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Penafiel · report

New homes in Penafiel

43.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
303
Per 1,000 residents
4.2

Homes licensed for construction in Penafiel

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

  • Penafiel
  • Ten-year average
Show the numbers
PeriodPenafiel
Aug 2026303
Jul 2026312
Jun 2026304
May 2026304
Apr 2026298
Mar 2026299
Feb 2026321
Jan 2026323
Dec 2025317
Nov 2025329
Oct 2025336
Sep 2025323
Aug 2025338
Jul 2025351
Jun 2025353
May 2025402
Apr 2025376
Mar 2025358
Feb 2025329
Jan 2025325
Dec 2024332
Nov 2024336
Oct 2024339
Sep 2024330
Aug 2024339
Jul 2024314
Jun 2024276
May 2024231
Apr 2024221
Mar 2024235
Feb 2024202
Jan 2024203
Dec 2023192
Nov 2023171
Oct 2023166
Sep 2023164
Aug 2023133
Jul 2023159
Jun 2023155
May 2023176
Apr 2023169
Mar 2023170
Feb 2023173
Jan 2023168
Dec 2022174
Nov 2022184
Oct 2022184
Sep 2022177
Aug 2022175
Jul 2022157
Jun 2022149
May 2022136
Apr 2022139
Mar 2022142
Feb 2022135
Jan 2022160
Dec 2021187
Nov 2021192
Oct 2021212
Jul 2021257
Apr 2021286
Jan 2021283
Oct 2020313
Sep 2020305
Aug 2020294
Jul 2020282
Jun 2020278
May 2020275
Apr 2020247
Mar 2020236
Feb 2020254
Jan 2020247
Dec 2019265
Nov 2019249
Oct 2019230
Sep 2019228
Aug 2019225
Jul 2019213
Jun 2019231
May 2019230
Apr 2019225
Mar 2019217
Feb 2019197
Jan 2019195
Dec 2018121
Nov 2018117
Oct 2018126
Sep 2018127
Aug 2018127
Jul 2018127
Jun 2018108
May 2018104
Apr 2018117
Mar 2018109
Feb 2018106
Jan 201899
Dec 2017103
Nov 2017100
Oct 201795
Sep 201795
Aug 201793
Jul 201798
Jun 201789
May 201793
Apr 201788
Mar 201795
Feb 2017100
Jan 2017104
Dec 201699
Nov 2016105
Oct 2016102
Sep 2016100
Aug 201696
Jul 201691
Jun 201695
May 2016100
Apr 2016105
Mar 201698
Feb 201692
Jan 201692
Dec 201593
Nov 201586
Oct 201586
Sep 201583
Aug 201583
Jul 201590
Jun 201590
May 201580
Apr 201568
Mar 201569
Feb 201569
Jan 201567
Dec 201470
Nov 201473
Oct 201470
Sep 201475
Aug 201480
Jul 201476
Jun 201476
May 201476
Apr 201477
Mar 201478
Feb 201479
Jan 201487
Dec 201386
Nov 201382
Oct 201391
Sep 201389
Aug 201390
Jul 201387
Jun 201391
May 2013101
Apr 2013108
Mar 2013104
Feb 2013102
Jan 201394
Dec 201294
Nov 2012105
Oct 2012111
Sep 2012118
Aug 2012131
Jul 2012139
Jun 2012142
May 2012141
Apr 2012139
Mar 2012143
Feb 2012148
Jan 2012163
Dec 2011167
Nov 2011160
Oct 2011156
Sep 2011143
Aug 2011121

Homes finished and licensed each year in Penafiel

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
2025286317
2024144332
2023192192
2022205174
2021190187
2020204306
201986265
201892121
201777103
201610299
20157193
201413070
201315586
201220994
2011303167
Homes finished per 1,000 residents, 2025
4.0

Who built the homes finished in Penafiel

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
202565.7%34.3%0.0%0.0%286
202425.7%74.3%0.0%0.0%144
202322.9%77.1%0.0%0.0%192
202236.1%63.9%0.0%0.0%205
202152.6%46.8%0.0%0.5%190
202053.4%46.6%0.0%0.0%204
201920.9%79.1%0.0%0.0%86
201826.1%73.9%0.0%0.0%92
201724.7%75.3%0.0%0.0%77
201629.4%70.6%0.0%0.0%102
20157.0%93.0%0.0%0.0%71
201420.0%80.0%0.0%0.0%130
201320.6%79.4%0.0%0.0%155
201221.5%77.5%0.0%1.0%209
201118.5%81.2%0.0%0.3%303

Homes finished in Penafiel, 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
20252.4%16.8%75.2%5.6%286
20243.5%13.9%70.1%12.5%144
20231.6%15.1%72.9%10.4%192
20221.5%9.8%81.0%7.8%205
20210.5%14.7%78.9%5.8%190
20202.0%26.5%65.7%5.9%204
20190.0%16.3%76.7%7.0%86
20182.2%18.5%72.8%6.5%92
20170.0%7.8%83.1%9.1%77
20163.9%9.8%78.4%7.8%102
20150.0%9.9%77.5%12.7%71
20145.4%9.2%71.5%13.8%130
20131.9%11.6%68.4%18.1%155
20123.3%9.6%72.2%14.8%209
20114.0%12.9%73.3%9.9%303

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 Penafiel

Next 12 months

Asking prices have an 80% chance of landing between €1,858/m² and €2,275/m² by September 2027.

Expected, September 2027
€2,066/m²
Chance of a rise
92%

Affordability

At the bank valuation, a 90 m² home costs €140,760. With 10% down and a 30-year mortgage, the payment is €534 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
24%
Payment, one income
47%

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
€517
Owning per month
€480

Asking against valuation

Sellers ask 17.6% more than banks value homes at. A year ago the gap was +5.8%.

Gap today
+17.6%
Change in a year
+11.8 pp

Foreign buyers

Figures for Tâmega e Sousa: Penafiel has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 17.8% less per m² than buyers living in Portugal.

Abroad against residents
−17.8%

Past cycles

Bank valuations have fallen by 3% or more 9 times since 2014. The deepest began in July 2014.

Deepest fall
−21.9%
Recovery from the low
29 months

People and new homes

In 2025 the population grew by 448 while 286 homes were finished: 1.6 new residents for every new home.

New residents per new home, 2025
1.6
Population change, 2025
+448

Empty homes

11.5% of the 31,864 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
11.5%
Empty homes
3,660

Renovation

In 2025, 31% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
31%
Reconstructions per 100 new buildings
5.9

Public housing works

Public bodies signed €2.1M of housing works here in 2025, and €6.2M since 2012.

Signed in 2025
€2.1M
Per resident, 2025
€29

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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