Foreign buyers in Santa Cruz

Asking prices have an 80% chance of landing between €2,951/m² and €3,699/m² by September 2027.

At the bank valuation, a 90 m² home costs €243,630. With 10% down and a 30-year mortgage, the payment is €924 a month. Banco de Portugal caps it at 50% of a household's net income.

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.

Sellers ask 13.2% more than banks value homes at. A year ago the gap was +31.1%.

96.3% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Bank valuations have fallen by 3% or more 6 times since 2014. The deepest began in July 2014.

In 2025 the population grew by 261 while 130 homes were finished: 2.0 new residents for every new home.

11.3% of the 20,373 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

In 2025, 27% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Public bodies signed €127K of housing works here in 2024, and €2.4M since 2012.