Imofolio
Sign inGet started for free

Faro district · report

New homes in Faro district

0.1% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
1,611
Per 1,000 residents
2.8

Homes licensed for construction in Faro district

Dwellings in new buildings licensed over the previous 12 months, at each month.

  • Faro district
  • Ten-year average
Show the numbers
PeriodFaro district
Aug 20261,611
Jul 20261,567
Jun 20261,545
May 20261,769
Apr 20261,869
Mar 20261,882
Feb 20261,894
Jan 20261,912
Dec 20251,811
Nov 20251,882
Oct 20251,831
Sep 20251,745
Aug 20251,793
Jul 20251,914
Jun 20251,922
May 20251,821
Apr 20251,738
Mar 20251,700
Feb 20251,675
Jan 20251,736
Dec 20241,684
Nov 20241,765
Oct 20241,813
Sep 20241,700
Aug 20241,865
Jul 20241,813
Jun 20241,713
May 20241,691
Apr 20241,779
Mar 20241,688
Feb 20241,840
Jan 20241,864
Dec 20231,863
Nov 20231,877
Oct 20231,897
Sep 20232,051
Aug 20231,982
Jul 20232,022
Jun 20232,024
May 20232,210
Apr 20232,416
Mar 20232,367
Feb 20232,283
Jan 20232,240
Dec 20222,173
Nov 20222,106
Oct 20222,004
Sep 20221,912
Aug 20221,859
Jul 20221,753
Jun 20221,721
May 20221,581
Apr 20221,434
Mar 20221,489
Feb 20221,786
Jan 20221,755
Dec 20211,822
Nov 20211,842
Oct 20211,878
Jul 20211,888
Apr 20211,752
Jan 20211,321
Oct 20201,288
Sep 20201,348
Aug 20201,465
Jul 20201,465
Jun 20201,482
May 20201,540
Apr 20201,517
Mar 20201,471
Feb 20201,617
Jan 20201,739
Dec 20191,679
Nov 20191,678
Oct 20191,638
Sep 20191,725
Aug 20191,620
Jul 20191,532
Jun 20191,590
May 20191,554
Apr 20191,575
Mar 20191,806
Feb 20191,607
Jan 20191,492
Dec 20181,532
Nov 20181,459
Oct 20181,559
Sep 20181,392
Aug 20181,302
Jul 20181,308
Jun 20181,251
May 20181,084
Apr 20181,086
Mar 2018990
Feb 2018967
Jan 2018990
Dec 2017945
Nov 2017932
Oct 2017846
Sep 2017776
Aug 2017905
Jul 20171,007
Jun 2017939
May 2017984
Apr 20171,280
Mar 20171,175
Feb 20171,173
Jan 20171,197
Dec 20161,101
Nov 20161,154
Oct 20161,194
Sep 20161,177
Aug 20161,044
Jul 2016982
Jun 2016945
May 2016884
Apr 2016586
Mar 2016632
Feb 2016555
Jan 2016560
Dec 2015575
Nov 2015447
Oct 2015490
Sep 2015494
Aug 2015470
Jul 2015517
Jun 2015545
May 2015470
Apr 2015511
Mar 2015465
Feb 2015424
Jan 2015455
Dec 2014441
Nov 2014363
Oct 2014420
Sep 2014397
Aug 2014267
Jul 2014355
Jun 2014357
May 2014301
Apr 2014349
Mar 2014341
Feb 2014323
Jan 2014421
Dec 2013407
Nov 2013401
Oct 2013409
Sep 2013425
Aug 2013392
Jul 2013416
Jun 2013392
May 2013401
Apr 2013486
Mar 2013508
Feb 2013538
Jan 2013517
Dec 2012554
Nov 2012896
Oct 2012935
Sep 2012949
Aug 20121,100
Jul 20121,125
Jun 20121,176
May 20121,193
Apr 20121,189
Mar 20121,199
Feb 20121,160
Jan 20121,184
Dec 20111,209
Nov 2011957
Oct 2011960
Sep 2011923
Aug 2011749

Homes finished and licensed each year in Faro district

Homes completed in new buildings (columns) against homes licensed for construction (line), each year since 2011. INE.

