This means that price increases in the capital slowed down slightly (minus 0.8 percentage points) compared to the 6.3% rate recorded in 2023.

The cooling trend in price increases is transversal to the Lisbon Metropolitan Area, where only Amadora (8.4% in 2024 vs. 5.5% in 2023) and Palmela (15.0% in 2024 vs. 11.3% in 2023) recorded stronger increases in 2024 than in 2023. In the other municipalities in the region, price increases in 2024 were lower than in 2023, although all maintained a positive trajectory. In the metropolitan context, Mafra had the biggest price increase, registering an appreciation of 18.3% in the last year, in contrast to Loures, which saw the least expressive growth in the region, of 1.8%. In addition to this last municipality, only two others appreciated below Lisbon, namely Cascais, with a 3.1% increase in prices compared to 2023, and Almada, where the increase was 4.1%.

In terms of demand, Lisbon recorded a 13.8% increase in housing sales in 2024, with 9,800 properties expected to be sold in the capital over the course of last year, based on data reported to SIR-Sistema de Informação Residencial. Lisbon thus recovers from the fall in 2023, a year in which transactions fell by around 23%, but remains below the average of recent years, in which annual sales were around 11 thousand units (with the exception of 2020). The capital is consolidating itself as the main market in the Metropolitan Region of Lisbon, with 22% of residential sales in the region, and aligns the pace of expansion of demand with other municipalities in this territory.

In 2024, housing sales in Lisbon were made at an average price of €4,797/m2, compared to €3,104/m2 recorded in the Metropolitan Area aggregate, meaning that houses in the capital continue to be sold at a price 55% above the regional average.