The Portuguese housing market closed last year up 0.3%, ending 2014 with an average national price of €1,009/m² , according to figures from the National Institute of Statistics.
The figures show that the North, Centre and Lisbon Metropolitan Areas put in positive annualised performances while all other regions turned in a negative result. Property on the island of Madeira dropped 8.4% over 2014.
Variations depended on the location of the property as well as its type: apartments were up 0.5% whereas houses appreciated 0.3% on average, closing the year at €1,047/m² and €946/m² respectively.
The Algarve saw its property down an annualised 5.4% to close the year at €1,223/m² with December down 1.6% in month-on-month terms.