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Caminha · report

Past price cycles in Caminha

Asking prices have fallen by 3% or more 7 times since 2015. The deepest began in May 2016.

Deepest fall
−8.2%
Recovery from the low
18 months

Prices in Caminha and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Caminha
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodCaminhaPortugal
Aug 2026201.0318.5
Jul 2026195.5318.8
Jun 2026190.5318.9
May 2026183.8317.6
Apr 2026184.7317.6
Mar 2026178.8315.2
Feb 2026172.8311.9
Jan 2026166.8309.0
Dec 2025160.7305.9
Nov 2025159.1304.2
Oct 2025156.2300.2
Sep 2025156.0297.2
Aug 2025153.5296.2
Jul 2025153.8295.1
Jun 2025148.5291.8
May 2025147.6287.1
Apr 2025158.2284.7
Mar 2025153.9281.2
Feb 2025152.8277.6
Jan 2025151.4273.4
Dec 2024146.7270.1
Nov 2024145.5265.9
Oct 2024142.7263.2
Sep 2024142.8261.8
Aug 2024137.1260.8
Jul 2024132.6260.6
Jun 2024134.5258.4
May 2024135.2257.0
Apr 2024137.5253.3
Mar 2024136.9251.4
Feb 2024135.2249.5
Jan 2024133.7248.1
Dec 2023134.2245.0
Nov 2023133.8242.8
Oct 2023133.3239.1
Sep 2023131.4237.3
Aug 2023132.3236.8
Jul 2023129.7237.6
Jun 2023126.3237.4
May 2023124.0235.3
Apr 2023130.1234.3
Mar 2023131.7232.1
Feb 2023131.6230.9
Jan 2023127.7229.4
Dec 2022124.9228.3
Nov 2022123.8227.8
Oct 2022121.8224.3
Sep 2022122.3223.0
Aug 2022121.3222.6
Jul 2022121.1222.3
Jun 2022119.2222.2
May 2022114.6221.9
Apr 2022113.9220.8
Mar 2022112.8220.9
Feb 2022113.7219.9
Jan 2022109.4218.9
Dec 2021108.0218.7
Nov 2021108.5218.1
Oct 2021109.6216.8
Sep 2021106.4214.2
Aug 2021105.2213.3
Jul 2021104.7212.5
Jun 2021104.8210.6
May 2021102.8209.3
Apr 2021102.4208.2
Mar 2021102.3208.1
Feb 2021101.5207.4
Jan 2021102.3207.9
Dec 2020103.5206.7
Nov 2020103.1205.0
Oct 2020104.7202.4
Sep 2020103.1200.1
Aug 2020103.3199.0
Jul 2020102.7197.8
Jun 2020102.8198.8
May 2020103.1199.6
Apr 2020102.0200.6
Mar 2020103.0198.6
Feb 2020102.7197.3
Jan 2020101.8195.0
Dec 2019100.7196.3
Nov 2019101.2195.2
Oct 2019101.4194.7
Sep 2019101.9194.4
Aug 2019102.0194.6
Jul 2019102.1194.7
Jun 2019103.8191.8
May 2019104.8187.3
Apr 2019104.2183.2
Mar 2019105.4181.2
Feb 2019104.7178.9
Jan 2019103.6177.1
Dec 2018103.8176.6
Nov 2018103.0175.2
Oct 2018102.0173.1
Sep 2018101.4169.1
Aug 201899.6165.9
Jul 201899.2165.4
Jun 201899.5161.8
May 2018102.3160.3
Apr 2018102.1156.9
Mar 2018101.8155.3
Feb 201898.9154.6
Jan 2018100.6152.2
Dec 201799.4152.6
Nov 201799.0150.8
Oct 201798.0148.7
Sep 201798.6145.5
Aug 201797.0143.5
Jul 201796.4141.0
Jun 201795.2139.1
May 201796.4135.9
Apr 201797.5135.7
Mar 201797.3134.3
Feb 201798.0132.1
Jan 201799.0130.5
Dec 2016101.3129.4
Nov 2016101.4128.6
Oct 201699.1126.0
Sep 201699.4122.5
Aug 2016100.3119.3
Jul 2016102.9115.2
Jun 2016101.8115.1
May 2016103.7113.9
Apr 2016103.4113.2
Mar 2016102.1114.2
Feb 201699.8113.9
Jan 2016100.2112.6
Dec 2015102.0110.6
Nov 2015101.9108.8
Oct 2015102.4108.2
Sep 2015100.1107.5
Aug 2015101.8106.6
Jul 2015101.0105.7
Jun 201599.4106.1
May 201596.8103.7
Apr 201599.2101.7
Mar 2015100.5101.0
Feb 201594.0100.0
Jan 2015100.0100.0

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
January 2015February 2015−6.0%11
March 2015May 2015−3.7%22
May 2016June 2017−8.2%1318
March 2019December 2019−4.5%921
March 2023May 2023−5.8%23
April 2024July 2024−3.6%32
April 2025May 2025−6.7%16

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 Caminha

Next 12 months

Asking prices have an 80% chance of landing between €2,440/m² and €2,883/m² by August 2027.

Expected, August 2027
€2,661/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €156,150. With 10% down and a 30-year mortgage, the payment is €593 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
25%
Payment, one income
51%

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
€600
Owning per month
€550

Asking against valuation

Sellers ask 17.3% more than banks value homes at. A year ago the gap was +9.1%.

Gap today
+17.3%
Change in a year
+8.2 pp

New homes

7.2% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
62
Per 1,000 residents
3.6

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 8.8% more per m² than buyers living in Portugal.

Abroad against residents
+8.8%

People and new homes

In 2025 the population grew by 60 while 56 homes were finished: 1.1 new residents for every new home.

New residents per new home, 2025
1.1
Population change, 2025
+60

Empty homes

8.3% of the 14,361 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
8.3%
Empty homes
1,193

Renovation

In 2025, 9% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
9%
Reconstructions per 100 new buildings
2.0

Public housing works

Public bodies signed €119.8K of housing works here in 2025, and €134K since 2012.

Signed in 2025
€119.8K
Per resident, 2025
€7

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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