Lisbon in the global top 15 for highest home price appreciation.

Porto ranked eighth in a global ranking that includes 30 cities. Lisbon was in 11th place for the cities where housing prices increased the most.

By analyzing the appreciation of the real estate market in various urban centers around the world, eXp Realty Portugal concluded that Porto and Lisbon are among the top 15 global cities where property values have increased the most in the last year. In Porto, the average price of a house rose by 8.6%, while in Lisbon it increased by 4.7%.

After analyzing the annual growth in property values in 30 global cities, the data shows that “Porto is among the top 10 cities with the best performance in the real estate sector,” concludes eXp Realty in a statement sent to the press. In the last year alone, the average price of a house in Porto increased by 8.6%, placing it in 8th place in this ranking, which used data from Idealista for Portugal, Spain, and Italy.

Lisbon also holds a prominent position in this list (11th place), with the average price of a house rising by 4.7% in the last 12 months ending in October. “It is clear that, in Lisbon, as the capital, investors will pay higher prices per square meter, but the charming city of Porto, with its vibrant lifestyle, is attracting more and more expatriates every day, which has led the city to experience a higher rate of house price growth in the last year,” comments João Miguel Louro, director of eXp Portugal, quoted in the document.

“Portugal has been an incredibly popular destination, and there is high demand for properties from both national and international buyers, especially in our main cities,” adds João Miguel Louro. And, as Porto and Lisbon hold “very strong positions in the current market,” other parts of the country may gain prominence in the global market, he further states.

According to the same analysis, Kraków was the city that saw the highest property appreciation in the last year (+24.7%), followed by Dubai (19.4%), Madrid (18.9%), and Warsaw (14.2%). Completing the top 10 are Thessaloniki (+11%), Barcelona (+10.8%), Abu Dhabi (+10%), Athens (+7.5%), and Montreal (+6%).

Meanwhile, the real estate market showed more moderate performance in Los Angeles (+1.9%), Sydney (+1.6%), Milan (+1.6%), Delhi (+1.5%), Rome (+1.5%), Jerusalem (+1.2%), and Hamburg (+0.3%).

Seven of the major global real estate centers analyzed by eXp Realty even experienced a decrease in property values in the last year. This was the case in Berlin (-6.2%) and Paris (-5.5%), for example.

Image: Idealista

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