Terceira island · report
Empty homes in Terceira island
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
Against the wider area
Share of homes standing empty in the 2021 census.
| Area | Empty |
|---|---|
| Terceira island | 12.7% |
| Portugal | 12.1% |
Where homes stand empty in Terceira island
Share of homes standing empty at the 2021 census, emptiest first.
| Area | Empty |
|---|---|
| Vila da Praia da Vitória | 14.6% |
| Angra do Heroísmo | 11.5% |
The census counts a home as empty when nobody lives in it usually or seasonally: for sale, to let, awaiting demolition or repair, or for other reasons. Second homes are counted apart and are not included. The next census is in 2031.
Other reports for Terceira island
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%
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%
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
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
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%
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
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
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 bodies signed €14.2M of housing works here in 2025, and €41.4M since 2012.
- Signed in 2025
- €14.2M
- Per resident, 2025
- €260
Selling homes in Portugal? Keep the whole sale in one place.
Imofolio is the CRM for estate agents and agencies: properties, buyers, viewings, proposals and your own website, from the first enquiry to the closing.
