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Bragança · report

Past price cycles in Bragança

Bank valuations have fallen by 3% or more 10 times since 2016. The deepest began in May 2023.

Deepest fall
−20.2%
Recovery from the low
13 months

Prices in Bragança and Portugal, indexed

Bank valuations, both set to 100 in May 2016.

  • Bragança
  • Portugal
  • 100 = May 2016
Show the numbers
PeriodBragançaPortugal
Sep 2026193.1284.8
Aug 2026197.9281.8
Jul 2026193.9280.0
Jun 2026196.2278.5
May 2026195.5276.0
Apr 2026193.4271.8
Mar 2026186.9268.9
Feb 2026179.3265.3
Jan 2026165.9263.1
Dec 2025179.5260.1
Nov 2025181.4257.5
Oct 2025178.0253.1
Sep 2025177.2249.4
Aug 2025172.6245.6
Jul 2025167.0243.1
Jun 2025159.0238.9
May 2025155.4235.8
Apr 2025161.5233.3
Mar 2025163.5230.9
Feb 2025167.3226.3
Jan 2025161.5221.7
Dec 2024161.5218.4
Nov 2024162.7217.5
Oct 2024169.4215.1
Sep 2024168.8211.9
Aug 2024157.4208.0
Jul 2024159.1204.8
Jun 2024154.0202.3
May 2024152.4201.3
Apr 2024147.3199.5
Mar 2024143.8197.5
Feb 2024145.4195.0
Jan 2024147.3193.8
Dec 2023151.9192.0
Nov 2023149.0191.3
Oct 2023141.3192.0
Sep 2023128.2192.6
Aug 2023127.6192.3
Jul 2023145.7190.6
Jun 2023154.5189.8
May 2023159.9188.8
Apr 2023155.8186.4
Mar 2023150.2185.4
Feb 2023152.7184.8
Jan 2023144.1185.6
Dec 2022130.4182.3
Nov 2022122.1181.1
Oct 2022132.4177.5
Sep 2022137.7178.6
Aug 2022139.3176.8
Jul 2022142.1177.1
Jun 2022148.2175.9
May 2022140.7172.5
Apr 2022139.3169.5
Mar 2022136.5166.4
Feb 2022134.5164.3
Jan 2022128.2161.5
Dec 2021134.8160.6
Nov 2021130.8159.0
Oct 2021129.5156.4
Sep 2021120.8154.5
Aug 2021121.2152.6
Jul 2021123.2152.6
Jun 2021123.9151.9
May 2021121.3151.5
Apr 2021124.0150.0
Mar 2021128.2148.4
Feb 2021134.9146.8
Jan 2021129.2146.3
Dec 2020125.8144.5
Nov 2020123.9143.0
Oct 2020121.2141.4
Sep 2020120.2141.0
Aug 2020119.4141.0
Jul 2020126.4140.9
Jun 2020128.7139.9
May 2020121.8139.3
Apr 2020121.6138.9
Mar 2020119.6138.8
Feb 2020122.8138.9
Jan 2020124.8137.9
Dec 2019119.4136.4
Nov 2019114.3134.5
Oct 2019117.1133.6
Sep 2019120.4133.3
Aug 2019127.2131.8
Jul 2019122.9130.5
Jun 2019124.7128.8
May 2019116.7127.9
Apr 2019111.1126.9
Mar 2019107.2125.8
Feb 2019100.2125.0
Jan 2019104.5122.9
Dec 2018103.2122.1
Nov 2018108.5121.0
Oct 2018113.3120.9
Sep 2018114.9119.9
Aug 2018115.7118.9
Jul 2018114.4117.6
Jun 2018115.1116.5
May 2018112.7116.1
Apr 2018110.9115.5
Mar 2018105.3115.0
Feb 201899.4113.9
Jan 201899.2112.8
Dec 201799.4111.4
Nov 2017102.2111.1
Oct 201799.4110.8
Sep 201797.0110.1
Aug 201796.5108.5
Jul 2017101.4107.6
Jun 201795.8107.5
May 201796.0107.1
Apr 201791.8106.7
Mar 201793.4106.1
Feb 201790.4105.9
Jan 201792.8105.1
Dec 201692.1104.1
Nov 201694.6103.3
Oct 201696.6102.5
Sep 201696.8102.0
Aug 201693.9101.8
Jul 201693.8100.8
Jun 2016100.2100.4
May 2016100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
June 2016February 2017−9.8%85
July 2017August 2017−4.9%13
August 2018February 2019−13.4%63
August 2019November 2019−10.2%37
June 2020August 2020−7.2%25
February 2021September 2021−10.5%76
June 2022November 2022−17.6%53
May 2023August 2023−20.2%313
October 2024May 2025−8.2%73
November 2025January 2026−8.6%22

