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Santarém district · report

Past price cycles in Santarém district

Asking prices have fallen by 3% or more 2 times since 2015. The deepest began in June 2018.

Deepest fall
−11.7%
Recovery from the low
27 months

Prices in Santarém district and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Santarém district
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodSantarém districtPortugal
Sep 2026258.0320.6
Aug 2026254.2318.5
Jul 2026251.4318.8
Jun 2026248.2318.9
May 2026244.1317.6
Apr 2026240.2317.6
Mar 2026234.7315.2
Feb 2026229.9311.9
Jan 2026227.3309.0
Dec 2025223.1305.9
Nov 2025224.0304.2
Oct 2025218.8300.2
Sep 2025214.3297.2
Aug 2025206.9296.2
Jul 2025204.1295.1
Jun 2025199.7291.8
May 2025197.1287.1
Apr 2025195.6284.7
Mar 2025195.8281.2
Feb 2025194.7277.6
Jan 2025191.6273.4
Dec 2024187.8270.1
Nov 2024184.4265.9
Oct 2024183.0263.2
Sep 2024178.4261.8
Aug 2024176.1260.8
Jul 2024172.2260.6
Jun 2024170.1258.4
May 2024170.3257.0
Apr 2024169.8253.3
Mar 2024168.3251.4
Feb 2024166.4249.5
Jan 2024164.7248.1
Dec 2023165.6245.0
Nov 2023164.7242.8
Oct 2023162.2239.1
Sep 2023160.2237.3
Aug 2023157.5236.8
Jul 2023156.8237.6
Jun 2023155.1237.4
May 2023152.9235.3
Apr 2023152.6234.3
Mar 2023151.2232.1
Feb 2023149.5230.9
Jan 2023146.2229.4
Dec 2022143.5228.3
Nov 2022141.6227.8
Oct 2022139.9224.3
Sep 2022138.4223.0
Aug 2022137.4222.6
Jul 2022136.3222.3
Jun 2022134.4222.2
May 2022129.9221.9
Apr 2022126.4220.8
Mar 2022123.3220.9
Feb 2022122.2219.9
Jan 2022121.6218.9
Dec 2021121.2218.7
Nov 2021120.6218.1
Oct 2021120.7216.8
Sep 2021120.9214.2
Aug 2021119.5213.3
Jul 2021118.8212.5
Jun 2021117.6210.6
May 2021117.0209.3
Apr 2021115.5208.2
Mar 2021115.0208.1
Feb 2021115.2207.4
Jan 2021116.1207.9
Dec 2020114.3206.7
Nov 2020113.5205.0
Oct 2020113.1202.4
Sep 2020113.2200.1
Aug 2020112.9199.0
Jul 2020112.0197.8
Jun 2020111.0198.8
May 2020111.0199.6
Apr 2020110.8200.6
Mar 2020111.1198.6
Feb 2020109.9197.3
Jan 2020109.6195.0
Dec 2019109.9196.3
Nov 2019110.8195.2
Oct 2019111.6194.7
Sep 2019113.7194.4
Aug 2019114.4194.6
Jul 2019116.1194.7
Jun 2019116.1191.8
May 2019116.2187.3
Apr 2019116.2183.2
Mar 2019116.7181.2
Feb 2019116.5178.9
Jan 2019116.4177.1
Dec 2018116.1176.6
Nov 2018116.2175.2
Oct 2018123.3173.1
Sep 2018123.6169.1
Aug 2018122.4165.9
Jul 2018123.6165.4
Jun 2018124.2161.8
May 2018122.5160.3
Apr 2018121.0156.9
Mar 2018118.0155.3
Feb 2018116.1154.6
Jan 2018115.6152.2
Dec 2017116.5152.6
Nov 2017117.4150.8
Oct 2017119.1148.7
Sep 2017118.2145.5
Aug 2017117.0143.5
Jul 2017116.2141.0
Jun 2017113.1139.1
May 2017110.5135.9
Apr 2017110.5135.7
Mar 2017110.7134.3
Feb 2017108.7132.1
Jan 2017108.9130.5
Dec 2016108.6129.4
Nov 2016108.0128.6
Oct 2016108.4126.0
Sep 2016107.1122.5
Aug 2016106.5119.3
Jul 2016104.1115.2
Jun 2016104.2115.1
May 2016104.8113.9
Apr 2016104.5113.2
Mar 2016105.4114.2
Feb 2016105.9113.9
Jan 2016106.0112.6
Dec 2015106.3110.6
Nov 2015106.6108.8
Oct 2015106.0108.2
Sep 2015107.5107.5
Aug 2015107.8106.6
Jul 2015107.2105.7
Jun 2015105.7106.1
May 2015102.0103.7
Apr 201598.5101.7
Mar 201599.8101.0
Feb 201598.8100.0
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 2015July 2016−3.5%113
June 2018January 2020−11.7%1927

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 Santarém district

Next 12 months

Asking prices have an 80% chance of landing between €1,962/m² and €2,138/m² by September 2027.

Expected, September 2027
€2,050/m²
Chance of a rise
100%

Affordability

Figures for Portugal: Santarém 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: Santarém 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

63.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
1,171
Per 1,000 residents
2.5

Foreign buyers

Figures for Portugal: Santarém 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 4,131 while 719 homes were finished: 5.7 new residents for every new home.

New residents per new home, 2025
5.7
Population change, 2025
+4,131

Empty homes

17.2% of the 269,099 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
17.2%
Empty homes
46,234

Renovation

In 2025, 16% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
16%
Reconstructions per 100 new buildings
3.0

Public housing works

Public bodies signed €45.9M of housing works here in 2025, and €86.7M since 2012.

Signed in 2025
€45.9M
Per resident, 2025
€98

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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