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Portalegre · report

Past price cycles in Portalegre

Asking prices have fallen by 3% or more 4 times since 2015. The deepest began in March 2019.

Deepest fall
−32.8%
Recovery from the low
38 months

Prices in Portalegre and Portugal, indexed

Asking prices, both set to 100 in July 2015.

  • Portalegre
  • Portugal
  • 100 = July 2015
Show the numbers
PeriodPortalegrePortugal
Sep 2026153.9303.4
Aug 2026163.0301.4
Jul 2026161.0301.7
Jun 2026160.4301.8
May 2026148.4300.6
Apr 2026135.3300.6
Mar 2026137.8298.3
Feb 2026139.9295.2
Jan 2026139.5292.5
Dec 2025138.1289.5
Nov 2025139.8287.9
Oct 2025139.1284.1
Sep 2025136.9281.3
Aug 2025139.0280.4
Jul 2025134.3279.3
Jun 2025126.8276.1
May 2025119.8271.7
Apr 2025118.0269.5
Mar 2025118.9266.2
Feb 2025120.5262.7
Jan 2025119.7258.7
Dec 2024117.7255.6
Nov 2024116.8251.7
Oct 2024113.6249.1
Sep 2024115.4247.7
Aug 2024112.9246.8
Jul 2024105.1246.6
Jun 2024106.7244.5
May 2024105.2243.2
Apr 2024107.7239.8
Mar 2024109.1238.0
Feb 2024111.0236.1
Jan 2024110.6234.8
Dec 2023105.5231.9
Nov 2023104.7229.8
Oct 2023101.7226.3
Sep 202395.1224.6
Aug 202395.1224.2
Jul 202394.9224.9
Jun 202395.3224.7
May 202391.7222.7
Apr 202392.4221.7
Mar 202394.2219.6
Feb 202394.0218.5
Jan 202391.6217.1
Dec 202290.0216.1
Nov 202292.5215.6
Oct 202290.0212.3
Sep 202288.3211.1
Aug 202288.7210.7
Jul 202287.3210.4
Jun 202284.8210.3
May 202281.2210.1
Apr 202282.4208.9
Mar 202283.5209.0
Feb 202286.4208.1
Jan 202287.0207.1
Dec 202186.4207.0
Nov 202184.3206.4
Oct 202178.0205.2
Sep 202178.0202.7
Aug 202176.2201.9
Jul 202176.0201.1
Jun 202177.3199.3
May 202177.4198.1
Apr 202181.4197.1
Mar 202180.1197.0
Feb 202180.2196.3
Jan 202181.0196.8
Dec 202081.5195.6
Nov 202082.0194.0
Oct 202085.3191.5
Sep 202087.5189.4
Aug 202086.6188.3
Jul 202086.9187.2
Jun 202087.7188.2
May 202091.6188.9
Apr 202092.8189.8
Mar 202091.7188.0
Feb 202091.7186.7
Jan 202090.3184.6
Dec 201991.7185.8
Nov 201993.7184.8
Oct 201994.0184.3
Sep 2019105.0184.0
Aug 2019109.6184.2
Jul 2019110.5184.3
Jun 2019105.6181.5
May 2019105.9177.3
Apr 2019109.2173.4
Mar 2019113.1171.5
Feb 2019112.7169.4
Jan 2019112.5167.6
Dec 201899.9167.1
Nov 201899.9165.8
Oct 201893.4163.8
Sep 201895.4160.1
Aug 201894.1157.0
Jul 201894.1156.6
Jun 201897.1153.1
May 2018100.3151.7
Apr 201899.9148.5
Mar 201897.6147.0
Feb 201895.8146.3
Jan 201896.5144.1
Dec 201796.2144.5
Nov 201796.3142.8
Oct 201793.3140.7
Sep 201799.7137.7
Aug 201795.4135.8
Jul 201796.2133.5
Jun 201789.8131.7
May 201791.5128.7
Apr 201788.7128.5
Mar 201789.5127.1
Feb 201789.5125.0
Jan 201791.5123.5
Dec 201692.5122.5
Nov 201692.0121.7
Oct 201692.0119.3
Sep 201692.3116.0
Aug 201691.1112.9
Jul 201692.5109.0
Jun 201693.0108.9
May 201691.5107.8
Apr 201695.7107.1
Mar 201690.8108.1
Feb 201695.8107.8
Jan 201694.8106.6
Dec 201596.3104.7
Nov 201594.9103.0
Oct 201598.6102.4
Sep 2015100.1101.8
Aug 2015100.4100.8
Jul 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
August 2015April 2017−11.6%2021
March 2019July 2021−32.8%2838
February 2026April 2026−3.3%21
August 2026September 2026−5.6%1Not yet

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 Portalegre

Next 12 months

Asking prices have an 80% chance of landing between €1,201/m² and €1,662/m² by September 2027.

Expected, September 2027
€1,432/m²
Chance of a rise
92%

Affordability

At the bank valuation, a 90 m² home costs €106,740. With 10% down and a 30-year mortgage, the payment is €405 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
15%
Payment, one income
31%

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
€446
Owning per month
€350

Asking against valuation

Sellers ask 1.1% less than banks value homes at. A year ago the gap was +2.9%.

Gap today
−1.1%
Change in a year
−4.0 pp

New homes

4.3% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
29
Per 1,000 residents
1.2

Foreign buyers

Figures for Alto Alentejo: Portalegre has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 24.0% more per m² than buyers living in Portugal.

Abroad against residents
+24.0%

People and new homes

In 2025 the population fell by 65 while 118 homes were finished.

Homes finished, 2025
118
Population change, 2025
−65

Empty homes

17.4% of the 14,649 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
17.4%
Empty homes
2,552

Renovation

In 2025, 42% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
42%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €892.1K of housing works here in 2025, and €12.3M since 2012.

Signed in 2025
€892.1K
Per resident, 2025
€37

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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