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Porto district · report

Past price cycles in Porto district

Asking prices have fallen by 3% or more 2 times since 2015. The deepest began in June 2023.

Deepest fall
−4.8%
Recovery from the low
3 months

Prices in Porto district and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Porto district
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodPorto districtPortugal
Sep 2026332.5320.6
Aug 2026334.4318.5
Jul 2026332.9318.8
Jun 2026332.0318.9
May 2026331.4317.6
Apr 2026336.6317.6
Mar 2026335.3315.2
Feb 2026330.7311.9
Jan 2026323.8309.0
Dec 2025319.4305.9
Nov 2025323.5304.2
Oct 2025320.2300.2
Sep 2025316.2297.2
Aug 2025311.2296.2
Jul 2025309.6295.1
Jun 2025305.6291.8
May 2025302.4287.1
Apr 2025305.3284.7
Mar 2025302.9281.2
Feb 2025297.4277.6
Jan 2025292.1273.4
Dec 2024288.4270.1
Nov 2024283.4265.9
Oct 2024280.0263.2
Sep 2024276.1261.8
Aug 2024273.9260.8
Jul 2024269.5260.6
Jun 2024264.9258.4
May 2024262.0257.0
Apr 2024258.9253.3
Mar 2024256.8251.4
Feb 2024255.0249.5
Jan 2024252.2248.1
Dec 2023249.5245.0
Nov 2023245.6242.8
Oct 2023240.9239.1
Sep 2023237.3237.3
Aug 2023239.3236.8
Jul 2023244.6237.6
Jun 2023249.3237.4
May 2023246.3235.3
Apr 2023245.0234.3
Mar 2023241.2232.1
Feb 2023241.8230.9
Jan 2023240.9229.4
Dec 2022240.4228.3
Nov 2022238.8227.8
Oct 2022237.6224.3
Sep 2022239.7223.0
Aug 2022239.4222.6
Jul 2022237.9222.3
Jun 2022236.3222.2
May 2022236.9221.9
Apr 2022237.7220.8
Mar 2022236.7220.9
Feb 2022235.4219.9
Jan 2022232.9218.9
Dec 2021232.5218.7
Nov 2021230.5218.1
Oct 2021231.7216.8
Sep 2021231.0214.2
Aug 2021229.7213.3
Jul 2021228.8212.5
Jun 2021226.8210.6
May 2021224.5209.3
Apr 2021221.3208.2
Mar 2021220.9208.1
Feb 2021220.7207.4
Jan 2021220.3207.9
Dec 2020219.7206.7
Nov 2020218.1205.0
Oct 2020217.6202.4
Sep 2020215.3200.1
Aug 2020213.3199.0
Jul 2020212.0197.8
Jun 2020213.6198.8
May 2020216.5199.6
Apr 2020213.0200.6
Mar 2020208.3198.6
Feb 2020206.1197.3
Jan 2020202.2195.0
Dec 2019200.4196.3
Nov 2019198.4195.2
Oct 2019197.0194.7
Sep 2019196.2194.4
Aug 2019196.4194.6
Jul 2019195.8194.7
Jun 2019192.8191.8
May 2019189.9187.3
Apr 2019187.0183.2
Mar 2019181.7181.2
Feb 2019177.6178.9
Jan 2019175.3177.1
Dec 2018174.9176.6
Nov 2018173.8175.2
Oct 2018170.3173.1
Sep 2018167.1169.1
Aug 2018161.7165.9
Jul 2018160.1165.4
Jun 2018154.7161.8
May 2018151.0160.3
Apr 2018145.8156.9
Mar 2018143.4155.3
Feb 2018141.7154.6
Jan 2018138.8152.2
Dec 2017136.6152.6
Nov 2017133.6150.8
Oct 2017129.9148.7
Sep 2017126.9145.5
Aug 2017125.8143.5
Jul 2017123.4141.0
Jun 2017122.2139.1
May 2017120.5135.9
Apr 2017120.4135.7
Mar 2017119.2134.3
Feb 2017117.7132.1
Jan 2017115.4130.5
Dec 2016114.7129.4
Nov 2016112.6128.6
Oct 2016109.2126.0
Sep 2016107.6122.5
Aug 2016107.5119.3
Jul 2016107.0115.2
Jun 2016107.3115.1
May 2016105.4113.9
Apr 2016105.5113.2
Mar 2016104.6114.2
Feb 2016107.8113.9
Jan 2016107.7112.6
Dec 2015105.1110.6
Nov 2015100.2108.8
Oct 201599.4108.2
Sep 2015100.6107.5
Aug 2015103.6106.6
Jul 2015102.7105.7
Jun 2015102.9106.1
May 201599.5103.7
Apr 2015100.5101.7
Mar 2015100.5101.0
Feb 201599.4100.0
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
August 2015October 2015−4.1%22
June 2023September 2023−4.8%33

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 Porto district

Next 12 months

Asking prices have an 80% chance of landing between €2,962/m² and €3,368/m² by September 2027.

Expected, September 2027
€3,165/m²
Chance of a rise
54%

Affordability

Figures for Portugal: Porto 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: Porto 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

New homes

94.8% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
12,750
Per 1,000 residents
6.7

Foreign buyers

Figures for Portugal: Porto 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 6,861 while 6,638 homes were finished: 1.0 new residents for every new home.

New residents per new home, 2025
1.0
Population change, 2025
+6,861

Empty homes

10.3% of the 859,324 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.3%
Empty homes
88,641

Renovation

In 2025, 24% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
24%
Reconstructions per 100 new buildings
0.8

Public housing works

Public bodies signed €147M of housing works here in 2025, and €549.9M since 2012.

Signed in 2025
€147M
Per resident, 2025
€77

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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