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Alter do Chão · report

Past price cycles in Alter do Chão

Asking prices have fallen by 3% or more 8 times since 2018. The deepest began in August 2022.

Deepest fall
−15.8%
Recovery from the low
4 months

Prices in Alter do Chão and Portugal, indexed

Asking prices, both set to 100 in October 2018.

  • Alter do Chão
  • Portugal
  • 100 = October 2018
Show the numbers
PeriodAlter do ChãoPortugal
Sep 2026143.1185.2
Aug 2026144.8184.0
Jul 2026142.6184.2
Jun 2026135.8184.2
May 2026145.2183.5
Apr 2026145.7183.5
Mar 2026145.2182.1
Feb 2026145.3180.2
Jan 2026146.4178.5
Dec 2025148.6176.7
Nov 2025150.6175.7
Oct 2025150.8173.4
Sep 2025150.8171.7
Aug 2025145.5171.1
Jul 2025140.0170.5
Jun 2025134.6168.6
May 2025128.2165.9
Apr 2025125.6164.5
Mar 2025126.5162.5
Feb 2025126.9160.4
Jan 2025128.5157.9
Dec 2024130.9156.1
Nov 2024128.7153.6
Oct 2024129.6152.0
Sep 2024124.1151.2
Aug 2024126.9150.7
Jul 2024125.8150.5
Jun 2024125.4149.3
May 2024122.1148.5
Apr 2024126.7146.4
Mar 2024128.5145.3
Feb 2024125.6144.1
Jan 2024123.6143.3
Dec 2023124.3141.5
Nov 2023125.0140.3
Oct 2023117.9138.2
Sep 2023110.8137.1
Aug 2023103.8136.8
Jul 202396.7137.3
Jun 202395.2137.2
May 202399.5135.9
Apr 2023100.5135.3
Mar 2023101.1134.1
Feb 2023101.8133.4
Jan 2023102.6132.5
Dec 2022103.1131.9
Nov 2022103.8131.6
Oct 2022104.4129.6
Sep 2022107.1128.9
Aug 2022113.2128.6
Jul 2022106.8128.5
Jun 2022100.4128.4
May 202294.0128.2
Apr 202296.0127.5
Mar 2022102.7127.6
Feb 2022103.3127.0
Jan 2022101.5126.4
Dec 2021104.6126.3
Nov 2021103.5126.0
Oct 2021100.2125.2
Sep 2021100.2123.8
Aug 202197.8123.2
Jul 202195.4122.8
Jun 202193.1121.7
May 202193.1120.9
Apr 202194.5120.3
Mar 202192.1120.3
Feb 202194.0119.9
Jan 202197.6120.1
Dec 202097.6119.4
Nov 202098.2118.4
Oct 202099.5116.9
Sep 202099.5115.6
Aug 202099.1115.0
Jul 2020100.9114.3
Jun 2020101.3114.9
May 2020102.6115.3
Apr 2020101.3115.9
Mar 2020101.1114.7
Feb 202099.5114.0
Jan 202099.3112.7
Dec 201995.4113.4
Nov 201996.5112.8
Oct 201998.5112.5
Sep 201997.6112.3
Aug 201995.8112.4
Jul 201997.6112.5
Jun 201997.1110.8
May 201993.1108.2
Apr 201991.8105.9
Mar 201994.3104.7
Feb 201999.5103.4
Jan 2019100.7102.3
Dec 201896.9102.0
Nov 201897.6101.2
Oct 2018100.0100.0

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
October 2018December 2018−3.1%21
January 2019April 2019−8.9%311
May 2020March 2021−10.2%108
December 2021May 2022−10.1%52
August 2022June 2023−15.8%104
March 2024May 2024−5.0%25
December 2024April 2025−4.1%42
October 2025June 2026−9.9%8Not yet

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 Alter do Chão

Next 12 months

Asking prices have an 80% chance of landing between €667/m² and €893/m² by September 2027.

Expected, September 2027
€780/m²
Chance of a rise
49%

Affordability

At the median sale price, a 90 m² home costs €43,920. With 10% down and a 30-year mortgage, the payment is €167 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
7%
Payment, one income
14%

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
€329
Owning per month
€154

New homes

107.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
5
Per 1,000 residents
1.6

Foreign buyers

Figures for Alto Alentejo: Alter do Chão has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 24.0% more per m² than buyers living in Portugal.

Abroad against residents
+24.0%

People and new homes

In 2025 the population grew by 20 while 3 homes were finished: 6.7 new residents for every new home.

New residents per new home, 2025
6.7
Population change, 2025
+20

Empty homes

19.0% of the 3,009 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
19.0%
Empty homes
571

Renovation

In 2025, 43% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
43%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €98.7K of housing works here in 2022, and €1.1M since 2012.

Signed in 2022
€98.7K
Per resident, 2022
€31

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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