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Almada · report

New homes in Almada

37.9% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
171
Per 1,000 residents
0.8

Homes licensed for construction in Almada

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

  • Almada
  • Ten-year average
Show the numbers
PeriodAlmada
Aug 2026171
Jul 2026171
Jun 2026165
May 2026165
Apr 2026122
Mar 2026135
Feb 2026143
Jan 2026168
Dec 2025170
Nov 2025170
Oct 2025198
Sep 2025186
Aug 2025194
Jul 2025195
Jun 2025261
May 2025260
Apr 2025273
Mar 2025279
Feb 2025277
Jan 2025267
Dec 2024273
Nov 2024263
Oct 2024243
Sep 2024268
Aug 2024266
Jul 2024273
Jun 2024209
May 2024213
Apr 2024203
Mar 2024191
Feb 2024194
Jan 2024186
Dec 2023188
Nov 2023196
Oct 2023201
Sep 2023218
Aug 2023207
Jul 2023212
Jun 2023217
May 2023243
Apr 2023246
Mar 2023254
Feb 2023260
Jan 2023302
Dec 2022316
Nov 2022326
Oct 2022345
Sep 2022321
Aug 2022361
Jul 2022370
Jun 2022387
May 2022363
Apr 2022379
Mar 2022383
Feb 2022416
Jan 2022389
Dec 2021383
Nov 2021378
Oct 2021360
Jul 2021302
Apr 2021287
Jan 2021250
Oct 2020282
Sep 2020314
Aug 2020329
Jul 2020345
Jun 2020345
May 2020360
Apr 2020368
Mar 2020392
Feb 2020429
Jan 2020443
Dec 2019436
Nov 2019452
Oct 2019422
Sep 2019417
Aug 2019412
Jul 2019407
Jun 2019410
May 2019400
Apr 2019411
Mar 2019406
Feb 2019367
Jan 2019344
Dec 2018357
Nov 2018350
Oct 2018339
Sep 2018313
Aug 2018298
Jul 2018311
Jun 2018298
May 2018292
Apr 2018257
Mar 2018251
Feb 2018254
Jan 2018253
Dec 2017240
Nov 2017225
Oct 2017227
Sep 2017223
Aug 2017231
Jul 2017212
Jun 2017202
May 2017190
Apr 2017192
Mar 2017177
Feb 2017159
Jan 2017157
Dec 2016137
Nov 2016137
Oct 2016133
Sep 2016128
Aug 2016111
Jul 201696
Jun 2016102
May 2016114
Apr 2016112
Mar 2016107
Feb 2016111
Jan 2016108
Dec 2015108
Nov 2015110
Oct 2015106
Sep 2015113
Aug 2015119
Jul 2015121
Jun 2015112
May 201598
Apr 201599
Mar 201598
Feb 201592
Jan 201581
Dec 201480
Nov 201476
Oct 201473
Sep 201464
Aug 201459
Jul 201455
Jun 201456
May 201441
Apr 201446
Mar 201461
Feb 201445
Jan 201453
Dec 201357
Nov 201337
Oct 201345
Sep 201346
Aug 201334
Jul 201351
Jun 201350
May 201353
Apr 201353
Mar 201341
Feb 201348
Jan 201352
Dec 201249
Nov 201256
Oct 201267
Sep 201271
Aug 201268
Jul 201267
Jun 201285
May 2012105
Apr 2012113
Mar 2012112
Feb 2012116
Jan 2012124
Dec 2011127
Nov 2011172
Oct 2011164
Sep 2011158
Aug 2011155

Homes finished and licensed each year in Almada

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
2025206170
2024372273
2023204188
2022235316
2021248383
2020274252
2019188436
2018160357
201786240
2016107137
201573108
201410880
201311649
201210553
2011180127
Homes finished per 1,000 residents, 2025
1.0

Who built the homes finished in Almada

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
202542.7%57.3%0.0%0.0%206
202447.6%52.4%0.0%0.0%372
202348.5%51.0%0.5%0.0%204
202252.8%47.2%0.0%0.0%235
202152.4%46.8%0.4%0.4%248
202066.8%32.5%0.4%0.4%274
201957.4%41.5%0.0%1.1%188
201859.4%40.6%0.0%0.0%160
201758.1%41.9%0.0%0.0%86
201655.1%44.9%0.0%0.0%107
201552.1%47.9%0.0%0.0%73
201454.6%45.4%0.0%0.0%108
201335.3%64.7%0.0%0.0%116
201239.0%60.0%0.0%1.0%105
201148.3%51.1%0.0%0.6%180

Homes finished in Almada, 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
202514.1%11.2%37.9%36.9%206
20245.4%19.1%30.9%44.6%372
20230.5%17.6%27.9%53.9%204
20221.3%9.8%40.4%48.5%235
20212.0%11.7%40.7%45.6%248
20204.4%8.4%48.2%39.1%274
20194.3%9.0%48.4%38.3%188
20182.5%21.3%43.1%33.1%160
20174.7%16.3%43.0%36.0%86
20169.3%15.9%42.1%32.7%107
201513.7%13.7%38.4%34.2%73
20146.5%16.7%46.3%30.6%108
20135.2%23.3%40.5%31.0%116
201211.4%17.1%42.9%28.6%105
20116.7%22.8%43.9%26.7%180

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 Almada

Next 12 months

Asking prices have an 80% chance of landing between €3,519/m² and €4,418/m² by September 2027.

Expected, September 2027
€3,969/m²
Chance of a rise
55%

Affordability

At the bank valuation, a 90 m² home costs €292,860. With 10% down and a 30-year mortgage, the payment is €1,111 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
43%
Payment, one income
86%

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
€1,234
Owning per month
€1,069

Asking against valuation

Sellers ask 20.5% more than banks value homes at. A year ago the gap was +35.0%.

Gap today
+20.5%
Change in a year
−14.5 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 9.3% more per m² than buyers living in Portugal.

Abroad against residents
+9.3%

Past cycles

Bank valuations have fallen by 3% or more 2 times since 2011. The deepest began in May 2011.

Deepest fall
−25.5%
Recovery from the low
44 months

People and new homes

In 2025 the population grew by 963 while 206 homes were finished: 4.7 new residents for every new home.

New residents per new home, 2025
4.7
Population change, 2025
+963

Empty homes

8.6% of the 101,521 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
8.6%
Empty homes
8,779

Renovation

In 2025, 1% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
1%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €24.7M of housing works here in 2025, and €55.9M since 2012.

Signed in 2025
€24.7M
Per resident, 2025
€122

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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