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Pinhel · report

Buy or rent in Pinhel

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
€265
Owning per month
€134

Try your own numbers

Starting from INE's median sale price of €425/m² and median new-lease rent of 2.9 €/m² a month in Pinhel, and a mortgage rate of 3.0%.

Assumptions
90
3
1
IMI, insurance, maintenance and condominium.
3
What the deposit and purchase costs could earn if invested instead.
7
IMT, stamp duty, registration and fees, paid once.

Owning costs less each month than renting.

Rent a month
€265
Owning a month, not recovered
€134
Interest
€86
Running costs
€32
Return given up
€16
Cash out a month, if buying
€177

Gross rental yield in Pinhel

A year's rent as a share of the sale price, from INE's medians. Higher means rent is dear compared with buying.

Show the numbers
PeriodPinhel
Q2 20268.3%
Q1 20268.6%
Q4 20258.0%
Q3 20259.1%
Q2 20259.9%
Q1 20258.7%
Q4 20249.3%
Q3 20248.7%
Q2 20248.8%
Q1 20249.7%
Q4 20239.8%
Q3 202311.7%
Q2 202311.4%
Q1 202313.0%
Q4 202210.2%
Q3 20229.1%
Q2 20228.4%
Q1 20228.7%
Q4 20218.6%
Q3 20219.9%
Q2 20219.1%
Q1 20217.0%
Q4 20207.8%
Q3 20207.6%
Q2 202010.2%
Q1 202010.9%

The comparison counts only the costs of owning you never get back: interest, running costs and what the deposit and purchase costs could earn elsewhere. Loan repayments build equity, so they are left out. So is any rise in the home's value, because nobody knows it in advance.

Other reports for Pinhel

Asking prices have an 80% chance of landing between €477/m² and €623/m² by September 2027.

Expected, September 2027
€550/m²
Chance of a rise
95%

At the median sale price, a 90 m² home costs €38,250. With 10% down and a 30-year mortgage, the payment is €145 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
7%
Payment, one income
13%

44.3% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
19
Per 1,000 residents
2.4

Figures for Beiras e Serra da Estrela: Pinhel has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 23.0% less per m² than buyers living in Portugal.

Abroad against residents
−23.0%

Asking prices have fallen by 3% or more 4 times since 2023. The deepest began in November 2024.

Deepest fall
−19.3%
Recovery from the low
Not yet

In 2025 the population grew by 20 while 11 homes were finished: 1.8 new residents for every new home.

New residents per new home, 2025
1.8
Population change, 2025
+20

20.5% of the 8,098 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
20.5%
Empty homes
1,664

In 2025, 0% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
0%
Reconstructions per 100 new buildings
0.0

Public bodies signed €1M of housing works here in 2025, and €2M since 2012.

Signed in 2025
€1M
Per resident, 2025
€129

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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