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Palmela · report

New homes in Palmela

17.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
251
Per 1,000 residents
3.3

Homes licensed for construction in Palmela

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

  • Palmela
  • Ten-year average
Show the numbers
PeriodPalmela
Aug 2026251
Jul 2026232
Jun 2026233
May 2026213
Apr 2026209
Mar 2026230
Feb 2026218
Jan 2026213
Dec 2025213
Nov 2025234
Oct 2025242
Sep 2025246
Aug 2025283
Jul 2025285
Jun 2025280
May 2025314
Apr 2025321
Mar 2025314
Feb 2025304
Jan 2025296
Dec 2024314
Nov 2024287
Oct 2024315
Sep 2024287
Aug 2024245
Jul 2024255
Jun 2024245
May 2024216
Apr 2024204
Mar 2024216
Feb 2024223
Jan 2024251
Dec 2023262
Nov 2023283
Oct 2023257
Sep 2023292
Aug 2023294
Jul 2023279
Jun 2023327
May 2023334
Apr 2023369
Mar 2023360
Feb 2023368
Jan 2023363
Dec 2022353
Nov 2022342
Oct 2022336
Sep 2022303
Aug 2022322
Jul 2022334
Jun 2022277
May 2022269
Apr 2022243
Mar 2022252
Feb 2022236
Jan 2022228
Dec 2021207
Nov 2021203
Oct 2021201
Jul 2021156
Apr 2021166
Jan 2021143
Oct 2020169
Sep 2020182
Aug 2020182
Jul 2020179
Jun 2020170
May 2020184
Apr 2020187
Mar 2020193
Feb 2020198
Jan 2020187
Dec 2019185
Nov 2019190
Oct 2019165
Sep 2019148
Aug 2019211
Jul 2019210
Jun 2019203
May 2019172
Apr 2019172
Mar 2019183
Feb 2019192
Jan 2019179
Dec 2018169
Nov 2018165
Oct 2018171
Sep 2018177
Aug 2018114
Jul 2018116
Jun 2018115
May 2018115
Apr 2018116
Mar 2018120
Feb 2018135
Jan 2018133
Dec 2017133
Nov 2017133
Oct 2017128
Sep 2017121
Aug 2017123
Jul 2017120
Jun 2017129
May 2017130
Apr 2017124
Mar 2017107
Feb 201777
Jan 201769
Dec 201665
Nov 201663
Oct 201661
Sep 201659
Aug 201654
Jul 201659
Jun 201647
May 201640
Apr 201642
Mar 201636
Feb 201634
Jan 201635
Dec 201534
Nov 201535
Oct 201533
Sep 201531
Aug 201532
Jul 201529
Jun 201536
May 201537
Apr 201535
Mar 201536
Feb 201536
Jan 201535
Dec 201437
Nov 201437
Oct 201439
Sep 201438
Aug 201437
Jul 201437
Jun 201430
May 201429
Apr 201435
Mar 201440
Feb 201441
Jan 201442
Dec 201344
Nov 201344
Oct 201345
Sep 201353
Aug 201353
Jul 201355
Jun 201365
May 201369
Apr 201363
Mar 201364
Feb 201373
Jan 201374
Dec 201273
Nov 201282
Oct 201282
Sep 201279
Aug 201280
Jul 201281
Jun 201274
May 201275
Apr 201277
Mar 201278
Feb 201270
Jan 201275
Dec 201185
Nov 201174
Oct 201184
Sep 201175
Aug 201172

Homes finished and licensed each year in Palmela

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
2025283213
2024250314
2023205262
2022208353
2021149207
2020109152
2019103185
201895169
201750133
20164765
20152634
20145037
20135644
201216873
201116885
Homes finished per 1,000 residents, 2025
3.7

Who built the homes finished in Palmela

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
202569.3%30.7%0.0%0.0%283
202465.2%34.8%0.0%0.0%250
202345.9%54.1%0.0%0.0%205
202277.4%22.6%0.0%0.0%208
202162.4%37.6%0.0%0.0%149
202035.8%64.2%0.0%0.0%109
201951.5%48.5%0.0%0.0%103
201867.4%32.6%0.0%0.0%95
201730.0%68.0%2.0%0.0%50
201646.8%53.2%0.0%0.0%47
201534.6%65.4%0.0%0.0%26
201446.0%54.0%0.0%0.0%50
201317.9%80.4%1.8%0.0%56
201254.2%45.8%0.0%0.0%168
201159.5%39.3%1.2%0.0%168

Homes finished in Palmela, 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
20254.6%21.2%53.7%20.5%283
20246.4%28.0%52.8%12.8%250
20233.9%16.6%63.9%15.6%205
20223.4%22.6%61.1%13.0%208
20213.4%18.8%55.7%22.1%149
20200.9%20.2%58.7%20.2%109
20190.0%10.7%62.1%27.2%103
20185.3%33.7%37.9%23.2%95
20170.0%14.0%60.0%26.0%50
20168.5%48.9%31.9%10.6%47
20150.0%23.1%46.2%30.8%26
20144.0%30.0%46.0%20.0%50
20135.4%32.1%35.7%26.8%56
20122.4%14.9%60.7%22.0%168
20111.2%8.9%67.9%22.0%168

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 Palmela

Next 12 months

Asking prices have an 80% chance of landing between €2,777/m² and €3,284/m² by September 2027.

Expected, September 2027
€3,030/m²
Chance of a rise
82%

Affordability

At the bank valuation, a 90 m² home costs €226,980. With 10% down and a 30-year mortgage, the payment is €861 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
32%
Payment, one income
63%

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
€895
Owning per month
€796

Asking against valuation

Sellers ask 12.8% more than banks value homes at. A year ago the gap was +21.1%.

Gap today
+12.8%
Change in a year
−8.2 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 7.6% more per m² than buyers living in Portugal.

Abroad against residents
+7.6%

Past cycles

Bank valuations have fallen by 3% or more 3 times since 2011. The deepest began in May 2011.

Deepest fall
−27.8%
Recovery from the low
63 months

People and new homes

In 2025 the population grew by 1,718 while 283 homes were finished: 6.1 new residents for every new home.

New residents per new home, 2025
6.1
Population change, 2025
+1,718

Empty homes

10.9% of the 34,651 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.9%
Empty homes
3,766

Renovation

In 2025, 3% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
3%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €4.2M of housing works here in 2025, and €7.1M since 2012.

Signed in 2025
€4.2M
Per resident, 2025
€55

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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