Azores home asking prices hit record €2,101 per square metre

Asking prices for homes in the Azores reached a new high in September 2026. According to idealista, the regional indicator stood at €2,101 per square metre, up 12.2% from September 2025. Prices rose by 1% compared with August and by 3.5% over the quarter.

On São Miguel, the figure reached €2,392 per square metre, an annual increase of 7.7%. In the municipality of Ponta Delgada, asking prices stood at €2,575 per square metre, rising 7.1% year on year and 1.6% compared with the previous month.

A SIC Notícias report published on 22 October highlights the difficulties families face in securing housing. Bruno Andrade, from Zome Açores, identifies high property prices, rising interest rates and stricter mortgage lending criteria as obstacles in a market where transaction numbers have been falling.

According to the report, demand continues to exceed supply. A shortage of rental properties is also pushing rents higher, while more expensive building plots make constructing a home a harder alternative.

Idealista's indicators reflect sellers' advertised prices on the platform. They provide a measure of trends in the homes on offer, but do not necessarily match the final prices paid when sales are completed.