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Açores

Crater lakes sit in green calderas, hydrangea hedges line the lanes between pastures, and whitewashed houses with dark basalt trim look out over the Atlantic from every headland. Nine islands, each with its own market, weather and way in.

Last updated · First published

What does property cost in Açores?

The figures below are the latest official medians for the region, each shown beside its reference period and INE source. Transacted (sold) prices are drawn from INE’s house-price statistics; the national median is shown alongside so you can see how the region compares.

Median sold price · AçoresSold · INE

€1,494/m²

Região Autónoma dos Açores

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0
Median sold price · PortugalSold · INE (national)

€2,168/m²

Portugal

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0
Median new-lease rent · AçoresRent · INE

€6.02/m²

Região Autónoma dos Açores

1st Quarter 2026Instituto Nacional de Estatística (INE), Portugal
CC BY 4.0

Region-level only — INE publishes the rent series for the archipelago as a whole, so there is no separate per-island or per-concelho rent figure.

How Açores sold prices have moved

  • Median sold price · Açores· Sold
Latest data: 1st Quarter 2026Median sold price · AçoresMedian sold price · Açores: latest 1,494 €/m² in 1st Quarter 2026.1,494 €/m² · 1st Quarter 2026

Median sold price · Açores: Instituto Nacional de Estatística (INE), Portugal · retrieved 2026-08-12T23:51:31.305187Z · CC BY 4.0

How Açores sold prices have moved — data table — most recent 12 periods
PeriodMedian sold price · Açores (€/m²)
2nd Quarter 20231079
3rd Quarter 20231087
4th Quarter 20231105
1st Quarter 20241111
2nd Quarter 20241145
3rd Quarter 20241177
4th Quarter 20241179
1st Quarter 20251224
2nd Quarter 20251274
3rd Quarter 20251327
4th Quarter 20251426
1st Quarter 20261494
Median sold price · AçoresLatest 1st Quarter 2026: 1,494 · Min 779 · Max 1,494 · Range 715 · CAGR +11%/yr
Show all 26 rows
How Açores sold prices have moved — data table — full series (26 periods)
PeriodMedian sold price · Açores (€/m²)
4th Quarter 2019779
1st Quarter 2020807
2nd Quarter 2020826
3rd Quarter 2020858
4th Quarter 2020874
1st Quarter 2021867
2nd Quarter 2021864
3rd Quarter 2021862
4th Quarter 2021903
1st Quarter 2022939
2nd Quarter 2022975
3rd Quarter 20221024
4th Quarter 20221034
1st Quarter 20231055
2nd Quarter 20231079
3rd Quarter 20231087
4th Quarter 20231105
1st Quarter 20241111
2nd Quarter 20241145
3rd Quarter 20241177
4th Quarter 20241179
1st Quarter 20251224
2nd Quarter 20251274
3rd Quarter 20251327
4th Quarter 20251426
1st Quarter 20261494
Median sold price · AçoresLatest 1st Quarter 2026: 1,494 · Min 779 · Max 1,494 · Range 715 · CAGR +11%/yr

Asking vs sold

Asking-price data pending — we publish an asking figure only from a licensed source, never scraped listings, and we always label it separately from the sold (INE) median so the two are never conflated.

What does each type of property cost in Açores?

Two official medians, kept deliberately apart. Bank appraisals are what lenders valued homes at; registered sales are what buyers actually paid. They are measured differently, published on different cadences, and are never averaged together.

Flats vs villas

Bank appraisal · INE · €/m²

Median value of bank evaluations on housing — what lenders valued property at for mortgage purposes. It is a valuation opinion, not a transacted price, so it is never mixed with the sale medians below.

Median flats vs villas price per square metre in Açores
FlatsMedian€2,400€/m²PeriodJune 2026
VillasMedian€1,560€/m²PeriodJune 2026
All housingMedian€1,697€/m²PeriodJune 2026

Instituto Nacional de Estatística (INE), Portugal — CC BY 4.0. Each row carries its own reference period, shown above.

New vs existing homes

Sold · INE · €/m²

Median value of registered dwelling sales — what buyers actually transacted at, split by whether the home was newly built or already existing. This is the sold family; it is never mixed with appraisals.

Median new vs existing homes price per square metre in Açores
New dwellingsMedian€1,670€/m²Period1st Quarter 2026
Existing dwellingsMedian€1,441€/m²Period1st Quarter 2026
All dwellingsMedian€1,494€/m²Period1st Quarter 2026

Instituto Nacional de Estatística (INE), Portugal — CC BY 4.0. Each row carries its own reference period, shown above.

Prices are one part of the picture. Below, see how Açores sits through the market cycle — bank appraisals against sold prices, transaction activity and rents, each drawn live from INE with its source and reference period.

Where exactly in Açores?

Those trends describe Açores as a whole. Below, place it on the map to see exactly where they apply — and, where the data allows, how prices vary from one part of the region to the next.

