Santa Maria island · report
Past price cycles in Santa Maria island
Asking prices have fallen by 3% or more 5 times since 2023. The deepest began in February 2024.
- Deepest fall
- −13.0%
- Recovery from the low
- 3 months
Prices in Santa Maria island and Portugal, indexed
Asking prices, both set to 100 in October 2023.
- Santa Maria island
- Portugal
- 100 = October 2023
Show the numbers
| Period | Santa Maria island | Portugal |
|---|---|---|
| Sep 2026 | 111.8 | 134.1 |
| Aug 2026 | 120.8 | 133.2 |
| Jul 2026 | 119.6 | 133.3 |
| Jun 2026 | 121.2 | 133.3 |
| May 2026 | 113.4 | 132.8 |
| Apr 2026 | 112.7 | 132.8 |
| Mar 2026 | 115.7 | 131.8 |
| Feb 2026 | 113.9 | 130.4 |
| Jan 2026 | 113.6 | 129.2 |
| Dec 2025 | 118.3 | 127.9 |
| Nov 2025 | 119.5 | 127.2 |
| Oct 2025 | 106.0 | 125.5 |
| Sep 2025 | 105.6 | 124.3 |
| Aug 2025 | 105.2 | 123.9 |
| Jul 2025 | 105.4 | 123.4 |
| Jun 2025 | 104.5 | 122.0 |
| May 2025 | 109.4 | 120.1 |
| Apr 2025 | 107.3 | 119.1 |
| Mar 2025 | 100.6 | 117.6 |
| Feb 2025 | 98.1 | 116.1 |
| Jan 2025 | 96.9 | 114.3 |
| Dec 2024 | 96.5 | 113.0 |
| Nov 2024 | 97.8 | 111.2 |
| Oct 2024 | 104.5 | 110.0 |
| Sep 2024 | 98.0 | 109.5 |
| Aug 2024 | 98.5 | 109.1 |
| Jul 2024 | 89.8 | 109.0 |
| Jun 2024 | 91.2 | 108.1 |
| May 2024 | 97.0 | 107.5 |
| Apr 2024 | 96.7 | 105.9 |
| Mar 2024 | 97.9 | 105.1 |
| Feb 2024 | 103.1 | 104.3 |
| Jan 2024 | 99.8 | 103.7 |
| Dec 2023 | 99.3 | 102.5 |
| Nov 2023 | 99.2 | 101.5 |
| Oct 2023 | 100.0 | 100.0 |
Every fall of 3% or more
From the peak to the lowest month after it, and how long prices took to get back.
| Peak | Low | Fall | Months falling | Months to recover |
|---|---|---|---|---|
| February 2024 | July 2024 | −13.0% | 5 | 3 |
| October 2024 | December 2024 | −7.6% | 2 | 4 |
| May 2025 | June 2025 | −4.5% | 1 | 5 |
| November 2025 | April 2026 | −5.6% | 5 | 2 |
| June 2026 | September 2026 | −7.8% | 3 | Not 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
| Period | Portugal | EU |
|---|---|---|
| Q2 2026 | 301.4 | 168.6 |
| Q1 2026 | 291.0 | 166.5 |
| Q4 2025 | 280.2 | 164.6 |
| Q3 2025 | 269.4 | 163.5 |
| Q2 2025 | 258.8 | 161.0 |
| Q1 2025 | 247.1 | 158.5 |
| Q4 2024 | 235.7 | 156.2 |
| Q3 2024 | 228.9 | 155.1 |
| Q2 2024 | 220.7 | 152.7 |
| Q1 2024 | 212.5 | 149.8 |
| Q4 2023 | 211.3 | 148.9 |
| Q3 2023 | 208.5 | 149.1 |
| Q2 2023 | 204.7 | 148.2 |
| Q1 2023 | 198.6 | 147.6 |
| Q4 2022 | 195.9 | 148.7 |
| Q3 2022 | 193.8 | 150.9 |
| Q2 2022 | 188.3 | 149.6 |
| Q1 2022 | 182.6 | 146.2 |
| Q4 2021 | 176.0 | 143.2 |
| Q3 2021 | 171.3 | 140.2 |
| Q2 2021 | 166.4 | 136.0 |
| Q1 2021 | 161.7 | 132.1 |
| Q4 2020 | 157.7 | 129.8 |
| Q3 2020 | 153.6 | 128.1 |
| Q2 2020 | 154.3 | 126.3 |
| Q1 2020 | 151.7 | 124.4 |
| Q4 2019 | 146.1 | 122.7 |
| Q3 2019 | 143.7 | 121.5 |
| Q2 2019 | 140.7 | 119.8 |
| Q1 2019 | 137.1 | 117.6 |
| Q4 2018 | 132.3 | 116.8 |
| Q3 2018 | 129.7 | 115.9 |
| Q2 2018 | 128.5 | 114.2 |
| Q1 2018 | 125.6 | 112.3 |
| Q4 2017 | 121.1 | 111.2 |
| Q3 2017 | 119.6 | 110.4 |
| Q2 2017 | 115.5 | 108.8 |
| Q1 2017 | 111.9 | 106.9 |
| Q4 2016 | 109.6 | 106.1 |
| Q3 2016 | 108.3 | 105.4 |
| Q2 2016 | 106.9 | 103.8 |
| Q1 2016 | 103.7 | 102.0 |
| Q4 2015 | 101.8 | 101.1 |
| Q3 2015 | 100.7 | 100.8 |
| Q2 2015 | 100.6 | 99.8 |
| Q1 2015 | 96.9 | 98.3 |
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 Santa Maria island
Asking prices have an 80% chance of landing between €1,250/m² and €1,888/m² by September 2027.
- Expected, September 2027
- €1,569/m²
- Chance of a rise
- 44%
Figures for Portugal: Santa Maria island 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%
Figures for Portugal: Santa Maria island 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
0.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 13
- Per 1,000 residents
- 2.3
Figures for Portugal: Santa Maria island 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%
In 2025 the population fell by 24 while 9 homes were finished.
- Homes finished, 2025
- 9
- Population change, 2025
- −24
14.7% of the 3,646 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 14.7%
- Empty homes
- 535
In 2025, 52% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.
- Work on existing buildings, 2025
- 52%
- Reconstructions per 100 new buildings
- 20.0
Public bodies signed €8.7K of housing works here in 2021, and €373K since 2012.
- Signed in 2021
- €8.7K
- Per resident, 2021
- €2
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