The Algarve has the highest valued property in the country, according to data released by the National Institute of Statistics.
In August this year the average price in Portugal for a square meter was €1,122 - according to the institute.
This amount has been rising month-on-month for five months with the figure being used by banks to determine mortgage advances.
Algarve property leads the country with each square meter now having a evaluation of €1,411.
This puts the region ahead of Lisbon which had an average valuation of €1,360 per square metre – the highest seen since June 2011.
