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Fafe · report

Past price cycles in Fafe

Bank valuations have fallen by 3% or more 17 times since 2015. The deepest began in February 2016.

Deepest fall
−12.9%
Recovery from the low
6 months

Prices in Fafe and Portugal, indexed

Bank valuations, both set to 100 in March 2015.

  • Fafe
  • Portugal
  • 100 = March 2015
Show the numbers
PeriodFafePortugal
Sep 2026243.6301.3
Aug 2026246.2298.1
Jul 2026250.1296.3
Jun 2026252.7294.7
May 2026251.7292.1
Apr 2026243.1287.6
Mar 2026240.1284.5
Feb 2026237.5280.7
Jan 2026227.7278.4
Dec 2025218.7275.3
Nov 2025223.3272.5
Oct 2025221.7267.9
Sep 2025218.2263.9
Aug 2025210.9259.9
Jul 2025216.1257.3
Jun 2025219.6252.8
May 2025218.9249.5
Apr 2025207.9246.8
Mar 2025203.5244.3
Feb 2025200.7239.4
Jan 2025201.1234.7
Dec 2024201.1231.1
Nov 2024208.9230.2
Oct 2024200.2227.6
Sep 2024196.8224.2
Aug 2024188.6220.1
Jul 2024187.9216.7
Jun 2024189.1214.0
May 2024189.5213.0
Apr 2024185.3211.1
Mar 2024182.7209.0
Feb 2024183.9206.3
Jan 2024182.8205.0
Dec 2023180.0203.2
Nov 2023172.5202.4
Oct 2023167.1203.2
Sep 2023163.7203.8
Aug 2023171.6203.4
Jul 2023173.4201.7
Jun 2023174.4200.8
May 2023168.3199.7
Apr 2023164.1197.2
Mar 2023148.5196.2
Feb 2023163.6195.5
Jan 2023155.7196.4
Dec 2022159.7192.9
Nov 2022157.4191.7
Oct 2022167.6187.8
Sep 2022167.8189.0
Aug 2022170.4187.0
Jul 2022160.6187.4
Jun 2022160.1186.1
May 2022150.6182.5
Apr 2022157.1179.4
Mar 2022157.6176.1
Feb 2022156.4173.8
Jan 2022152.4170.9
Dec 2021143.1170.0
Nov 2021144.5168.3
Oct 2021146.9165.5
Sep 2021146.6163.5
Aug 2021146.8161.5
Jul 2021140.6161.5
Jun 2021141.2160.7
May 2021135.9160.3
Apr 2021137.8158.7
Mar 2021135.9157.0
Feb 2021135.7155.3
Jan 2021140.5154.8
Dec 2020144.0152.9
Nov 2020143.6151.3
Oct 2020138.9149.6
Sep 2020137.3149.2
Aug 2020129.8149.2
Jul 2020134.7149.1
Jun 2020128.5148.0
May 2020126.6147.4
Apr 2020125.9147.0
Mar 2020128.4146.8
Feb 2020132.4147.0
Jan 2020123.6145.9
Dec 2019125.2144.3
Nov 2019124.0142.3
Oct 2019129.4141.4
Sep 2019124.0141.0
Aug 2019119.8139.4
Jul 2019117.7138.1
Jun 2019118.9136.2
May 2019120.7135.3
Apr 2019126.3134.3
Mar 2019118.2133.1
Feb 2019111.4132.3
Jan 2019113.8130.0
Dec 2018116.8129.2
Nov 2018124.5128.0
Oct 2018122.8127.9
Sep 2018117.3126.9
Aug 2018113.3125.8
Jul 2018117.0124.5
Jun 2018115.4123.3
May 2018122.6122.9
Apr 2018118.9122.2
Mar 2018124.3121.7
Feb 2018117.7120.5
Jan 2018123.5119.3
Dec 2017123.6117.9
Nov 2017123.1117.6
Oct 2017119.8117.2
Sep 2017116.8116.5
Aug 2017124.5114.8
Jul 2017117.9113.9
Jun 2017115.9113.8
May 2017110.3113.4
Apr 2017111.2113.0
Mar 2017111.2112.3
Feb 2017108.4112.0
Jan 2017111.2111.2
Dec 2016111.2110.2
Nov 2016111.9109.3
Oct 2016107.4108.5
Sep 2016107.4107.9
Aug 2016108.2107.7
Jul 2016105.8106.6
Jun 201698.1106.2
May 201694.9105.8
Apr 201698.8105.0
Mar 2016103.3104.2
Feb 2016108.9103.8
Jan 2016103.0103.8
Dec 201595.1104.2
Nov 201595.6103.6
Oct 201597.5103.2
Sep 201599.6102.8
Aug 2015105.8102.4
Jul 2015102.3102.6
Jun 201599.8101.7
May 201599.6101.6
Apr 201595.8100.5
Mar 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
March 2015April 2015−4.2%13
August 2015December 2015−10.1%42
February 2016May 2016−12.9%36
November 2016February 2017−3.1%34
August 2017August 2018−9.0%123
November 2018February 2019−10.5%32
April 2019July 2019−6.8%33
October 2019January 2020−4.5%31
February 2020April 2020−4.9%23
July 2020August 2020−3.6%11
December 2020February 2021−5.7%26
March 2022May 2022−4.4%21
August 2022March 2023−12.8%73
June 2023September 2023−6.1%33
November 2024February 2025−3.9%33
June 2025August 2025−4.0%22
June 2026September 2026−3.6%3Not yet

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 Fafe

Next 12 months

Bank valuations have an 80% chance of landing between €1,294/m² and €1,627/m² by September 2027.

Expected, September 2027
€1,461/m²
Chance of a rise
70%

Affordability

At the bank valuation, a 90 m² home costs €125,190. With 10% down and a 30-year mortgage, the payment is €475 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
21%
Payment, one income
43%

Buy or rent

Owning and renting a 90 m² home cost about the same each month. 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
€436
Owning per month
€433

New homes

70.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
257
Per 1,000 residents
5.1

Foreign buyers

Figures for Ave: Fafe has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 17.9% less per m² than buyers living in Portugal.

Abroad against residents
−17.9%

People and new homes

In 2025 the population grew by 387 while 149 homes were finished: 2.6 new residents for every new home.

New residents per new home, 2025
2.6
Population change, 2025
+387

Empty homes

10.3% of the 26,374 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.3%
Empty homes
2,724

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
1.2

Public housing works

Public bodies signed €10.9M of housing works here in 2025, and €11.4M since 2012.

Signed in 2025
€10.9M
Per resident, 2025
€216

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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