Imofolio
Sign inGet started for free

Vila Real district · report

Past price cycles in Vila Real district

Asking prices have fallen by 3% or more 4 times since 2015. The deepest began in February 2016.

Deepest fall
−15.0%
Recovery from the low
23 months

Prices in Vila Real district and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Vila Real district
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodVila Real districtPortugal
Sep 2026152.2320.6
Aug 2026147.0318.5
Jul 2026145.6318.8
Jun 2026146.1318.9
May 2026144.9317.6
Apr 2026143.9317.6
Mar 2026144.5315.2
Feb 2026141.3311.9
Jan 2026137.7309.0
Dec 2025135.6305.9
Nov 2025136.6304.2
Oct 2025135.1300.2
Sep 2025137.2297.2
Aug 2025135.6296.2
Jul 2025133.6295.1
Jun 2025129.7291.8
May 2025127.5287.1
Apr 2025131.5284.7
Mar 2025130.2281.2
Feb 2025128.9277.6
Jan 2025126.4273.4
Dec 2024127.3270.1
Nov 2024127.9265.9
Oct 2024128.2263.2
Sep 2024127.2261.8
Aug 2024127.8260.8
Jul 2024127.3260.6
Jun 2024125.7258.4
May 2024124.3257.0
Apr 2024123.3253.3
Mar 2024121.5251.4
Feb 2024122.4249.5
Jan 2024123.1248.1
Dec 2023123.2245.0
Nov 2023120.4242.8
Oct 2023118.8239.1
Sep 2023118.2237.3
Aug 2023116.0236.8
Jul 2023116.4237.6
Jun 2023114.5237.4
May 2023112.3235.3
Apr 2023111.2234.3
Mar 2023109.9232.1
Feb 2023110.2230.9
Jan 2023109.0229.4
Dec 2022108.4228.3
Nov 2022108.1227.8
Oct 2022108.1224.3
Sep 2022108.3223.0
Aug 2022106.8222.6
Jul 2022104.7222.3
Jun 2022105.5222.2
May 2022105.9221.9
Apr 2022106.9220.8
Mar 2022106.8220.9
Feb 2022111.6219.9
Jan 2022111.6218.9
Dec 2021112.2218.7
Nov 2021112.7218.1
Oct 2021112.3216.8
Sep 2021108.8214.2
Aug 2021108.0213.3
Jul 2021105.5212.5
Jun 2021104.3210.6
May 2021103.3209.3
Apr 2021102.2208.2
Mar 2021102.5208.1
Feb 2021103.2207.4
Jan 2021101.0207.9
Dec 2020100.8206.7
Nov 2020101.7205.0
Oct 2020100.0202.4
Sep 202097.1200.1
Aug 202094.1199.0
Jul 202092.4197.8
Jun 202093.6198.8
May 202092.4199.6
Apr 202093.1200.6
Mar 202093.8198.6
Feb 202094.2197.3
Jan 202092.8195.0
Dec 201992.1196.3
Nov 201992.5195.2
Oct 201994.2194.7
Sep 201993.2194.4
Aug 201993.4194.6
Jul 201993.2194.7
Jun 201990.1191.8
May 201989.0187.3
Apr 201988.0183.2
Mar 201987.0181.2
Feb 201987.6178.9
Jan 201989.6177.1
Dec 201891.0176.6
Nov 201891.3175.2
Oct 201892.3173.1
Sep 201892.3169.1
Aug 201894.2165.9
Jul 201896.3165.4
Jun 2018100.8161.8
May 201899.4160.3
Apr 201899.6156.9
Mar 201892.4155.3
Feb 201893.4154.6
Jan 201893.0152.2
Dec 201792.5152.6
Nov 201793.4150.8
Oct 201791.4148.7
Sep 201791.3145.5
Aug 201793.6143.5
Jul 201795.7141.0
Jun 201795.7139.1
May 201796.3135.9
Apr 201796.8135.7
Mar 201797.4134.3
Feb 201794.9132.1
Jan 201794.6130.5
Dec 201693.9129.4
Nov 201693.4128.6
Oct 201692.8126.0
Sep 201691.2122.5
Aug 201697.7119.3
Jul 201699.2115.2
Jun 2016100.0115.1
May 2016100.3113.9
Apr 2016101.7113.2
Mar 2016101.5114.2
Feb 2016102.3113.9
Jan 201699.0112.6
Dec 201599.6110.6
Nov 201599.9108.8
Oct 2015101.1108.2
Sep 201597.4107.5
Aug 201598.1106.6
Jul 201597.0105.7
Jun 201597.4106.1
May 201596.3103.7
Apr 201597.9101.7
Mar 201598.9101.0
Feb 2015100.6100.0
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
February 2015May 2015−4.3%35
February 2016March 2019−15.0%3723
November 2021July 2022−7.1%811
April 2025May 2025−3.0%12

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 Vila Real district

Next 12 months

Asking prices have an 80% chance of landing between €1,130/m² and €1,294/m² by September 2027.

Expected, September 2027
€1,212/m²
Chance of a rise
96%

Affordability

Figures for Portugal: Vila Real 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: Vila Real 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

3.0% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
390
Per 1,000 residents
2.1

Foreign buyers

Figures for Portugal: Vila Real 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 32 while 257 homes were finished: 0.1 new residents for every new home.

New residents per new home, 2025
0.1
Population change, 2025
+32

Empty homes

10.9% of the 142,736 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.9%
Empty homes
15,526

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
8.0

Public housing works

Public bodies signed €21.4M of housing works here in 2025, and €63.7M since 2012.

Signed in 2025
€21.4M
Per resident, 2025
€114

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-vila-real/cycles

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