Açores on the map

An administrative boundary map for Açores is not available yet — the DGT municipality geometry for this region has not been sourced into the warehouse. It will appear here once the boundaries are published.

What is living in Açores like?

Knowing where a property sits is only half the decision — the other half is what daily life there is like. Here are the liveability signals we can source for Açores today, each added as the data becomes available.

HealthcareINE · health access & supply

Doctors and pharmacies per 1,000 residents, and hospitals across the region.

Data pending — we publish a figure only when the warehouse can source it with provenance.

ConnectivityINE · fixed broadband

Fixed broadband Internet accesses for the municipality.

Data pending — we publish a figure only when the warehouse can source it with provenance.

SafetyINE · reported crime

Reported-crime and community-safety indicators.

Data pending — we publish a figure only when the warehouse can source it with provenance.

CoastINE · Blue Flag beaches

Blue Flag beaches across the surrounding region.

Data pending — we publish a figure only when the warehouse can source it with provenance.

ClimateIPMA · monthly temperature

Typical monthly temperature range for the area.

Data pending — we publish a figure only when the warehouse can source it with provenance.

Açores at a glance

The Autonomous Region of the Azores is an archipelago of nine inhabited islands far out in the mid-Atlantic, west of mainland Portugal, grouped into an eastern cluster (São Miguel and Santa Maria), a central cluster (Terceira, Graciosa, São Jorge, Pico and Faial) and a western pair (Flores and Corvo). São Miguel is the largest and most populous island and Ponta Delgada its main city; Angra do Heroísmo on Terceira is a UNESCO World Heritage town. The region has full legislative autonomy, so a number of rules that matter to buyers are set regionally rather than in Lisbon.

For buyers the defining feature is that the archipelago is not one market but nine. The official regional median shown above — published for the region as a whole, with full provenance — sits well below the national figure, but it averages across islands whose economies, air links and housing stock differ sharply: São Miguel and Terceira carry most of the transactions, while the smaller western islands trade thinly. Each of the nineteen municipalities has its own page below with its own concelho-level figures, which is where the internal spread becomes visible.

What are the rules and costs in Açores?

Lifestyle is the human side of the decision; the rules and costs are the practical one. These are the two rules that shape most purchases in Açores — plus the guides and calculator to model your all-in costs.

Two rules shape most purchases here — whether a property can be let short-term, and what it costs to hold each year — followed by the guides and calculator to model your full purchase.

Can you run a short-term rental here?

Short-term letting (Alojamento Local, AL) matters here — tourism has grown quickly since direct low-cost flights to São Miguel began, and much of the island stock that serves it is AL-registered. AL is governed by the national regime (Decreto-Lei 128/2014, as amended) together with rules specific to the Autonomous Region, which legislates in this area, so registration and operating requirements can differ from the mainland and are administered by regional bodies as well as the câmara municipal.

This is general information, not legal advice — confirm the current AL status, the regional requirements and any local limits for a specific address with the relevant câmara municipal and the regional authorities before assuming a property can be operated as a short-term rental.

What about annual property tax (IMI)?

Municipal Property Tax (IMI) is levied annually by each concelho within a band set nationally, so the exact rate depends on the municipality and the property’s taxable value (VPT); rates in Ponta Delgada can differ from those of the smaller island concelhos, and the Autonomous Region has its own competence over certain tax matters. Any specific rate we publish is sourced from the official register with its reference year; where the warehouse cannot yet source a rate for this region it is shown as pending rather than estimated.

Common questions about Açores

How much does property cost per square metre in Açores?
In Região Autónoma dos Açores, the median transacted (sold) price is about €1,494 per square metre (1st Quarter 2026). For comparison, the national median sold price is about €2,168 per square metre (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
How much do flats and villas cost per square metre in Açores?
In Região Autónoma dos Açores, the median bank appraisal value is about €2,400 per square metre for flats and €1,560 per square metre for villas (June 2026). These are lender valuations for mortgage purposes, not transacted prices. Registered sales — what buyers actually paid — ran about €1,670 per square metre for newly built homes and €1,441 per square metre for existing homes (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
What is the average rent per square metre in Açores?
In Região Autónoma dos Açores, the median new-lease rent — what tenants pay to let, a separate measure from any sale or asking price — is about €6.02 per square metre (1st Quarter 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.

Plan your purchase

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Municipalities in Açores

Every municipality below has its own page, held to the same provenance discipline: a figure appears only when the warehouse can source it, shown with its INE source and reference period. Where it cannot, the page says so in place of the figure. Never an estimate.

Every figure on this page is drawn from the public data registry with full provenance — official sources, reference periods and licences. We publish a number only when the warehouse can source it.

Buying in Açores?

Map the numbers on this page to your specific purchase. Speak with an advisor about costs, timeline and paperwork.

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