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Santo Tirso · report

Past price cycles in Santo Tirso

Bank valuations have fallen by 3% or more 10 times since 2015. The deepest began in January 2023.

Deepest fall
−13.2%
Recovery from the low
14 months

Prices in Santo Tirso and Portugal, indexed

Bank valuations, both set to 100 in February 2015.

  • Santo Tirso
  • Portugal
  • 100 = February 2015
Show the numbers
PeriodSanto TirsoPortugal
Sep 2026307.4301.3
Aug 2026298.8298.1
Jul 2026293.6296.3
Jun 2026276.9294.7
May 2026273.8292.1
Apr 2026274.8287.6
Mar 2026278.9284.5
Feb 2026273.8280.7
Jan 2026273.3278.4
Dec 2025272.3275.3
Nov 2025269.9272.5
Oct 2025249.8267.9
Sep 2025240.9263.9
Aug 2025243.1259.9
Jul 2025244.1257.3
Jun 2025241.2252.8
May 2025247.3249.5
Apr 2025244.1246.8
Mar 2025243.9244.3
Feb 2025227.2239.4
Jan 2025227.0234.7
Dec 2024220.3231.1
Nov 2024214.5230.2
Oct 2024216.0227.6
Sep 2024216.4224.2
Aug 2024217.2220.1
Jul 2024208.1216.7
Jun 2024204.9214.0
May 2024201.4213.0
Apr 2024205.1211.1
Mar 2024198.5209.0
Feb 2024198.3206.3
Jan 2024194.8205.0
Dec 2023198.6203.2
Nov 2023199.0202.4
Oct 2023195.9203.2
Sep 2023204.9203.8
Aug 2023199.0203.4
Jul 2023190.4201.7
Jun 2023180.7200.8
May 2023178.9199.7
Apr 2023189.2197.2
Mar 2023198.1196.2
Feb 2023201.5195.5
Jan 2023206.1196.4
Dec 2022190.7192.9
Nov 2022183.1191.7
Oct 2022170.6187.8
Sep 2022172.3189.0
Aug 2022176.9187.0
Jul 2022184.0187.4
Jun 2022184.1186.1
May 2022179.1182.5
Apr 2022169.1179.4
Mar 2022162.0176.1
Feb 2022159.3173.8
Jan 2022154.6170.9
Dec 2021159.3170.0
Nov 2021162.7168.3
Oct 2021165.9165.5
Sep 2021159.6163.5
Aug 2021156.1161.5
Jul 2021150.3161.5
Jun 2021156.1160.7
May 2021157.4160.3
Apr 2021153.5158.7
Mar 2021152.5157.0
Feb 2021147.1155.3
Jan 2021148.5154.8
Dec 2020141.4152.9
Nov 2020141.0151.3
Oct 2020140.9149.6
Sep 2020141.4149.2
Aug 2020148.3149.2
Jul 2020151.5149.1
Jun 2020153.7148.0
May 2020155.1147.4
Apr 2020151.4147.0
Mar 2020146.6146.8
Feb 2020143.4147.0
Jan 2020146.8145.9
Dec 2019143.4144.3
Nov 2019133.8142.3
Oct 2019130.6141.4
Sep 2019130.1141.0
Aug 2019138.3139.4
Jul 2019137.2138.1
Jun 2019132.9136.2
May 2019129.4135.3
Apr 2019129.4134.3
Mar 2019128.4133.1
Feb 2019131.9132.3
Jan 2019128.7130.0
Dec 2018134.3129.2
Nov 2018134.0128.0
Oct 2018136.8127.9
Sep 2018130.2126.9
Aug 2018128.0125.8
Jul 2018123.8124.5
Jun 2018119.9123.3
May 2018119.4122.9
Apr 2018125.5122.2
Mar 2018124.5121.7
Feb 2018127.0120.5
Jan 2018126.0119.3
Dec 2017123.5117.9
Nov 2017120.3117.6
Oct 2017119.8117.2
Sep 2017119.6116.5
Aug 2017120.9114.8
Jul 2017117.2113.9
Jun 2017116.0113.8
May 2017113.3113.4
Apr 2017115.5113.0
Mar 2017116.0112.3
Feb 2017120.6112.0
Jan 2017112.2111.2
Dec 2016112.2110.2
Nov 2016112.0109.3
Oct 2016112.8108.5
Sep 2016112.7107.9
Aug 2016114.0107.7
Jul 2016112.0106.6
Jun 2016111.1106.2
May 2016110.0105.8
Apr 2016106.6105.0
Mar 2016109.6104.2
Feb 2016112.2103.8
Jan 2016113.3103.8
Dec 2015114.0104.2
Nov 2015111.8103.6
Oct 2015108.6103.2
Sep 2015103.5102.8
Aug 2015107.4102.4
Jul 2015110.3102.6
Jun 2015114.2101.7
May 2015108.1101.6
Apr 2015104.6100.5
Mar 201597.5100.0
Feb 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
June 2015September 2015−9.3%317
February 2017May 2017−6.0%33
February 2018May 2018−6.0%33
October 2018March 2019−6.2%54
August 2019September 2019−6.0%13
May 2020October 2020−9.2%57
May 2021July 2021−4.5%22
October 2021January 2022−6.8%33
June 2022October 2022−7.3%42
January 2023May 2023−13.2%414

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 Santo Tirso

Next 12 months

Asking prices have an 80% chance of landing between €2,227/m² and €2,753/m² by September 2027.

Expected, September 2027
€2,490/m²
Chance of a rise
98%

Affordability

At the bank valuation, a 90 m² home costs €163,800. With 10% down and a 30-year mortgage, the payment is €622 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
25%
Payment, one income
50%

Buy or rent

Owning and renting a 90 m² home cost about the same each month. 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
€529
Owning per month
€546

Asking against valuation

Sellers ask 13.7% more than banks value homes at. A year ago the gap was +4.9%.

Gap today
+13.7%
Change in a year
+8.8 pp

New homes

79.0% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
254
Per 1,000 residents
3.6

Foreign buyers

Figures for Área Metropolitana do Porto: Santo Tirso has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 31.6% more per m² than buyers living in Portugal.

Abroad against residents
+31.6%

People and new homes

In 2025 the population grew by 153 while 134 homes were finished: 1.1 new residents for every new home.

New residents per new home, 2025
1.1
Population change, 2025
+153

Empty homes

10.7% of the 30,918 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.7%
Empty homes
3,300

Renovation

In 2025, 17% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
17%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €1.7M of housing works here in 2025, and €7.3M since 2012.

Signed in 2025
€1.7M
Per resident, 2025
€25

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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