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Faro · report

Past price cycles in Faro

Bank valuations have fallen by 3% or more 9 times since 2014. The deepest began in June 2020.

Deepest fall
−8.8%
Recovery from the low
8 months

Prices in Faro and Portugal, indexed

Bank valuations, both set to 100 in October 2014.

  • Faro
  • Portugal
  • 100 = October 2014
Show the numbers
PeriodFaroPortugal
Sep 2026321.0301.3
Aug 2026316.5298.1
Jul 2026313.0296.3
Jun 2026311.4294.7
May 2026318.1292.1
Apr 2026314.9287.6
Mar 2026310.5284.5
Feb 2026302.0280.7
Jan 2026298.2278.4
Dec 2025294.8275.3
Nov 2025291.1272.5
Oct 2025290.4267.9
Sep 2025288.4263.9
Aug 2025281.8259.9
Jul 2025277.3257.3
Jun 2025271.6252.8
May 2025271.0249.5
Apr 2025272.5246.8
Mar 2025274.7244.3
Feb 2025267.9239.4
Jan 2025253.1234.7
Dec 2024246.5231.1
Nov 2024250.1230.2
Oct 2024251.1227.6
Sep 2024245.6224.2
Aug 2024241.1220.1
Jul 2024233.4216.7
Jun 2024229.6214.0
May 2024228.2213.0
Apr 2024222.0211.1
Mar 2024220.5209.0
Feb 2024219.8206.3
Jan 2024221.3205.0
Dec 2023222.2203.2
Nov 2023225.1202.4
Oct 2023227.8203.2
Sep 2023226.9203.8
Aug 2023227.9203.4
Jul 2023227.0201.7
Jun 2023224.1200.8
May 2023221.5199.7
Apr 2023216.5197.2
Mar 2023229.1196.2
Feb 2023234.6195.5
Jan 2023234.7196.4
Dec 2022224.8192.9
Nov 2022213.4191.7
Oct 2022205.8187.8
Sep 2022208.7189.0
Aug 2022211.1187.0
Jul 2022211.8187.4
Jun 2022209.0186.1
May 2022204.2182.5
Apr 2022201.1179.4
Mar 2022199.8176.1
Feb 2022198.8173.8
Jan 2022195.6170.9
Dec 2021191.2170.0
Nov 2021192.7168.3
Oct 2021188.4165.5
Sep 2021179.1163.5
Aug 2021178.2161.5
Jul 2021173.6161.5
Jun 2021170.7160.7
May 2021171.0160.3
Apr 2021171.6158.7
Mar 2021175.4157.0
Feb 2021169.7155.3
Jan 2021166.6154.8
Dec 2020161.2152.9
Nov 2020171.4151.3
Oct 2020173.4149.6
Sep 2020166.8149.2
Aug 2020164.4149.2
Jul 2020170.4149.1
Jun 2020176.7148.0
May 2020160.1147.4
Apr 2020161.5147.0
Mar 2020162.6146.8
Feb 2020161.6147.0
Jan 2020158.5145.9
Dec 2019159.6144.3
Nov 2019159.8142.3
Oct 2019154.5141.4
Sep 2019155.4141.0
Aug 2019157.9139.4
Jul 2019157.4138.1
Jun 2019152.9136.2
May 2019152.2135.3
Apr 2019152.4134.3
Mar 2019153.6133.1
Feb 2019156.3132.3
Jan 2019157.5130.0
Dec 2018157.5129.2
Nov 2018149.8128.0
Oct 2018140.5127.9
Sep 2018134.2126.9
Aug 2018131.1125.8
Jul 2018134.6124.5
Jun 2018138.2123.3
May 2018136.2122.9
Apr 2018130.0122.2
Mar 2018128.9121.7
Feb 2018127.6120.5
Jan 2018126.5119.3
Dec 2017126.9117.9
Nov 2017125.2117.6
Oct 2017122.2117.2
Sep 2017122.0116.5
Aug 2017118.9114.8
Jul 2017118.7113.9
Jun 2017118.6113.8
May 2017118.6113.4
Apr 2017118.6113.0
Mar 2017114.6112.3
Feb 2017107.4112.0
Jan 2017104.4111.2
Dec 2016108.8110.2
Nov 2016110.1109.3
Oct 2016110.7108.5
Sep 2016107.1107.9
Aug 2016109.8107.7
Jul 2016105.7106.6
Jun 2016100.5106.2
May 201699.6105.8
Apr 2016107.5105.0
Mar 2016108.0104.2
Feb 2016107.0103.8
Jan 2016101.4103.8
Dec 2015104.6104.2
Nov 2015102.2103.6
Oct 201598.6103.2
Sep 201597.8102.8
Aug 201595.8102.4
Jul 201597.4102.6
Jun 201596.9101.7
May 201597.1101.6
Apr 201598.5100.5
Mar 2015100.3100.0
Feb 201598.6100.0
Jan 201592.5100.0
Dec 201492.299.3
Nov 201492.799.3
Oct 2014100.0100.0

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
October 2014December 2014−7.8%23
March 2015August 2015−4.5%53
December 2015January 2016−3.0%11
March 2016May 2016−7.8%23
October 2016January 2017−5.7%32
June 2018August 2018−5.2%22
January 2019May 2019−3.3%43
June 2020December 2020−8.8%68
January 2023April 2023−7.8%316

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 Faro

Next 12 months

Asking prices have an 80% chance of landing between €4,311/m² and €4,779/m² by September 2027.

Expected, September 2027
€4,545/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €262,890. With 10% down and a 30-year mortgage, the payment is €998 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
41%
Payment, one income
83%

Buy or rent

Renting a 90 m² home costs less each month than owning 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
€926
Owning per month
€995

Asking against valuation

Sellers ask 34.3% more than banks value homes at. A year ago the gap was +30.9%.

Gap today
+34.3%
Change in a year
+3.5 pp

New homes

11.1% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
106
Per 1,000 residents
1.3

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 23.1% more per m² than buyers living in Portugal.

Abroad against residents
+23.1%

People and new homes

In 2025 the population fell by 60 while 40 homes were finished.

Homes finished, 2025
40
Population change, 2025
−60

Empty homes

12.6% of the 38,638 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.6%
Empty homes
4,851

Renovation

In 2025, 0% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
0%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €17.2M of housing works here in 2025, and €31.4M since 2012.

Signed in 2025
€17.2M
Per resident, 2025
€215

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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