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Terceira island · report

New homes in Terceira island

8.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
71
Per 1,000 residents
1.3

Homes licensed for construction in Terceira island

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

  • Terceira island
  • Ten-year average
Show the numbers
PeriodTerceira island
Aug 202671
Jul 202671
Jun 202688
May 202681
Apr 202680
Mar 202683
Feb 202684
Jan 202685
Dec 202589
Nov 202582
Oct 202587
Sep 202588
Aug 202586
Jul 202592
Jun 202578
May 202579
Apr 202577
Mar 202577
Feb 202571
Jan 202576
Dec 202468
Nov 202468
Oct 202458
Sep 202458
Aug 202456
Jul 202454
Jun 202451
May 202454
Apr 202454
Mar 202454
Feb 202457
Jan 202458
Dec 202362
Nov 202364
Oct 202370
Sep 202381
Aug 202381
Jul 202379
Jun 202379
May 202374
Apr 202371
Mar 202366
Feb 202375
Jan 202379
Dec 202278
Nov 202281
Oct 202279
Sep 202267
Aug 202271
Jul 202272
Jun 202271
May 202275
Apr 202281
Mar 202287
Feb 202275
Jan 202266
Dec 202171
Nov 202176
Oct 202175
Jul 202186
Apr 202183
Jan 202185
Oct 202088
Sep 202088
Aug 202093
Jul 202078
Jun 202087
May 202087
Apr 202081
Mar 202089
Feb 202083
Jan 202086
Dec 201982
Nov 201972
Oct 201968
Sep 201965
Aug 201961
Jul 201964
Jun 201956
May 201963
Apr 201956
Mar 201948
Feb 201956
Jan 201949
Dec 201848
Nov 201851
Oct 201853
Sep 201851
Aug 201860
Jul 201855
Jun 201856
May 201856
Apr 201851
Mar 201851
Feb 201849
Jan 201845
Dec 201744
Nov 201738
Oct 201737
Sep 201737
Aug 201729
Jul 201732
Jun 201733
May 201726
Apr 201732
Mar 201740
Feb 201729
Jan 201734
Dec 201632
Nov 201632
Oct 201635
Sep 201636
Aug 201632
Jul 201634
Jun 201635
May 201631
Apr 201630
Mar 201626
Feb 201629
Jan 201636
Dec 201538
Nov 201536
Oct 201534
Sep 201530
Aug 201534
Jul 201533
Jun 201533
May 201535
Apr 201534
Mar 201533
Feb 201531
Jan 201528
Dec 201428
Nov 201433
Oct 201437
Sep 201435
Aug 201441
Jul 201437
Jun 201433
May 201440
Apr 201439
Mar 201434
Feb 201446
Jan 201448
Dec 201343
Nov 201348
Oct 201344
Sep 201349
Aug 201353
Jul 201359
Jun 201355
May 201357
Apr 201369
Mar 201368
Feb 201367
Jan 201365
Dec 201266
Nov 201267
Oct 201266
Sep 2012165
Aug 2012164
Jul 2012161
Jun 2012162
May 2012164
Apr 2012155
Mar 2012155
Feb 2012162
Jan 2012162
Dec 2011164
Nov 2011172
Oct 2011176
Sep 201168
Aug 201162

Homes finished and licensed each year in Terceira 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
20255389
20246268
20236762
20225378
20215371
20204388
20193382
20183452
20172341
20163232
20153238
20143128
201318448
20128066
2011146164
Homes finished per 1,000 residents, 2025
1.0

Who built the homes finished in Terceira 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
20257.5%92.5%0.0%0.0%53
202416.1%83.9%0.0%0.0%62
202319.4%80.6%0.0%0.0%67
20229.4%90.6%0.0%0.0%53
20213.8%96.2%0.0%0.0%53
20207.0%93.0%0.0%0.0%43
20199.1%90.9%0.0%0.0%33
20182.9%97.1%0.0%0.0%34
20170.0%100.0%0.0%0.0%23
20163.1%96.9%0.0%0.0%32
20156.3%93.8%0.0%0.0%32
20143.2%96.8%0.0%0.0%31
201372.8%26.1%0.0%1.1%184
20126.3%88.8%5.0%0.0%80
201113.7%86.3%0.0%0.0%146

Homes finished in Terceira 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
20259.4%18.9%66.0%5.7%53
202412.9%32.3%45.2%9.7%62
202314.9%25.4%53.7%6.0%67
20227.5%26.4%58.5%7.5%53
20215.7%13.2%62.3%18.9%53
202011.6%32.6%48.8%7.0%43
20190.0%9.1%84.8%6.1%33
20180.0%23.5%64.7%11.8%34
20170.0%26.1%60.9%13.0%23
20163.1%21.9%71.9%3.1%32
20159.4%34.4%46.9%9.4%32
20140.0%29.0%54.8%16.1%31
20139.8%47.3%39.1%3.8%184
20122.5%16.3%66.3%15.0%80
20114.1%24.0%61.6%10.3%146

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 Terceira island

Next 12 months

Asking prices have an 80% chance of landing between €1,933/m² and €2,342/m² by September 2027.

Expected, September 2027
€2,137/m²
Chance of a rise
96%

Affordability

Figures for Portugal: Terceira 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: Terceira 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: Terceira 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 4 times since 2015. The deepest began in April 2016.

Deepest fall
−17.6%
Recovery from the low
37 months

People and new homes

In 2025 the population grew by 78 while 53 homes were finished: 1.5 new residents for every new home.

New residents per new home, 2025
1.5
Population change, 2025
+78

Empty homes

12.7% of the 25,326 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.7%
Empty homes
3,220

Renovation

In 2025, 20% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
20%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €14.2M of housing works here in 2025, and €41.4M since 2012.

Signed in 2025
€14.2M
Per resident, 2025
€260

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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