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Vendas Novas · report

Past price cycles in Vendas Novas

Asking prices have fallen by 3% or more 5 times since 2016. The deepest began in January 2018.

Deepest fall
−11.8%
Recovery from the low
17 months

Prices in Vendas Novas and Portugal, indexed

Asking prices, both set to 100 in January 2016.

  • Vendas Novas
  • Portugal
  • 100 = January 2016
Show the numbers
PeriodVendas NovasPortugal
Sep 2026277.2284.7
Aug 2026272.3282.8
Jul 2026262.2283.1
Jun 2026260.9283.2
May 2026253.3282.0
Apr 2026255.9282.0
Mar 2026247.4279.9
Feb 2026239.0277.0
Jan 2026230.5274.4
Dec 2025222.1271.6
Nov 2025213.6270.1
Oct 2025207.4266.6
Sep 2025199.5263.9
Aug 2025191.6263.1
Jul 2025183.7262.1
Jun 2025175.8259.1
May 2025178.2254.9
Apr 2025180.6252.8
Mar 2025180.7249.7
Feb 2025179.7246.5
Jan 2025186.5242.8
Dec 2024185.0239.9
Nov 2024185.8236.2
Oct 2024179.8233.7
Sep 2024183.0232.5
Aug 2024176.0231.6
Jul 2024176.2231.4
Jun 2024174.1229.5
May 2024173.6228.2
Apr 2024168.3225.0
Mar 2024163.2223.3
Feb 2024158.0221.5
Jan 2024153.1220.3
Dec 2023152.1217.5
Nov 2023147.8215.6
Oct 2023141.6212.3
Sep 2023141.6210.8
Aug 2023144.5210.3
Jul 2023146.5211.0
Jun 2023145.3210.8
May 2023145.4208.9
Apr 2023146.5208.0
Mar 2023146.2206.1
Feb 2023148.3205.0
Jan 2023150.1203.7
Dec 2022154.7202.7
Nov 2022148.2202.3
Oct 2022145.6199.2
Sep 2022143.0198.1
Aug 2022143.3197.7
Jul 2022138.7197.4
Jun 2022134.3197.4
May 2022129.9197.1
Apr 2022129.1196.0
Mar 2022122.1196.1
Feb 2022124.3195.2
Jan 2022126.1194.4
Dec 2021125.2194.2
Nov 2021126.9193.7
Oct 2021130.1192.5
Sep 2021125.7190.2
Aug 2021126.2189.4
Jul 2021123.3188.7
Jun 2021116.3187.0
May 2021118.2185.9
Apr 2021117.0184.9
Mar 2021113.2184.8
Feb 2021114.2184.2
Jan 2021114.1184.7
Dec 2020113.7183.5
Nov 2020111.6182.0
Oct 2020110.0179.7
Sep 2020109.3177.7
Aug 2020109.3176.7
Jul 2020112.1175.7
Jun 2020112.1176.5
May 2020112.0177.2
Apr 2020112.1178.1
Mar 2020111.9176.4
Feb 2020112.6175.2
Jan 2020108.3173.2
Dec 2019104.2174.3
Nov 2019106.3173.4
Oct 2019104.3172.9
Sep 2019106.9172.7
Aug 2019104.3172.8
Jul 2019105.8172.9
Jun 2019105.4170.3
May 2019109.7166.3
Apr 2019111.2162.7
Mar 2019111.1160.9
Feb 2019109.0158.9
Jan 2019109.1157.2
Dec 2018109.0156.8
Nov 2018108.6155.6
Oct 2018109.5153.7
Sep 2018108.7150.2
Aug 2018110.1147.4
Jul 2018110.0146.9
Jun 2018111.3143.7
May 2018112.1142.3
Apr 2018111.7139.3
Mar 2018111.6137.9
Feb 2018113.0137.3
Jan 2018118.2135.2
Dec 2017112.6135.5
Nov 2017112.6134.0
Oct 2017112.6132.0
Sep 2017110.3129.2
Aug 2017109.0127.4
Jul 2017105.2125.2
Jun 2017101.4123.5
May 201797.5120.7
Apr 201796.0120.5
Mar 201794.1119.2
Feb 201793.2117.3
Jan 201794.5115.9
Dec 201694.2114.9
Nov 201694.2114.2
Oct 201695.0111.9
Sep 201696.8108.8
Aug 201694.3105.9
Jul 201694.6102.3
Jun 201694.8102.2
May 201696.8101.1
Apr 201699.0100.5
Mar 201698.9101.4
Feb 201699.0101.1
Jan 2016100.0100.0

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
January 2016February 2017−6.8%134
January 2018December 2019−11.8%2317
October 2021March 2022−6.2%53
December 2022September 2023−8.5%95
January 2025June 2025−5.7%52

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 Vendas Novas

Next 12 months

Asking prices have an 80% chance of landing between €2,366/m² and €3,020/m² by September 2027.

Expected, September 2027
€2,693/m²
Chance of a rise
97%

Affordability

At the median sale price, a 90 m² home costs €150,570. With 10% down and a 30-year mortgage, the payment is €571 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
23%
Payment, one income
46%

Buy or rent

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.

Rent per month
€636
Owning per month
€528

New homes

13.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
16
Per 1,000 residents
1.2

Foreign buyers

Figures for Alentejo: Vendas Novas has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 24.9% more per m² than buyers living in Portugal.

Abroad against residents
+24.9%

People and new homes

In 2025 the population grew by 60 while 15 homes were finished: 4.0 new residents for every new home.

New residents per new home, 2025
4.0
Population change, 2025
+60

Empty homes

15.7% of the 6,417 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
15.7%
Empty homes
1,010

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 €11.7K of housing works here in 2025, and €285.6K since 2012.

Signed in 2025
€11.7K
Per resident, 2025
€1

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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