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Lamego · report

Past price cycles in Lamego

Asking prices have fallen by 3% or more 7 times since 2016. The deepest began in February 2017.

Deepest fall
−17.0%
Recovery from the low
9 months

Prices in Lamego and Portugal, indexed

Asking prices, both set to 100 in March 2016.

  • Lamego
  • Portugal
  • 100 = March 2016
Show the numbers
PeriodLamegoPortugal
Sep 2026189.8280.7
Aug 2026181.9278.9
Jul 2026176.6279.1
Jun 2026179.6279.2
May 2026179.7278.1
Apr 2026174.0278.1
Mar 2026170.9276.0
Feb 2026176.0273.1
Jan 2026175.5270.6
Dec 2025175.2267.8
Nov 2025170.0266.3
Oct 2025164.9262.9
Sep 2025159.9260.3
Aug 2025150.2259.4
Jul 2025147.8258.4
Jun 2025150.9255.5
May 2025149.5251.4
Apr 2025161.5249.3
Mar 2025157.7246.3
Feb 2025151.1243.0
Jan 2025155.7239.4
Dec 2024159.0236.5
Nov 2024159.0232.9
Oct 2024153.3230.4
Sep 2024147.5229.2
Aug 2024141.0228.3
Jul 2024143.5228.2
Jun 2024150.0226.3
May 2024150.5225.0
Apr 2024153.4221.8
Mar 2024152.2220.2
Feb 2024149.1218.4
Jan 2024150.9217.2
Dec 2023150.0214.5
Nov 2023150.5212.6
Oct 2023163.6209.4
Sep 2023156.0207.8
Aug 2023148.5207.4
Jul 2023140.9208.1
Jun 2023142.3207.9
May 2023139.8206.0
Apr 2023134.5205.1
Mar 2023131.1203.2
Feb 2023130.7202.2
Jan 2023126.6200.9
Dec 2022125.7199.9
Nov 2022124.6199.5
Oct 2022119.7196.4
Sep 2022126.6195.3
Aug 2022121.1195.0
Jul 2022123.7194.7
Jun 2022124.0194.6
May 2022120.1194.3
Apr 2022116.6193.3
Mar 2022117.5193.4
Feb 2022122.6192.5
Jan 2022122.6191.7
Dec 2021122.3191.5
Nov 2021124.0191.0
Oct 2021119.0189.8
Sep 2021117.5187.6
Aug 2021119.3186.8
Jul 2021120.0186.1
Jun 2021116.7184.4
May 2021112.1183.3
Apr 2021107.4182.3
Mar 2021104.5182.3
Feb 2021102.8181.7
Jan 2021103.4182.1
Dec 2020104.5181.0
Nov 2020102.9179.5
Oct 2020105.9177.2
Sep 2020102.6175.2
Aug 2020102.9174.3
Jul 2020105.0173.2
Jun 2020108.0174.1
May 2020111.3174.8
Apr 2020116.4175.7
Mar 2020117.8173.9
Feb 2020115.9172.8
Jan 2020113.2170.8
Dec 2019115.8171.9
Nov 2019116.1171.0
Oct 2019118.0170.5
Sep 2019121.7170.3
Aug 2019118.0170.4
Jul 2019114.1170.5
Jun 2019110.4167.9
May 2019106.8164.0
Apr 2019107.7160.4
Mar 2019104.0158.7
Feb 2019107.4156.7
Jan 2019105.7155.0
Dec 2018107.0154.6
Nov 2018104.8153.4
Oct 2018103.9151.6
Sep 2018102.3148.1
Aug 201897.5145.3
Jul 201899.5144.9
Jun 201898.3141.7
May 201891.8140.3
Apr 201892.9137.4
Mar 201890.9136.0
Feb 201888.7135.4
Jan 201885.9133.3
Dec 201790.9133.7
Nov 201794.3132.1
Oct 201786.5130.2
Sep 201788.4127.4
Aug 201790.2125.7
Jul 201792.0123.5
Jun 201794.7121.8
May 201797.1119.0
Apr 201795.8118.9
Mar 201797.1117.6
Feb 2017103.6115.7
Jan 201798.3114.3
Dec 2016100.3113.3
Nov 2016101.2112.6
Oct 201699.8110.3
Sep 201698.3107.3
Aug 201693.8104.4
Jul 201692.0100.9
Jun 201693.8100.8
May 201694.099.7
Apr 201695.599.1
Mar 2016100.0100.0

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
March 2016July 2016−8.0%44
February 2017January 2018−17.0%119
February 2019March 2019−3.2%11
September 2019September 2020−15.6%1214
November 2021April 2022−6.0%52
September 2022October 2022−5.5%13
October 2023August 2024−13.8%1014

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 Lamego

Next 12 months

Asking prices have an 80% chance of landing between €1,260/m² and €1,648/m² by September 2027.

Expected, September 2027
€1,454/m²
Chance of a rise
93%

Affordability

At the bank valuation, a 90 m² home costs €118,260. With 10% down and a 30-year mortgage, the payment is €449 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
20%
Payment, one income
40%

Buy or rent

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
€439
Owning per month
€318

Asking against valuation

Sellers ask 6.7% less than banks value homes at. A year ago the gap was −6.9%.

Gap today
−6.7%
Change in a year
+0.2 pp

New homes

25.8% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
56
Per 1,000 residents
2.3

Foreign buyers

Figures for Douro: Lamego has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 31.0% less per m² than buyers living in Portugal.

Abroad against residents
−31.0%

People and new homes

In 2025 the population fell by 44 while 56 homes were finished.

Homes finished, 2025
56
Population change, 2025
−44

Empty homes

12.9% of the 16,659 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.9%
Empty homes
2,146

Renovation

In 2025, 44% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
44%
Reconstructions per 100 new buildings
65.0

Public housing works

Public bodies signed €5.5M of housing works here in 2025, and €15.5M since 2012.

Signed in 2025
€5.5M
Per resident, 2025
€224

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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