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Alentejo · report

Past price cycles in Alentejo

Bank valuations have fallen by 3% or more 4 times since 2011. The deepest began in April 2011.

Deepest fall
−23.6%
Recovery from the low
58 months

Prices in Alentejo and Portugal, indexed

Bank valuations, both set to 100 in January 2011.

  • Alentejo
  • Portugal
  • 100 = January 2011
Show the numbers
PeriodAlentejoPortugal
Sep 2026170.7259.7
Aug 2026172.3257.0
Jul 2026172.6255.4
Jun 2026169.9254.0
May 2026165.2251.8
Apr 2026163.3247.9
Mar 2026162.3245.3
Feb 2026160.0242.0
Jan 2026158.9240.0
Dec 2025155.9237.3
Nov 2025155.9234.9
Oct 2025152.2230.9
Sep 2025154.7227.5
Aug 2025150.7224.1
Jul 2025150.1221.8
Jun 2025144.1217.9
May 2025144.5215.1
Apr 2025144.7212.8
Mar 2025145.7210.6
Feb 2025140.6206.4
Jan 2025135.9202.3
Dec 2024133.5199.2
Nov 2024133.4198.4
Oct 2024133.7196.2
Sep 2024131.3193.3
Aug 2024131.9189.7
Jul 2024130.0186.8
Jun 2024131.5184.5
May 2024131.7183.6
Apr 2024134.5182.0
Mar 2024132.8180.2
Feb 2024133.0177.9
Jan 2024131.5176.7
Dec 2023129.7175.1
Nov 2023128.6174.5
Oct 2023128.0175.1
Sep 2023130.9175.7
Aug 2023128.0175.4
Jul 2023125.3173.9
Jun 2023120.8173.1
May 2023118.7172.2
Apr 2023118.6170.0
Mar 2023118.6169.1
Feb 2023119.7168.5
Jan 2023116.9169.3
Dec 2022115.6166.2
Nov 2022114.8165.2
Oct 2022114.0161.9
Sep 2022112.6162.9
Aug 2022114.0161.2
Jul 2022114.6161.6
Jun 2022114.9160.4
May 2022112.4157.4
Apr 2022111.9154.6
Mar 2022111.3151.8
Feb 2022108.9149.8
Jan 2022105.9147.3
Dec 2021104.1146.5
Nov 2021104.9145.0
Oct 2021106.1142.6
Sep 2021104.9140.9
Aug 2021103.5139.2
Jul 2021103.7139.2
Jun 2021104.4138.5
May 2021108.5138.2
Apr 2021107.4136.8
Mar 2021107.0135.3
Feb 2021101.9133.9
Jan 2021101.4133.4
Dec 2020102.4131.8
Nov 2020103.6130.4
Oct 2020102.4129.0
Sep 2020101.0128.6
Aug 202098.8128.6
Jul 2020103.6128.5
Jun 2020106.7127.6
May 2020106.1127.0
Apr 202099.0126.7
Mar 2020100.5126.6
Feb 2020103.2126.7
Jan 2020108.0125.8
Dec 2019106.4124.4
Nov 2019104.4122.7
Oct 2019101.9121.9
Sep 2019101.3121.6
Aug 2019101.3120.2
Jul 2019101.0119.0
Jun 2019100.7117.4
May 2019102.0116.6
Apr 2019100.8115.7
Mar 201999.2114.7
Feb 201996.0114.0
Jan 201993.5112.1
Dec 201893.3111.4
Nov 201894.7110.4
Oct 201897.6110.3
Sep 201897.4109.4
Aug 201895.8108.4
Jul 201893.2107.3
Jun 201892.9106.3
May 201892.6105.9
Apr 201892.6105.4
Mar 201892.7104.9
Feb 201894.0103.9
Jan 201890.4102.9
Dec 201789.6101.6
Nov 201788.8101.4
Oct 201791.2101.0
Sep 201791.2100.5
Aug 201791.199.0
Jul 201791.298.2
Jun 201792.198.1
May 201791.697.7
Apr 201790.297.4
Mar 201791.196.8
Feb 201791.496.6
Jan 201791.695.9
Dec 201690.095.0
Nov 201686.494.2
Oct 201684.093.5
Sep 201686.293.0
Aug 201687.892.8
Jul 201688.091.9
Jun 201685.091.6
May 201685.091.2
Apr 201684.990.5
Mar 201685.489.9
Feb 201683.889.5
Jan 201683.989.5
Dec 201584.589.9
Nov 201586.489.3
Oct 201586.688.9
Sep 201586.888.6
Aug 201584.888.3
Jul 201583.988.5
Jun 201584.087.7
May 201582.787.6
Apr 201581.586.7
Mar 201580.286.2
Feb 201581.486.2
Jan 201581.886.2
Dec 201480.385.6
Nov 201480.385.6
Oct 201483.086.2
Sep 201484.988.0
Aug 201483.488.4
Jul 201480.887.0
Jun 201477.185.3
May 201481.084.2
Apr 201482.483.9
Mar 201483.884.3
Feb 201486.485.7
Jan 201485.286.7
Dec 201383.087.0
Nov 201383.986.9
Oct 201385.887.2
Sep 201387.387.0
Aug 201385.886.8
Jul 201384.986.5
Jun 201382.687.1
May 201379.586.4
Apr 201381.585.3
Mar 201383.484.6
Feb 201383.885.1
Jan 201386.986.5
Dec 201285.787.8
Nov 201287.288.3
Oct 201288.188.7
Sep 201290.389.4
Aug 201290.089.4
Jul 201288.289.7
Jun 201288.590.2
May 201290.991.2
Apr 201293.592.8
Mar 201293.492.5
Feb 201295.192.4
Jan 201295.192.2
Dec 201196.093.3
Nov 201195.794.5
Oct 201196.595.0
Sep 201196.996.2
Aug 201197.697.1
Jul 201197.697.9
Jun 201197.899.4
May 201199.2101.4
Apr 2011100.8102.6
Mar 2011100.5102.4
Feb 201199.6101.1
Jan 2011100.0100.0

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 2011June 2014−23.6%3858
January 2020August 2020−8.6%79
May 2021August 2021−4.6%36
April 2024July 2024−3.3%36

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 Alentejo

Next 12 months

Bank valuations have an 80% chance of landing between €1,465/m² and €1,681/m² by September 2027.

Expected, September 2027
€1,573/m²
Chance of a rise
96%

Affordability

At the bank valuation, a 90 m² home costs €127,980. With 10% down and a 30-year mortgage, the payment is €486 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
21%
Payment, one income
41%

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
€540
Owning per month
€346

New homes

8.8% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
779
Per 1,000 residents
1.5

Foreign buyers

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 fell by 986 while 667 homes were finished.

Homes finished, 2025
667
Population change, 2025
−986

Renovation

In 2025, 28% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
28%
Reconstructions per 100 new buildings
2.6

Public housing works

Public bodies signed €16.5M of housing works here in 2025, and €63.3M since 2012.

Signed in 2025
€16.5M
Per resident, 2025
€32

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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