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Pico island · report

New homes in Pico island

14.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
75
Per 1,000 residents
5.0

Homes licensed for construction in Pico island

Dwellings in new buildings licensed over the previous 12 months, at each month.

  • Pico island
  • Ten-year average
Show the numbers
PeriodPico island
Aug 202675
Jul 202670
Jun 202675
May 202671
Apr 202662
Mar 202674
Feb 202669
Jan 202670
Dec 202571
Nov 202576
Oct 202576
Sep 202570
Aug 202590
Jul 202594
Jun 202584
May 202591
Apr 202597
Mar 202577
Feb 202575
Jan 202583
Dec 202472
Nov 202474
Oct 202478
Sep 202482
Aug 202470
Jul 202477
Jun 202466
May 202474
Apr 202476
Mar 202480
Feb 202490
Jan 202489
Dec 202385
Nov 202386
Oct 202377
Sep 202366
Aug 202371
Jul 202364
Jun 202369
May 202366
Apr 202361
Mar 202347
Feb 202359
Jan 202353
Dec 202245
Nov 202253
Oct 202259
Sep 202256
Aug 202267
Jul 202279
Jun 202270
May 202275
Apr 202275
Mar 202276
Feb 202277
Jan 202282
Dec 202190
Nov 202193
Oct 202195
Jul 202181
Apr 202189
Jan 202174
Oct 202053
Sep 202063
Aug 202049
Jul 202052
Jun 202067
May 202064
Apr 202055
Mar 202058
Feb 202063
Jan 202053
Dec 201965
Nov 201974
Oct 201956
Sep 201968
Aug 201972
Jul 201952
Jun 201959
May 201955
Apr 201946
Mar 201957
Feb 201948
Jan 201947
Dec 201854
Nov 201851
Oct 201862
Sep 201860
Aug 201848
Jul 201859
Jun 201850
May 201857
Apr 201860
Mar 201861
Feb 201865
Jan 201858
Dec 201762
Nov 201754
Oct 201742
Sep 201751
Aug 201750
Jul 201745
Jun 201751
May 201742
Apr 201735
Mar 201743
Feb 201742
Jan 201739
Dec 201648
Nov 201643
Oct 201645
Sep 201653
Aug 201665
Jul 201654
Jun 201667
May 201673
Apr 201652
Mar 201660
Feb 201664
Jan 201651
Dec 201554
Nov 201556
Oct 201542
Sep 201541
Aug 201534
Jul 201523
Jun 201524
May 201523
Apr 201524
Mar 201531
Feb 201524
Jan 201520
Dec 201421
Nov 201421
Oct 201421
Sep 201425
Aug 201419
Jul 201424
Jun 201426
May 201420
Apr 201429
Mar 201423
Feb 201424
Jan 201431
Dec 201331
Nov 201329
Oct 201330
Sep 201326
Aug 201329
Jul 201326
Jun 201331
May 201330
Apr 201328
Mar 201339
Feb 201327
Jan 201337
Dec 201243
Nov 201226
Oct 201243
Sep 201247
Aug 201230
Jul 201268
Jun 201266
May 201244
Apr 201264
Mar 201254
Feb 201247
Jan 201252
Dec 201152
Nov 201149
Oct 201156
Sep 201153
Aug 201148

Homes finished and licensed each year in Pico island

Homes completed in new buildings (columns) against homes licensed for construction (line), each year since 2011. INE.

  • Homes finished
  • Homes licensed
Show the numbers
YearHomes finishedHomes licensed
20255071
20244775
20235589
20224550
20213190
20204962
20194562
20183450
20173961
20164341
20152056
20142021
20133632
20124136
20114451
Homes finished per 1,000 residents, 2025
3.3

Who built the homes finished in Pico island

Who built the homes completed each year, as a share of that year. INE, since 2011.

  • Cooperatives and others
  • Public bodies
  • Private individuals
  • Companies
Show the numbers
YearCompaniesPrivate individualsPublic bodiesCooperatives and othersTotal
202514.0%86.0%0.0%0.0%50
202410.6%89.4%0.0%0.0%47
20237.3%90.9%0.0%1.8%55
20226.7%93.3%0.0%0.0%45
20216.5%93.5%0.0%0.0%31
202028.6%71.4%0.0%0.0%49
201920.0%80.0%0.0%0.0%45
20182.9%97.1%0.0%0.0%34
201717.9%82.1%0.0%0.0%39
201632.6%67.4%0.0%0.0%43
20155.0%95.0%0.0%0.0%20
20145.0%95.0%0.0%0.0%20
20138.3%91.7%0.0%0.0%36
20129.8%90.2%0.0%0.0%41
20110.0%100.0%0.0%0.0%44

Homes finished in Pico island, by number of bedrooms

Homes completed in new buildings by number of bedrooms, as a share of each year. INE.

  • Four or more
  • Three bedrooms
  • Two bedrooms
  • Studio or one bedroom
Show the numbers
YearStudio or one bedroomTwo bedroomsThree bedroomsFour or moreTotal
202530.0%50.0%18.0%2.0%50
202442.6%34.0%19.1%4.3%47
202327.3%41.8%29.1%1.8%55
202220.0%44.4%33.3%2.2%45
20216.5%67.7%22.6%3.2%31
202020.4%46.9%32.7%0.0%49
201922.2%44.4%28.9%4.4%45
20188.8%38.2%44.1%8.8%34
201720.5%56.4%17.9%5.1%39
201646.5%37.2%11.6%4.7%43
201525.0%35.0%35.0%5.0%20
201435.0%30.0%20.0%15.0%20
201316.7%41.7%33.3%8.3%36
201217.1%34.1%34.1%14.6%41
201118.2%31.8%34.1%15.9%44

A licence is permission to build, not a finished home: most are completed one to three years later, and some never are. INE publishes licensing three months at a time, so four windows make a year.

Other reports for Pico island

Next 12 months

Asking prices have an 80% chance of landing between €1,785/m² and €2,279/m² by September 2027.

Expected, September 2027
€2,032/m²
Chance of a rise
92%

Affordability

Figures for Portugal: Pico 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: Pico 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

Foreign buyers

Figures for Portugal: Pico 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%

Past cycles

Asking prices have fallen by 3% or more 7 times since 2017. The deepest began in April 2017.

Deepest fall
−29.8%
Recovery from the low
15 months

People and new homes

In 2025 the population grew by 215 while 50 homes were finished: 4.3 new residents for every new home.

New residents per new home, 2025
4.3
Population change, 2025
+215

Empty homes

11.8% of the 9,156 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
11.8%
Empty homes
1,084

Renovation

In 2025, 24% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
24%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €80K of housing works here in 2022, and €237.4K since 2012.

Signed in 2022
€80K
Per resident, 2022
€6

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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