Imofolio
Sign inGet started for free

Vagos · report

Past price cycles in Vagos

Asking prices have fallen by 3% or more 6 times since 2015. The deepest began in March 2026.

Deepest fall
−11.0%
Recovery from the low
Not yet

Prices in Vagos and Portugal, indexed

Asking prices, both set to 100 in April 2015.

  • Vagos
  • Portugal
  • 100 = April 2015
Show the numbers
PeriodVagosPortugal
Sep 2026239.2315.2
Aug 2026237.4313.2
Jul 2026231.5313.5
Jun 2026227.2313.6
May 2026233.5312.3
Apr 2026239.9312.3
Mar 2026255.4310.0
Feb 2026243.7306.7
Jan 2026232.0303.9
Dec 2025220.1300.8
Nov 2025206.7299.1
Oct 2025210.7295.2
Sep 2025210.1292.3
Aug 2025206.3291.3
Jul 2025211.2290.2
Jun 2025212.9286.9
May 2025207.5282.3
Apr 2025219.4280.0
Mar 2025211.8276.6
Feb 2025204.3272.9
Jan 2025196.7268.8
Dec 2024189.1265.6
Nov 2024181.5261.5
Oct 2024179.4258.8
Sep 2024176.6257.4
Aug 2024183.1256.4
Jul 2024180.6256.3
Jun 2024184.0254.1
May 2024176.2252.7
Apr 2024169.6249.1
Mar 2024172.3247.3
Feb 2024174.6245.3
Jan 2024176.0243.9
Dec 2023175.6240.9
Nov 2023172.1238.8
Oct 2023172.4235.2
Sep 2023170.1233.4
Aug 2023170.5232.9
Jul 2023173.0233.7
Jun 2023167.6233.5
May 2023162.1231.3
Apr 2023156.8230.4
Mar 2023151.4228.2
Feb 2023150.3227.1
Jan 2023141.2225.6
Dec 2022140.7224.5
Nov 2022140.4224.0
Oct 2022138.6220.6
Sep 2022136.7219.3
Aug 2022132.9218.9
Jul 2022133.1218.7
Jun 2022132.5218.6
May 2022127.9218.3
Apr 2022128.8217.1
Mar 2022130.9217.2
Feb 2022131.8216.2
Jan 2022130.8215.2
Dec 2021132.4215.0
Nov 2021132.5214.5
Oct 2021133.0213.2
Sep 2021134.0210.6
Aug 2021133.7209.8
Jul 2021130.1209.0
Jun 2021129.8207.1
May 2021128.3205.9
Apr 2021124.0204.8
Mar 2021120.8204.7
Feb 2021120.2204.0
Jan 2021117.6204.5
Dec 2020116.6203.2
Nov 2020117.5201.6
Oct 2020116.7199.0
Sep 2020112.3196.8
Aug 2020112.9195.7
Jul 2020111.4194.5
Jun 2020110.5195.5
May 2020108.8196.3
Apr 2020109.7197.3
Mar 2020110.7195.3
Feb 2020110.4194.0
Jan 2020109.2191.8
Dec 2019108.8193.1
Nov 2019109.1192.0
Oct 2019108.2191.5
Sep 2019109.9191.2
Aug 2019108.4191.4
Jul 2019108.3191.5
Jun 2019109.1188.6
May 2019108.8184.2
Apr 2019106.2180.2
Mar 2019105.3178.2
Feb 2019106.0176.0
Jan 2019106.5174.1
Dec 2018106.2173.6
Nov 2018105.3172.3
Oct 2018103.6170.2
Sep 2018103.1166.3
Aug 2018102.2163.2
Jul 2018102.1162.7
Jun 2018101.5159.1
May 201898.9157.6
Apr 201897.4154.3
Mar 201897.0152.7
Feb 201897.8152.1
Jan 201897.3149.7
Dec 201793.7150.1
Nov 201794.3148.3
Oct 201793.4146.2
Sep 201792.8143.1
Aug 201793.3141.1
Jul 201792.1138.7
Jun 201792.5136.8
May 201793.4133.7
Apr 201792.1133.5
Mar 201792.9132.0
Feb 201794.8129.9
Jan 201794.8128.3
Dec 201695.0127.2
Nov 201693.3126.5
Oct 201692.7123.9
Sep 201692.4120.5
Aug 201691.4117.3
Jul 201693.0113.3
Jun 201692.9113.2
May 201692.1112.0
Apr 201692.7111.3
Mar 201693.7112.3
Feb 201693.0112.0
Jan 201690.1110.7
Dec 201591.2108.8
Nov 201590.9107.0
Oct 201592.4106.4
Sep 201592.3105.8
Aug 201591.8104.8
Jul 201591.5103.9
Jun 201590.3104.3
May 201597.5102.0
Apr 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
April 2015January 2016−9.9%929
September 2021May 2022−4.5%84
January 2024April 2024−3.6%31
June 2024September 2024−4.1%33
April 2025August 2025−6.0%44
March 2026June 2026−11.0%3Not 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 Vagos

Next 12 months

Asking prices have an 80% chance of landing between €1,540/m² and €2,311/m² by September 2027.

Expected, September 2027
€1,925/m²
Chance of a rise
38%

Affordability

At the bank valuation, a 90 m² home costs €161,370. With 10% down and a 30-year mortgage, the payment is €612 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
26%
Payment, one income
51%

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
€571
Owning per month
€547

Asking against valuation

Sellers ask 12.7% more than banks value homes at. A year ago the gap was +16.8%.

Gap today
+12.7%
Change in a year
−4.1 pp

New homes

109.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
180
Per 1,000 residents
7.1

Foreign buyers

Figures for Região de Aveiro: Vagos has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 15.3% more per m² than buyers living in Portugal.

Abroad against residents
+15.3%

People and new homes

In 2025 the population grew by 328 while 69 homes were finished: 4.8 new residents for every new home.

New residents per new home, 2025
4.8
Population change, 2025
+328

Empty homes

10.0% of the 13,323 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.0%
Empty homes
1,332

Renovation

In 2025, 3% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
3%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €457.8K of housing works here in 2020, and €1.3M since 2012.

Signed in 2020
€457.8K
Per resident, 2020
€18

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.

Made with Imofolio · imofolio.com/en/market/portugal/vagos/cycles

Selling homes in Portugal? Keep the whole sale in one place.

Imofolio is the CRM for estate agents and agencies: properties, buyers, viewings, proposals and your own website, from the first enquiry to the closing.

Try free for 3 daysTalk to the team