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Odemira · report

Past price cycles in Odemira

Asking prices have fallen by 3% or more 6 times since 2015. The deepest began in April 2018.

Deepest fall
−15.9%
Recovery from the low
5 months

Prices in Odemira and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Odemira
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodOdemiraPortugal
Sep 2026253.0320.6
Aug 2026255.4318.5
Jul 2026244.4318.8
Jun 2026240.5318.9
May 2026238.1317.6
Apr 2026238.7317.6
Mar 2026236.5315.2
Feb 2026239.3311.9
Jan 2026241.5309.0
Dec 2025241.5305.9
Nov 2025236.7304.2
Oct 2025235.1300.2
Sep 2025233.8297.2
Aug 2025228.3296.2
Jul 2025231.7295.1
Jun 2025231.7291.8
May 2025232.2287.1
Apr 2025225.8284.7
Mar 2025230.9281.2
Feb 2025230.8277.6
Jan 2025232.8273.4
Dec 2024233.5270.1
Nov 2024231.4265.9
Oct 2024227.1263.2
Sep 2024226.0261.8
Aug 2024227.8260.8
Jul 2024225.9260.6
Jun 2024225.8258.4
May 2024229.5257.0
Apr 2024227.0253.3
Mar 2024222.9251.4
Feb 2024222.3249.5
Jan 2024220.3248.1
Dec 2023213.5245.0
Nov 2023214.5242.8
Oct 2023213.1239.1
Sep 2023214.6237.3
Aug 2023209.9236.8
Jul 2023210.1237.6
Jun 2023203.7237.4
May 2023200.2235.3
Apr 2023188.5234.3
Mar 2023186.3232.1
Feb 2023193.7230.9
Jan 2023195.3229.4
Dec 2022192.9228.3
Nov 2022184.8227.8
Oct 2022176.6224.3
Sep 2022174.7223.0
Aug 2022171.5222.6
Jul 2022168.3222.3
Jun 2022165.2222.2
May 2022151.1221.9
Apr 2022159.9220.8
Mar 2022158.9220.9
Feb 2022159.4219.9
Jan 2022150.6218.9
Dec 2021150.5218.7
Nov 2021149.9218.1
Oct 2021151.2216.8
Sep 2021151.5214.2
Aug 2021146.4213.3
Jul 2021141.4212.5
Jun 2021137.8210.6
May 2021139.2209.3
Apr 2021138.7208.2
Mar 2021136.8208.1
Feb 2021141.2207.4
Jan 2021140.9207.9
Dec 2020145.8206.7
Nov 2020144.2205.0
Oct 2020144.9202.4
Sep 2020146.7200.1
Aug 2020145.0199.0
Jul 2020132.6197.8
Jun 2020137.7198.8
May 2020142.8199.6
Apr 2020141.9200.6
Mar 2020146.4198.6
Feb 2020144.9197.3
Jan 2020147.6195.0
Dec 2019146.2196.3
Nov 2019142.4195.2
Oct 2019138.6194.7
Sep 2019134.7194.4
Aug 2019130.8194.6
Jul 2019126.9194.7
Jun 2019125.2191.8
May 2019115.3187.3
Apr 2019117.9183.2
Mar 2019121.1181.2
Feb 2019119.6178.9
Jan 2019127.3177.1
Dec 2018129.3176.6
Nov 2018129.0175.2
Oct 2018131.4173.1
Sep 2018132.3169.1
Aug 2018133.8165.9
Jul 2018131.5165.4
Jun 2018134.0161.8
May 2018135.8160.3
Apr 2018137.1156.9
Mar 2018131.3155.3
Feb 2018130.7154.6
Jan 2018132.1152.2
Dec 2017132.2152.6
Nov 2017130.9150.8
Oct 2017131.3148.7
Sep 2017129.6145.5
Aug 2017128.6143.5
Jul 2017128.2141.0
Jun 2017129.3139.1
May 2017130.7135.9
Apr 2017127.7135.7
Mar 2017126.2134.3
Feb 2017129.6132.1
Jan 2017125.2130.5
Dec 2016119.3129.4
Nov 2016118.9128.6
Oct 2016119.0126.0
Sep 2016118.1122.5
Aug 2016119.4119.3
Jul 2016119.2115.2
Jun 2016119.4115.1
May 2016127.4113.9
Apr 2016126.6113.2
Mar 2016124.4114.2
Feb 2016124.8113.9
Jan 2016123.0112.6
Dec 2015121.3110.6
Nov 2015115.1108.8
Oct 2015108.8108.2
Sep 2015109.5107.5
Aug 2015108.5106.6
Jul 2015107.2105.7
Jun 2015104.1106.1
May 2015101.5103.7
Apr 201599.9101.7
Mar 2015100.9101.0
Feb 2015101.3100.0
Jan 2015100.0100.0

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
May 2016September 2016−7.3%45
April 2018May 2019−15.9%135
January 2020July 2020−10.2%614
April 2022May 2022−5.5%11
January 2023March 2023−4.6%22
December 2024April 2025−3.3%45

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 Odemira

Next 12 months

Asking prices have an 80% chance of landing between €2,679/m² and €3,056/m² by September 2027.

Expected, September 2027
€2,867/m²
Chance of a rise
99%

Affordability

At the median sale price, a 90 m² home costs €162,000. With 10% down and a 30-year mortgage, the payment is €615 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
35%
Payment, one income
70%

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
€616
Owning per month
€568

Asking against valuation

Sellers ask 5.3% more than banks value homes at.

Gap today
+5.3%

New homes

28.7% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
30
Per 1,000 residents
0.7

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 9.8% more per m² than buyers living in Portugal.

Abroad against residents
+9.8%

People and new homes

In 2025 the population fell by 898 while 43 homes were finished.

Homes finished, 2025
43
Population change, 2025
−898

Empty homes

17.9% of the 22,129 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
17.9%
Empty homes
3,963

Renovation

In 2025, 14% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
14%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €158.8K of housing works here in 2024, and €691.2K since 2012.

Signed in 2024
€158.8K
Per resident, 2024
€4

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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