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Fundão · report

Past price cycles in Fundão

Asking prices have fallen by 3% or more 6 times since 2015. The deepest began in July 2017.

Deepest fall
−21.3%
Recovery from the low
62 months

Prices in Fundão and Portugal, indexed

Asking prices, both set to 100 in August 2015.

  • Fundão
  • Portugal
  • 100 = August 2015
Show the numbers
PeriodFundãoPortugal
Sep 2026132.9300.8
Aug 2026131.9298.9
Jul 2026133.7299.2
Jun 2026136.6299.3
May 2026132.4298.0
Apr 2026128.8298.0
Mar 2026132.3295.8
Feb 2026130.8292.7
Jan 2026125.2290.0
Dec 2025129.1287.0
Nov 2025132.9285.5
Oct 2025133.9281.7
Sep 2025129.1278.9
Aug 2025124.4278.0
Jul 2025124.0277.0
Jun 2025117.9273.8
May 2025119.0269.4
Apr 2025118.2267.2
Mar 2025117.4263.9
Feb 2025113.3260.5
Jan 2025109.1256.6
Dec 2024105.8253.5
Nov 2024102.6249.6
Oct 202499.4247.0
Sep 202499.4245.7
Aug 202494.6244.7
Jul 202493.8244.5
Jun 202495.5242.5
May 202498.9241.2
Apr 202498.2237.7
Mar 202496.6236.0
Feb 202494.2234.1
Jan 202495.4232.8
Dec 202395.4229.9
Nov 202396.3227.9
Oct 2023101.0224.4
Sep 2023103.7222.7
Aug 2023105.0222.3
Jul 2023104.3223.0
Jun 2023104.3222.8
May 2023102.9220.8
Apr 2023105.6219.9
Mar 2023103.7217.8
Feb 2023104.2216.7
Jan 2023106.5215.3
Dec 2022105.3214.3
Nov 2022104.6213.8
Oct 2022102.9210.5
Sep 202298.2209.3
Aug 2022100.2208.9
Jul 2022102.4208.7
Jun 2022103.4208.6
May 202297.9208.3
Apr 202298.4207.2
Mar 202299.5207.3
Feb 2022100.0206.3
Jan 202298.2205.4
Dec 202198.4205.2
Nov 2021101.3204.7
Oct 2021103.0203.4
Sep 2021103.7201.0
Aug 2021100.2200.2
Jul 2021102.2199.4
Jun 202198.1197.7
May 202198.4196.5
Apr 202198.4195.4
Mar 202199.5195.3
Feb 2021100.0194.7
Jan 2021103.0195.2
Dec 202096.5193.9
Nov 202097.3192.4
Oct 202095.8189.9
Sep 202096.0187.8
Aug 202095.2186.8
Jul 202093.0185.6
Jun 202093.6186.6
May 202088.8187.3
Apr 202090.4188.3
Mar 202086.9186.4
Feb 202089.5185.2
Jan 202086.7183.0
Dec 201986.6184.2
Nov 201988.8183.2
Oct 201986.9182.8
Sep 201988.7182.5
Aug 201993.0182.7
Jul 201992.7182.8
Jun 201990.7180.0
May 201989.9175.8
Apr 201992.2171.9
Mar 201995.7170.1
Feb 2019101.3167.9
Jan 201997.1166.2
Dec 201894.4165.7
Nov 201895.7164.4
Oct 201898.1162.4
Sep 201896.0158.7
Aug 2018101.0155.7
Jul 2018105.1155.3
Jun 2018103.5151.8
May 2018100.5150.4
Apr 2018101.6147.3
Mar 2018102.4145.8
Feb 2018103.7145.1
Jan 201897.4142.9
Dec 201797.9143.2
Nov 201798.7141.6
Oct 2017102.1139.5
Sep 2017103.2136.5
Aug 2017102.9134.7
Jul 2017110.1132.3
Jun 2017108.5130.6
May 2017105.3127.6
Apr 2017103.0127.4
Mar 2017105.3126.0
Feb 2017107.0124.0
Jan 2017103.2122.5
Dec 201699.5121.4
Nov 201697.1120.7
Oct 201697.3118.3
Sep 201697.9115.0
Aug 2016101.3111.9
Jul 201698.6108.1
Jun 201694.6108.0
May 201693.3106.9
Apr 201694.9106.2
Mar 201696.5107.2
Feb 2016101.6106.9
Jan 201699.0105.7
Dec 201597.3103.8
Nov 201595.5102.1
Oct 201596.6101.6
Sep 201596.2100.9
Aug 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 2015November 2015−4.5%33
February 2016May 2016−8.2%38
February 2017April 2017−3.7%22
July 2017December 2019−21.3%2962
October 2025January 2026−6.4%35
June 2026August 2026−3.4%2Not 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 Fundão

Next 12 months

Asking prices have an 80% chance of landing between €743/m² and €957/m² by September 2027.

Expected, September 2027
€850/m²
Chance of a rise
59%

Affordability

At the bank valuation, a 90 m² home costs €98,460. With 10% down and a 30-year mortgage, the payment is €374 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
16%
Payment, one income
32%

Buy or rent

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
€437
Owning per month
€268

Asking against valuation

Sellers ask 23.9% less than banks value homes at. A year ago the gap was −20.9%.

Gap today
−23.9%
Change in a year
−3.0 pp

New homes

121.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
157
Per 1,000 residents
5.7

Foreign buyers

Figures for Beiras e Serra da Estrela: Fundão has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 23.0% less per m² than buyers living in Portugal.

Abroad against residents
−23.0%

People and new homes

In 2025 the population grew by 92 while 36 homes were finished: 2.6 new residents for every new home.

New residents per new home, 2025
2.6
Population change, 2025
+92

Empty homes

16.1% of the 22,496 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
16.1%
Empty homes
3,614

Renovation

In 2025, 19% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
19%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €8.5M of housing works here in 2025, and €11.6M since 2012.

Signed in 2025
€8.5M
Per resident, 2025
€307

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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