imovirtual’s Municipal Barometer for October 2026, the average asking price for a property in Cascais reached €1,299,500, while the average monthly rent stood at €2,225.

By comparison, Sátão recorded an average property price of €40,000, while Penafiel had the lowest average monthly rent at €600.

Imovirtual’s figures show the prices that sellers and landlords are asking for, which may differ from the amounts buyers and tenants actually pay. Statistics Portugal (INE) also publishes housing data based on completed property sales, giving a clearer picture of actual selling prices across the country.

Unlike Imovirtual’s figures, which cover both sales and rentals, INE’s property transaction data only covers home sales. This information can help show the difference between asking prices and final sale prices, especially in municipalities where prices have changed significantly.

The figures highlight substantial differences between coastal municipalities, high-demand areas and inland regions.

Despite leading both markets, Cascais recorded contrasting price trends over the past year. Property asking prices increased by 8.7%, while rental prices declined by 11%.

The gap between the most expensive and cheapest municipalities for purchasing a home stands at approximately €1.26 million. In the rental market, the difference between Cascais and Penafiel amounts to €1,625 per month.

Portugal’s most expensive municipalities

Grândola ranks as Portugal’s second most expensive municipality for buying a home, with an average asking price of €950,000. However, the Alentejo municipality recorded a 17.4% annual decline from €1.15 million in October 2025.

The decrease was even sharper compared to September 2026, when the average asking price stood at €1,349,000. This represents a monthly drop of 29.6%, potentially reflecting changes in the types of properties available on the market.

Calheta, in Madeira, ranks third with an average asking price of €910,000, followed by Loulé in the Algarve at €795,000 and Oeiras at €791,375.

In Lisbon, the average asking price reached €720,000, remaining largely unchanged compared to October 2025. Meanwhile, Faro recorded a 12.8% annual increase, bringing its average property price to €676,500.

Inland municipalities offer lower property prices

At the opposite end of the market, inland municipalities continue to offer the lowest average asking prices.

Sátão recorded the lowest figure among the municipalities analysed, at €40,000, following a 60% year-on-year decline.

Other affordable municipalities include Alfândega da Fé (€56,250), Penedono (€65,000) and Idanha-a-Nova (€67,500). Castanheira de Pêra and Mogadouro both recorded average asking prices of €73,500.

Rental prices vary across Portugal

Cascais also remains Portugal’s most expensive municipality for renting a home, despite an 11% annual decline in asking prices. Average monthly rents fell from €2,500 in October 2025 to €2,225 in October 2026.

Calheta ranks second, with an average monthly rent of €1,900, followed by Lisbon at €1,800 and Oeiras at €1,650. In Loulé, average rents reached €1,600, representing a 25.6% decrease compared to the previous year.

However, several municipalities recorded significant rental price increases.

Tavira registered one of the largest annual rises, with average monthly rents increasing by 41.4%, from €1,050 to €1,485. Meanwhile, Santa Cruz, in Madeira, recorded a 24.4% increase, bringing its average rent to €1,400.

At the more affordable end of the market, Penafiel recorded the lowest average monthly rent among the municipalities analysed, at €600, following a 15.8% annual decline.

Felgueiras and Amarante followed, with average monthly rents of €680 and €800, respectively. In Santo Tirso and Porto Moniz, rents averaged €850, while Vila Real de Santo António recorded an average of €900 per month.

Set The Portugal News as your preferred source for news on Google

GoogleAdd as a preferred source on Google