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São Jorge island · report

Past price cycles in São Jorge island

Asking prices have fallen by 3% or more 4 times since 2022. The deepest began in January 2022.

Deepest fall
−23.6%
Recovery from the low
19 months

Prices in São Jorge island and Portugal, indexed

Asking prices, both set to 100 in January 2022.

  • São Jorge island
  • Portugal
  • 100 = January 2022
Show the numbers
PeriodSão Jorge islandPortugal
Sep 2026153.6146.5
Aug 2026155.2145.5
Jul 2026151.3145.6
Jun 2026148.7145.7
May 2026138.6145.1
Apr 2026145.2145.1
Mar 2026139.8144.0
Feb 2026142.2142.5
Jan 2026139.2141.2
Dec 2025140.5139.7
Nov 2025142.8139.0
Oct 2025147.7137.2
Sep 2025146.0135.8
Aug 2025145.5135.3
Jul 2025145.8134.8
Jun 2025134.8133.3
May 2025132.9131.2
Apr 2025122.7130.1
Mar 2025123.3128.5
Feb 2025118.0126.8
Jan 2025111.2124.9
Dec 2024120.0123.4
Nov 2024120.1121.5
Oct 2024126.5120.2
Sep 2024136.8119.6
Aug 2024136.2119.1
Jul 2024137.0119.1
Jun 2024135.5118.1
May 2024123.2117.4
Apr 2024121.8115.7
Mar 2024121.6114.9
Feb 2024118.1114.0
Jan 2024118.0113.3
Dec 2023116.0111.9
Nov 2023120.9110.9
Oct 2023101.1109.3
Sep 202397.0108.4
Aug 202397.1108.2
Jul 202395.0108.6
Jun 202393.8108.5
May 202382.7107.5
Apr 202388.0107.0
Mar 202382.9106.0
Feb 202391.6105.5
Jan 202387.5104.8
Dec 202287.5104.3
Nov 202290.3104.1
Oct 202293.9102.5
Sep 202291.1101.9
Aug 202291.9101.7
Jul 202285.8101.6
Jun 202280.8101.5
May 202281.1101.4
Apr 202277.8100.9
Mar 202276.4100.9
Feb 202281.2100.5
Jan 2022100.0100.0

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
January 2022March 2022−23.6%219
November 2023December 2023−4.0%13
July 2024January 2025−18.8%66
October 2025May 2026−6.1%71

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 São Jorge island

Next 12 months

Asking prices have an 80% chance of landing between €1,466/m² and €2,058/m² by September 2027.

Expected, September 2027
€1,762/m²
Chance of a rise
88%

Affordability

Figures for Portugal: São Jorge 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%

Buy or rent

Figures for Portugal: São Jorge 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

New homes

39.3% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
20
Per 1,000 residents
2.3

Foreign buyers

Figures for Portugal: São Jorge 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%

People and new homes

In 2025 the population grew by 75 while 23 homes were finished: 3.3 new residents for every new home.

New residents per new home, 2025
3.3
Population change, 2025
+75

Empty homes

14.9% of the 5,682 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
14.9%
Empty homes
845

Renovation

In 2025, 11% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
11%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €94.8K of housing works here in 2015, and €273.6K since 2012.

Signed in 2015
€94.8K
Per resident, 2015
€11

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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