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Vagos · report

New homes in Vagos

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

Homes licensed for construction in Vagos

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

  • Vagos
  • Ten-year average
Show the numbers
PeriodVagos
Aug 2026180
Jul 2026174
Jun 2026158
May 2026163
Apr 2026160
Mar 2026167
Feb 2026165
Jan 2026155
Dec 2025171
Nov 2025160
Oct 2025161
Sep 2025179
Aug 2025166
Jul 2025165
Jun 2025158
May 2025156
Apr 2025153
Mar 2025139
Feb 2025139
Jan 2025132
Dec 2024108
Nov 2024104
Oct 2024100
Sep 202482
Aug 202478
Jul 202465
Jun 202473
May 202468
Apr 202473
Mar 202471
Feb 202490
Jan 202492
Dec 202387
Nov 202386
Oct 202385
Sep 202384
Aug 202381
Jul 202382
Jun 202374
May 202376
Apr 202369
Mar 202392
Feb 202372
Jan 202377
Dec 202282
Nov 202284
Oct 202283
Sep 202291
Aug 202299
Jul 202298
Jun 202297
May 202297
Apr 202293
Mar 202270
Feb 202281
Jan 202273
Dec 202170
Nov 202170
Oct 202170
Jul 202157
Apr 202167
Jan 202160
Oct 202063
Sep 202061
Aug 202060
Jul 202063
Jun 202053
May 202049
Apr 202053
Mar 202052
Feb 202054
Jan 202055
Dec 201957
Nov 201956
Oct 201954
Sep 201971
Aug 201971
Jul 201970
Jun 201977
May 201978
Apr 201982
Mar 201979
Feb 201981
Jan 201977
Dec 201870
Nov 201871
Oct 201874
Sep 201858
Aug 201862
Jul 201868
Jun 201863
May 201863
Apr 201857
Mar 201861
Feb 201859
Jan 201859
Dec 201760
Nov 201759
Oct 201758
Sep 201761
Aug 201753
Jul 201748
Jun 201746
May 201745
Apr 201742
Mar 201748
Feb 201750
Jan 201749
Dec 201649
Nov 201650
Oct 201650
Sep 201651
Aug 201653
Jul 201648
Jun 201652
May 201652
Apr 201657
Mar 201654
Feb 201650
Jan 201651
Dec 201548
Nov 201550
Oct 201555
Sep 201556
Aug 201556
Jul 201559
Jun 201554
May 201556
Apr 201550
Mar 201548
Feb 201549
Jan 201548
Dec 201451
Nov 201450
Oct 201443
Sep 201442
Aug 201448
Jul 201446
Jun 201446
May 201443
Apr 201446
Mar 201440
Feb 201439
Jan 201441
Dec 201338
Nov 201339
Oct 201342
Sep 201339
Aug 201331
Jul 201331
Jun 201333
May 201334
Apr 201332
Mar 201336
Feb 201345
Jan 201347
Dec 201254
Nov 201259
Oct 201265
Sep 201276
Aug 201283
Jul 201283
Jun 201285
May 201289
Apr 2012100
Mar 2012109
Feb 2012119
Jan 2012130
Dec 2011136
Nov 2011148
Oct 2011149
Sep 2011134
Aug 2011126

Homes finished and licensed each year in Vagos

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
202569171
202442108
20233087
20224982
20213670
20204462
20193857
20182370
20173360
20163549
20152448
20144051
20137738
20129654
2011122136
Homes finished per 1,000 residents, 2025
2.7

Who built the homes finished in Vagos

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
202555.1%44.9%0.0%0.0%69
20240.0%100.0%0.0%0.0%42
20230.0%100.0%0.0%0.0%30
20226.1%93.9%0.0%0.0%49
20210.0%100.0%0.0%0.0%36
20200.0%100.0%0.0%0.0%44
20195.3%92.1%2.6%0.0%38
20180.0%100.0%0.0%0.0%23
20179.1%90.9%0.0%0.0%33
20162.9%97.1%0.0%0.0%35
20154.2%95.8%0.0%0.0%24
201420.0%77.5%0.0%2.5%40
201316.9%83.1%0.0%0.0%77
20128.3%91.7%0.0%0.0%96
201137.7%62.3%0.0%0.0%122

Homes finished in Vagos, 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
20251.4%44.9%47.8%5.8%69
20240.0%35.7%54.8%9.5%42
20230.0%20.0%73.3%6.7%30
20220.0%20.4%67.3%12.2%49
20210.0%22.2%55.6%22.2%36
20209.1%31.8%52.3%6.8%44
20190.0%28.9%65.8%5.3%38
20180.0%13.0%73.9%13.0%23
20170.0%30.3%45.5%24.2%33
20162.9%22.9%65.7%8.6%35
20154.2%25.0%50.0%20.8%24
20147.5%17.5%52.5%22.5%40
20133.9%14.3%67.5%14.3%77
20123.1%10.4%60.4%26.0%96
201112.3%26.2%35.2%26.2%122

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 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

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%

Past cycles

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

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.

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