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Vila Real de Santo António · report

Past price cycles in Vila Real de Santo António

Bank valuations have fallen by 3% or more 7 times since 2020. The deepest began in September 2020.

Deepest fall
−14.6%
Recovery from the low
5 months

Prices in Vila Real de Santo António and Portugal, indexed

Bank valuations, both set to 100 in July 2020.

  • Vila Real de Santo António
  • Portugal
  • 100 = July 2020
Show the numbers
PeriodVila Real de Santo AntónioPortugal
Sep 2026228.6202.1
Aug 2026216.7200.0
Jul 2026212.5198.8
Jun 2026202.6197.7
May 2026196.0195.9
Apr 2026198.8192.9
Mar 2026201.5190.9
Feb 2026179.8188.3
Jan 2026178.9186.8
Dec 2025180.7184.6
Nov 2025188.7182.8
Oct 2025192.8179.7
Sep 2025186.1177.0
Aug 2025175.3174.4
Jul 2025173.9172.6
Jun 2025185.9169.6
May 2025182.8167.3
Apr 2025185.1165.6
Mar 2025167.3163.9
Feb 2025159.7160.6
Jan 2025159.0157.4
Dec 2024167.9155.0
Nov 2024173.6154.4
Oct 2024170.3152.7
Sep 2024179.3150.4
Aug 2024183.1147.6
Jul 2024178.2145.3
Jun 2024181.3143.6
May 2024171.4142.9
Apr 2024154.7141.6
Mar 2024154.7140.2
Feb 2024158.0138.4
Jan 2024157.1137.5
Dec 2023156.0136.3
Nov 2023141.1135.8
Oct 2023143.0136.3
Sep 2023140.7136.7
Aug 2023158.7136.5
Jul 2023163.7135.3
Jun 2023142.5134.7
May 2023141.9134.0
Apr 2023132.8132.3
Mar 2023142.6131.6
Feb 2023137.4131.1
Jan 2023144.5131.8
Dec 2022149.7129.4
Nov 2022146.9128.6
Oct 2022148.8126.0
Sep 2022146.5126.8
Aug 2022141.7125.5
Jul 2022132.3125.7
Jun 2022128.9124.8
May 2022128.2122.4
Apr 2022128.2120.3
Mar 2022123.9118.1
Feb 2022120.1116.6
Jan 2022116.8114.6
Dec 2021115.7114.0
Nov 2021120.0112.9
Oct 2021116.4111.0
Sep 2021121.2109.7
Aug 2021118.4108.3
Jul 2021123.6108.3
Jun 2021122.6107.8
May 2021124.3107.5
Apr 2021114.2106.5
Mar 2021107.5105.3
Feb 2021100.7104.2
Jan 2021100.2103.8
Dec 202099.5102.6
Nov 2020106.1101.5
Oct 2020116.2100.4
Sep 2020116.6100.1
Aug 2020105.5100.1
Jul 2020100.0100.0

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
September 2020December 2020−14.6%35
May 2021December 2021−6.9%74
December 2022April 2023−11.3%43
July 2023September 2023−14.1%28
August 2024January 2025−13.2%53
June 2025July 2025−6.5%12
October 2025January 2026−7.2%32

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 Vila Real de Santo António

Next 12 months

Asking prices have an 80% chance of landing between €3,665/m² and €4,198/m² by September 2027.

Expected, September 2027
€3,931/m²
Chance of a rise
80%

Affordability

At the bank valuation, a 90 m² home costs €264,330. With 10% down and a 30-year mortgage, the payment is €1,003 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
46%
Payment, one income
91%

Buy or rent

Renting a 90 m² home costs less each month than owning 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
€893
Owning per month
€984

Asking against valuation

Sellers ask 27.8% more than banks value homes at. A year ago the gap was +36.6%.

Gap today
+27.8%
Change in a year
−8.8 pp

New homes

20.6% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
105
Per 1,000 residents
4.7

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 5.2% more per m² than buyers living in Portugal.

Abroad against residents
+5.2%

People and new homes

In 2025 the population fell by 51 while 113 homes were finished.

Homes finished, 2025
113
Population change, 2025
−51

Empty homes

14.9% of the 20,740 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
14.9%
Empty homes
3,085

Renovation

In 2025, 15% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
15%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €44.6M of housing works here in 2025, and €44.7M since 2012.

Signed in 2025
€44.6M
Per resident, 2025
€1,994

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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