Portugal against the EU since 2015

Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.

  • Portugal
  • EU
  • 2015 = 100
Show the numbers
PeriodPortugalEU
Q2 2026301.4168.6
Q1 2026291.0166.5
Q4 2025280.2164.6
Q3 2025269.4163.5
Q2 2025258.8161.0
Q1 2025247.1158.5
Q4 2024235.7156.2
Q3 2024228.9155.1
Q2 2024220.7152.7
Q1 2024212.5149.8
Q4 2023211.3148.9
Q3 2023208.5149.1
Q2 2023204.7148.2
Q1 2023198.6147.6
Q4 2022195.9148.7
Q3 2022193.8150.9
Q2 2022188.3149.6
Q1 2022182.6146.2
Q4 2021176.0143.2
Q3 2021171.3140.2
Q2 2021166.4136.0
Q1 2021161.7132.1
Q4 2020157.7129.8
Q3 2020153.6128.1
Q2 2020154.3126.3
Q1 2020151.7124.4
Q4 2019146.1122.7
Q3 2019143.7121.5
Q2 2019140.7119.8
Q1 2019137.1117.6
Q4 2018132.3116.8
Q3 2018129.7115.9
Q2 2018128.5114.2
Q1 2018125.6112.3
Q4 2017121.1111.2
Q3 2017119.6110.4
Q2 2017115.5108.8
Q1 2017111.9106.9
Q4 2016109.6106.1
Q3 2016108.3105.4
Q2 2016106.9103.8
Q1 2016103.7102.0
Q4 2015101.8101.1
Q3 2015100.7100.8
Q2 2015100.699.8
Q1 201596.998.3

Bank valuations go back to 2011, so they include the fall after the euro crisis; asking prices start in 2015. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for Bragança

Next 12 months

Asking prices have an 80% chance of landing between €1,077/m² and €1,332/m² by September 2027.

Expected, September 2027
€1,204/m²
Chance of a rise
75%

Affordability

At the bank valuation, a 90 m² home costs €108,450. With 10% down and a 30-year mortgage, the payment is €412 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
16%
Payment, one income
33%

Buy or rent

Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the median sale price. Repaying the loan is saving, so it is left out.

Rent per month
€450
Owning per month
€379

Asking against valuation

Sellers ask 5.6% less than banks value homes at. A year ago the gap was −9.7%.

Gap today
−5.6%
Change in a year
+4.1 pp

New homes

60.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
215
Per 1,000 residents
5.6

Foreign buyers

Figures for Terras de Trás-os-Montes: Bragança has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 27.2% less per m² than buyers living in Portugal.

Abroad against residents
−27.2%

People and new homes

In 2025 the population fell by 124 while 137 homes were finished.

Homes finished, 2025
137
Population change, 2025
−124

Empty homes

9.3% of the 25,698 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
9.3%
Empty homes
2,400

Renovation

In 2025, 14% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
14%
Reconstructions per 100 new buildings
6.8

Public housing works

Public bodies signed €192.8K of housing works here in 2025, and €1.9M since 2012.

Signed in 2025
€192.8K
Per resident, 2025
€5

Data: INE, ECB and others · updated October 27, 2026

Asking prices and bank valuations are not sale prices. This is a description of public data, not financial advice.

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