In general, the average house price per m² has increased significantly in recent years. If we look more specifically at villas, the prices of these increased by 4.2% in 2019. However, this is nothing compared to the surge in apartment prices, whose average price per m² increased 9.2% in 2019. For the Algarve region, the average price per m² is € 2,209. This experienced an increase of 7.3% in 2019. The cities of the Algarve with the biggest increase are Silves (+ 14.2%), Olhão (+ 13.3% with 1743 € per m²) and Vila Real de Santo-Antonio (+ 12.8% with € 1,860 per m²). Here are some prices for towns in the western Algarve: Faro (€ 2,252 per m²), Portimao (€ 1,917 per m²), Albufeira (€ 2,219 per m²) m²), Tavira (€ 2,079 per m²) and Lagos (€ 2,644 per m²).