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Monchique · report

Past price cycles in Monchique

Asking prices have fallen by 3% or more 6 times since 2017. The deepest began in May 2018.

Deepest fall
−16.2%
Recovery from the low
10 months

Prices in Monchique and Portugal, indexed

Asking prices, both set to 100 in September 2017.

  • Monchique
  • Portugal
  • 100 = September 2017
Show the numbers
PeriodMonchiquePortugal
Sep 2026229.3220.3
Aug 2026225.8218.9
Jul 2026228.5219.1
Jun 2026229.8219.2
May 2026224.5218.3
Apr 2026213.7218.3
Mar 2026212.2216.7
Feb 2026208.4214.4
Jan 2026207.9212.4
Dec 2025201.4210.2
Nov 2025194.7209.1
Oct 2025188.1206.3
Sep 2025181.5204.3
Aug 2025176.5203.6
Jul 2025171.5202.9
Jun 2025168.2200.5
May 2025160.7197.3
Apr 2025156.4195.7
Mar 2025160.2193.3
Feb 2025155.7190.8
Jan 2025155.1187.9
Dec 2024155.8185.7
Nov 2024155.7182.8
Oct 2024157.2180.9
Sep 2024162.1179.9
Aug 2024167.0179.2
Jul 2024176.7179.1
Jun 2024177.4177.6
May 2024179.3176.7
Apr 2024177.2174.1
Mar 2024178.3172.8
Feb 2024169.9171.5
Jan 2024168.3170.5
Dec 2023167.4168.4
Nov 2023167.1166.9
Oct 2023168.5164.4
Sep 2023174.1163.1
Aug 2023169.3162.8
Jul 2023166.8163.3
Jun 2023169.9163.2
May 2023165.4161.7
Apr 2023169.9161.0
Mar 2023172.0159.5
Feb 2023175.9158.7
Jan 2023177.7157.7
Dec 2022174.3156.9
Nov 2022175.7156.6
Oct 2022174.3154.2
Sep 2022173.2153.3
Aug 2022169.2153.0
Jul 2022169.6152.8
Jun 2022169.1152.8
May 2022161.7152.6
Apr 2022170.3151.7
Mar 2022167.9151.8
Feb 2022165.5151.1
Jan 2022159.5150.4
Dec 2021153.5150.3
Nov 2021147.5149.9
Oct 2021147.2149.0
Sep 2021146.9147.2
Aug 2021143.4146.6
Jul 2021140.3146.1
Jun 2021134.4144.8
May 2021138.9143.9
Apr 2021143.3143.1
Mar 2021148.7143.1
Feb 2021146.6142.6
Jan 2021144.4142.9
Dec 2020142.2142.0
Nov 2020141.5140.9
Oct 2020142.6139.1
Sep 2020139.0137.5
Aug 2020144.2136.8
Jul 2020149.9136.0
Jun 2020148.9136.7
May 2020149.7137.2
Apr 2020142.5137.9
Mar 2020135.4136.5
Feb 2020128.3135.6
Jan 2020121.2134.1
Dec 2019115.7134.9
Nov 2019115.2134.2
Oct 2019118.4133.9
Sep 2019116.1133.7
Aug 2019113.9133.8
Jul 2019109.0133.9
Jun 2019104.1131.8
May 2019107.6128.7
Apr 2019111.3125.9
Mar 2019107.4124.6
Feb 2019103.5123.0
Jan 201999.6121.7
Dec 201898.1121.4
Nov 201896.5120.4
Oct 2018100.5119.0
Sep 2018104.5116.2
Aug 2018104.5114.1
Jul 2018104.6113.7
Jun 2018109.9111.2
May 2018115.2110.2
Apr 2018110.8107.8
Mar 2018106.4106.8
Feb 2018102.0106.3
Jan 201898.9104.6
Dec 201797.7104.9
Nov 201796.9103.7
Oct 201795.1102.2
Sep 2017100.0100.0

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
September 2017October 2017−4.9%14
May 2018November 2018−16.2%610
July 2020June 2021−10.3%116
April 2022May 2022−5.1%14
January 2023May 2023−6.9%410
May 2024January 2025−13.5%88

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 Monchique

Next 12 months

Asking prices have an 80% chance of landing between €3,016/m² and €3,823/m² by September 2027.

Expected, September 2027
€3,419/m²
Chance of a rise
89%

Affordability

At the median sale price, a 90 m² home costs €146,520. With 10% down and a 30-year mortgage, the payment is €556 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
27%
Payment, one income
53%

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
€667
Owning per month
€514

New homes

13.9% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
3
Per 1,000 residents
0.5

Foreign buyers

Figures for Algarve: Monchique has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 25.0% more per m² than buyers living in Portugal.

Abroad against residents
+25.0%

People and new homes

In 2025 the population grew by 5 while 3 homes were finished: 1.7 new residents for every new home.

New residents per new home, 2025
1.7
Population change, 2025
+5

Empty homes

25.3% of the 4,677 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
25.3%
Empty homes
1,181

Renovation

In 2025, 57% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
57%
Reconstructions per 100 new buildings
33.3

Public housing works

Public bodies signed €682K of housing works here in 2015, and €682K since 2012.

Signed in 2015
€682K
Per resident, 2015
€122

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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