Bank valuation prices (VMAB), historical trends since 2016 and transactions for Lisboa. Data from official public sources INE — no estimates, no advertising.
Sources: INE — Median Bank Valuation Price (VMAB), August 2026; INE — sales of family dwellings, 12 months to Q1 2026. Each indicator carries its own period.
The dots show only how many sales exist, not whether the price is fair. Small base: fewer than 109 sales; medium: 109 to 570; large: 571 or more (304 municipalities, Q1 2026).
Comparison region: Grande Lisboa (the INE sub-region the municipality belongs to).
| Year | Median VMAB | Municipality change | Region change |
|---|---|---|---|
| 2016 | 1 766 €/m² | ▲ +14.5% above the region | ▲ +5.3% |
| 2017 | 2 150 €/m² | ▲ +21.7% above the region | ▲ +11.7% |
| 2018 | 2 738 €/m² | ▲ +27.3% above the region | ▲ +13.8% |
| 2019 | 2 941 €/m² | ▲ +7.4% below the region | ▲ +11.0% |
| 2020 | 3 066 €/m² | ▲ +4.3% below the region | ▲ +8.0% |
| 2021 | 3 093 €/m² | ▲ +0.9% below the region | ▲ +6.0% |
| 2022 | 3 450 €/m² | ▲ +11.5% below the region | ▲ +15.6% |
| 2023 | 3 704 €/m² | ▲ +7.4% in line with the region | ▲ +7.4% |
| 2024 | 3 787 €/m² | ▲ +2.2% below the region | ▲ +5.9% |
| 2025 | 4 290 €/m² | ▲ +13.3% below the region | ▲ +22.1% |
| Jan–Aug 2026 (year to date) | 4 679 €/m² | ▲ +10.9% vs Jan–Aug 2025 · below the region | ▲ +17.6% |
| August 2026 (most recent pace) | 4 771 €/m² | ▲ +8.6% vs August 2025 · below the region | ▲ +15.4% |
Source: INE — VMAB. Each full year shows the median of that year's monthly values. The "year to date" row compares the months already published this year with the same months of the previous year, so an incomplete year is never compared with a full one. The latest-month row compares only that month with the same month a year earlier and shows the most recent pace. "Acima/below the region" compara a variação do município com a da região no mesmo período; diferenças de até 1 ponto percentual contam como "em linha".
Transactions: sales of family dwellings (INE). Permits: licences issued in a year (INE); they are not homes already completed or on the market.
Lisboa is located in the Lisbon Metropolitan Area and is one of the most sought-after municipalities in Portugal for both domestic and international buyers. The median bank valuation price (VMAB) stands at 4 771 €/m² (INE data, August 2026), reflecting the current dynamics of the local market.
In 2025, the median bank valuation price (VMAB) in Lisboa changed by +13.3% over 2024, after +2.2% in 2024. Year to date (Jan–Aug 2026), it changed by +10.9% over the same months of 2025. In 2025, the comparison region (Grande Lisboa) changed by +22.1%.
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