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Torres Vedras · report

New homes in Torres Vedras

113.3% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
536
Per 1,000 residents
5.6

Homes licensed for construction in Torres Vedras

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

  • Torres Vedras
  • Ten-year average
Show the numbers
PeriodTorres Vedras
Aug 2026536
Jul 2026526
Jun 2026513
May 2026514
Apr 2026498
Mar 2026508
Feb 2026519
Jan 2026541
Dec 2025505
Nov 2025490
Oct 2025513
Sep 2025523
Aug 2025484
Jul 2025487
Jun 2025479
May 2025446
Apr 2025438
Mar 2025425
Feb 2025419
Jan 2025423
Dec 2024418
Nov 2024431
Oct 2024408
Sep 2024389
Aug 2024377
Jul 2024365
Jun 2024344
May 2024354
Apr 2024334
Mar 2024327
Feb 2024355
Jan 2024330
Dec 2023355
Nov 2023338
Oct 2023319
Sep 2023309
Aug 2023333
Jul 2023335
Jun 2023331
May 2023310
Apr 2023306
Mar 2023330
Feb 2023286
Jan 2023284
Dec 2022246
Nov 2022238
Oct 2022241
Sep 2022244
Aug 2022206
Jul 2022206
Jun 2022213
May 2022217
Apr 2022234
Mar 2022213
Feb 2022217
Jan 2022212
Dec 2021206
Nov 2021197
Oct 2021193
Jul 2021176
Apr 2021179
Jan 2021140
Oct 2020150
Sep 2020171
Aug 2020163
Jul 2020182
Jun 2020158
May 2020174
Apr 2020192
Mar 2020197
Feb 2020202
Jan 2020202
Dec 2019204
Nov 2019205
Oct 2019202
Sep 2019177
Aug 2019179
Jul 2019155
Jun 2019136
May 2019125
Apr 2019109
Mar 2019112
Feb 2019129
Jan 2019128
Dec 2018129
Nov 2018123
Oct 2018123
Sep 2018121
Aug 2018120
Jul 2018131
Jun 2018127
May 2018121
Apr 2018130
Mar 2018122
Feb 2018104
Jan 201897
Dec 2017111
Nov 2017106
Oct 2017105
Sep 2017104
Aug 201799
Jul 201787
Jun 201785
May 201779
Apr 201764
Mar 201764
Feb 201761
Jan 201764
Dec 201645
Nov 201645
Oct 201644
Sep 201647
Aug 201645
Jul 201649
Jun 201646
May 201648
Apr 201647
Mar 201648
Feb 201647
Jan 201644
Dec 201544
Nov 201541
Oct 201543
Sep 201546
Aug 201547
Jul 201546
Jun 201547
May 201550
Apr 201553
Mar 201554
Feb 201554
Jan 201558
Dec 201462
Nov 201464
Oct 201469
Sep 201468
Aug 201478
Jul 201481
Jun 201484
May 201488
Apr 201493
Mar 201492
Feb 201493
Jan 201497
Dec 201395
Nov 201398
Oct 2013102
Sep 2013105
Aug 2013101
Jul 2013105
Jun 2013102
May 2013100
Apr 2013104
Mar 2013109
Feb 2013110
Jan 2013109
Dec 2012114
Nov 2012111
Oct 2012108
Sep 2012109
Aug 2012107
Jul 2012100
Jun 2012107
May 2012110
Apr 2012112
Mar 2012109
Feb 2012119
Jan 2012120
Dec 2011111
Nov 2011119
Oct 2011121
Sep 2011110
Aug 2011102

Homes finished and licensed each year in Torres Vedras

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
2025255505
2024192418
2023181355
2022150246
2021163206
202065139
201965204
201874129
201741111
20163745
20155244
20148062
201311495
2012130114
2011231111
Homes finished per 1,000 residents, 2025
2.7

Who built the homes finished in Torres Vedras

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
202540.0%60.0%0.0%0.0%255
202421.4%78.6%0.0%0.0%192
202339.8%60.2%0.0%0.0%181
202236.7%63.3%0.0%0.0%150
202149.1%50.9%0.0%0.0%163
202016.9%83.1%0.0%0.0%65
201924.6%75.4%0.0%0.0%65
201827.0%73.0%0.0%0.0%74
20172.4%97.6%0.0%0.0%41
20168.1%91.9%0.0%0.0%37
20153.8%96.2%0.0%0.0%52
20146.3%93.8%0.0%0.0%80
201321.9%78.1%0.0%0.0%114
20126.2%93.8%0.0%0.0%130
20116.9%93.1%0.0%0.0%231

Homes finished in Torres Vedras, 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
202511.4%26.3%42.4%20.0%255
20245.2%24.5%49.0%21.4%192
202311.6%24.3%43.6%20.4%181
20229.3%31.3%41.3%18.0%150
20217.4%22.1%50.3%20.2%163
202013.8%7.7%64.6%13.8%65
201915.4%38.5%32.3%13.8%65
20181.4%24.3%52.7%21.6%74
201722.0%22.0%41.5%14.6%41
201621.6%27.0%27.0%24.3%37
20155.8%28.8%50.0%15.4%52
201411.3%41.3%28.7%18.8%80
20139.6%42.1%32.5%15.8%114
20126.9%23.8%38.5%30.8%130
20119.5%27.3%39.4%23.8%231

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 Torres Vedras

Next 12 months

Asking prices have an 80% chance of landing between €2,714/m² and €2,998/m² by September 2027.

Expected, September 2027
€2,856/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €208,620. With 10% down and a 30-year mortgage, the payment is €792 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
33%
Payment, one income
67%

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
€800
Owning per month
€761

Asking against valuation

Sellers ask 7.2% more than banks value homes at. A year ago the gap was +5.9%.

Gap today
+7.2%
Change in a year
+1.3 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 16.1% more per m² than buyers living in Portugal.

Abroad against residents
+16.1%

Past cycles

Bank valuations have fallen by 3% or more 5 times since 2011. The deepest began in March 2011.

Deepest fall
−26.9%
Recovery from the low
53 months

People and new homes

In 2025 the population grew by 1,026 while 255 homes were finished: 4.0 new residents for every new home.

New residents per new home, 2025
4.0
Population change, 2025
+1,026

Empty homes

10.9% of the 46,324 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.9%
Empty homes
5,032

Renovation

In 2025, 7% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
7%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €24.6K of housing works here in 2025, and €2.5M since 2012.

Signed in 2025
€24.6K
Per resident, 2025
€0

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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