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Guarda · report

Renovation in Guarda

In 2025, 6% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
6%
Reconstructions per 100 new buildings
0.0

Buildings finished in Guarda, by kind of work

Buildings completed each year: new construction, extensions, alterations and reconstructions. INE.

  • Reconstructions
  • Alterations
  • Extensions
  • New construction
Show the numbers
YearNew constructionExtensionsAlterationsReconstructionsTotal
20251501016
20241000010
202340004
202241005
202141005
202061007
201934007
201831105
2017631010
20161010011
201513206140
2014162411051
201322265356
201225238460
2011553877107

INE counts buildings, not homes, and every kind of building, not only housing. A reconstruction rebuilds an existing building; an alteration changes its layout or use.

Other reports for Guarda

Asking prices have an 80% chance of landing between €1,224/m² and €1,464/m² by September 2027.

Expected, September 2027
€1,344/m²
Chance of a rise
99%

At the bank valuation, a 90 m² home costs €111,510. With 10% down and a 30-year mortgage, the payment is €423 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
15%
Payment, one income
30%

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
€473
Owning per month
€290

Sellers ask 9.6% less than banks value homes at. A year ago the gap was −11.3%.

Gap today
−9.6%
Change in a year
+1.7 pp

161.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
59
Per 1,000 residents
1.5

Figures for Beiras e Serra da Estrela: Guarda 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%

Bank valuations have fallen by 3% or more 10 times since 2015. The deepest began in August 2018.

Deepest fall
−18.9%
Recovery from the low
17 months

In 2025 the population fell by 133 while 27 homes were finished.

Homes finished, 2025
27
Population change, 2025
−133

11.9% of the 28,416 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
11.9%
Empty homes
3,383

Public bodies signed €8.8M of housing works here in 2025, and €20.8M since 2012.

Signed in 2025
€8.8M
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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