Algarve · report
Renovation in Algarve
In 2025, 34% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.
- Work on existing buildings, 2025
- 34%
- Reconstructions per 100 new buildings
- 2.4
Buildings finished in Algarve, by kind of work
Buildings completed each year: new construction, extensions, alterations and reconstructions. INE.
- Reconstructions
- Alterations
- Extensions
- New construction
Show the numbers
| Year | New construction | Extensions | Alterations | Reconstructions | Total |
|---|---|---|---|---|---|
| 2025 | 462 | 177 | 53 | 11 | 703 |
| 2024 | 482 | 176 | 49 | 13 | 720 |
| 2023 | 512 | 162 | 51 | 15 | 740 |
| 2022 | 498 | 159 | 37 | 29 | 723 |
| 2021 | 483 | 176 | 54 | 32 | 745 |
| 2020 | 505 | 161 | 33 | 18 | 717 |
| 2019 | 435 | 168 | 48 | 21 | 672 |
| 2018 | 379 | 143 | 45 | 36 | 603 |
| 2017 | 335 | 135 | 21 | 35 | 526 |
| 2016 | 293 | 157 | 23 | 37 | 510 |
| 2015 | 264 | 171 | 25 | 41 | 501 |
| 2014 | 262 | 181 | 25 | 33 | 501 |
| 2013 | 363 | 276 | 24 | 12 | 675 |
| 2012 | 593 | 318 | 41 | 22 | 974 |
| 2011 | 880 | 339 | 51 | 8 | 1,278 |
INE counts buildings, not homes, and every kind of building, not only housing. A reconstruction rebuilds an existing building; an alteration changes its layout or use.
Other reports for Algarve
Bank valuations have an 80% chance of landing between €3,027/m² and €3,433/m² by September 2027.
- Expected, September 2027
- €3,230/m²
- Chance of a rise
- 96%
At the bank valuation, a 90 m² home costs €265,770. With 10% down and a 30-year mortgage, the payment is €1,008 a month. Banco de Portugal caps it at 50% of a household's net income.
- Payment, two incomes
- 46%
- Payment, one income
- 92%
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
- €986
- Owning per month
- €1,054
0.1% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 1,611
- Per 1,000 residents
- 2.8
Over the last 12 months, buyers domiciled abroad paid 25.0% more per m² than buyers living in Portugal.
- Abroad against residents
- +25.0%
Bank valuations have fallen by 3% or more 2 times since 2011. The deepest began in April 2011.
- Deepest fall
- −21.5%
- Recovery from the low
- 37 months
In 2025 the population grew by 937 while 1,397 homes were finished: 0.7 new residents for every new home.
- New residents per new home, 2025
- 0.7
- Population change, 2025
- +937
Public bodies signed €103M of housing works here in 2025, and €162.4M since 2012.
- Signed in 2025
- €103M
- Per resident, 2025
- €178
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