  • Homes finished
  • Homes licensed
Show the numbers
YearHomes finishedHomes licensed
20251,3971,811
20241,7061,730
20231,3901,888
20221,0672,168
20211,1711,822
20209331,393
20199351,671
20187081,496
2017587972
20165441,106
2015536552
2014540428
2013742399
20121,198543
20112,1291,210
Homes finished per 1,000 residents, 2025
2.4

Who built the homes finished in Faro district

Who built the homes completed each year, as a share of that year. INE, since 2011.

  • Cooperatives and others
  • Public bodies
  • Private individuals
  • Companies
Show the numbers
YearCompaniesPrivate individualsPublic bodiesCooperatives and othersTotal
202573.4%25.0%1.6%0.0%1,397
202482.1%17.9%0.1%0.0%1,706
202371.7%27.9%0.4%0.0%1,390
202267.4%32.4%0.0%0.2%1,067
202171.1%28.9%0.0%0.0%1,171
202064.2%35.6%0.1%0.1%933
201972.8%27.0%0.2%0.0%935
201867.9%31.6%0.4%0.0%708
201766.3%31.0%0.0%2.7%587
201669.3%30.5%0.2%0.0%544
201574.3%25.7%0.0%0.0%536
201472.4%27.6%0.0%0.0%540
201351.1%48.2%0.1%0.5%742
201262.3%37.6%0.1%0.0%1,198
201165.3%34.6%0.1%0.0%2,129

Homes finished in Faro district, by number of bedrooms

Homes completed in new buildings by number of bedrooms, as a share of each year. INE.

  • Four or more
  • Three bedrooms
  • Two bedrooms
  • Studio or one bedroom
Show the numbers
YearStudio or one bedroomTwo bedroomsThree bedroomsFour or moreTotal
202523.6%36.5%30.1%9.8%1,397
202423.0%38.2%29.9%8.9%1,706
202327.0%34.2%31.1%7.7%1,390
202219.5%32.9%34.5%13.1%1,067
202129.0%28.6%32.2%10.2%1,171
202016.5%33.1%38.0%12.3%933
201918.9%33.3%37.2%10.6%935
201818.1%29.9%36.2%15.8%708
201725.7%25.9%31.9%16.5%587
201627.8%35.8%24.1%12.3%544
201525.0%37.3%24.4%13.2%536
201423.5%44.3%23.3%8.9%540
201326.3%34.9%22.8%16.0%742
201224.9%37.1%26.5%11.6%1,198
201126.5%37.1%25.0%11.4%2,129

A licence is permission to build, not a finished home: most are completed one to three years later, and some never are. INE publishes licensing three months at a time, so four windows make a year.

Other reports for Faro district

Next 12 months

Asking prices have an 80% chance of landing between €4,336/m² and €4,647/m² by September 2027.

Expected, September 2027
€4,491/m²
Chance of a rise
99%

Affordability

Figures for Portugal: Faro district has no reliable figures of its own.

At the bank valuation, a 90 m² home costs €205,020. With 10% down and a 30-year mortgage, the payment is €778 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
31%
Payment, one income
63%

Buy or rent

Figures for Portugal: Faro district has no reliable figures of its own.

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
€878
Owning per month
€715

Foreign buyers

Figures for Portugal: Faro district has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 33.5% more per m² than buyers living in Portugal.

Abroad against residents
+33.5%

People and new homes

In 2025 the population grew by 937 while 1,397 homes were finished: 0.7 new residents for every new home.

New residents per new home, 2025
0.7
Population change, 2025
+937

Empty homes

11.9% of the 391,416 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
11.9%
Empty homes
46,752

Renovation

In 2025, 34% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
34%
Reconstructions per 100 new buildings
2.4

Public housing works

Public bodies signed €103M of housing works here in 2025, and €162.4M since 2012.

Signed in 2025
€103M
Per resident, 2025
€178

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.

Made with Imofolio · imofolio.com/en/market/portugal/distrito-faro/supply

Selling homes in Portugal? Keep the whole sale in one place.

Imofolio is the CRM for estate agents and agencies: properties, buyers, viewings, proposals and your own website, from the first enquiry to the closing.

Try free for 3 daysTalk to the team