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Área Metropolitana do Porto · report

New homes in Área Metropolitana do Porto

77.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
10,846
Per 1,000 residents
5.8

Homes licensed for construction in Área Metropolitana do Porto

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

  • Área Metropolitana do Porto
  • Ten-year average
Show the numbers
PeriodÁrea Metropolitana do Porto
Aug 202610,846
Jul 202610,538
Jun 202610,675
May 202610,532
Apr 202610,212
Mar 202610,363
Feb 202610,118
Jan 20269,909
Dec 20259,720
Nov 20259,716
Oct 20259,808
Sep 20259,707
Aug 20259,613
Jul 20259,261
Jun 20259,086
May 20259,151
Apr 20259,617
Mar 20259,038
Feb 20259,039
Jan 20258,960
Dec 20249,001
Nov 20248,963
Oct 20248,517
Sep 20248,592
Aug 20248,828
Jul 20248,711
Jun 20248,552
May 20248,499
Apr 20247,868
Mar 20248,030
Feb 20248,513
Jan 20248,375
Dec 20238,476
Nov 20238,505
Oct 20238,406
Sep 20237,962
Aug 20237,579
Jul 20237,491
Jun 20237,931
May 20237,648
Apr 20237,489
Mar 20237,669
Feb 20237,388
Jan 20237,713
Dec 20227,474
Nov 20227,351
Oct 20227,318
Sep 20227,483
Aug 20227,070
Jul 20227,416
Jun 20227,546
May 20227,523
Apr 20227,490
Mar 20227,206
Feb 20226,973
Jan 20226,511
Dec 20216,665
Nov 20216,817
Oct 20216,816
Jul 20216,629
Apr 20216,026
Jan 20215,872
Oct 20205,455
Sep 20205,584
Aug 20205,691
Jul 20205,518
Jun 20205,320
May 20205,160
Apr 20205,180
Mar 20205,077
Feb 20204,848
Jan 20204,873
Dec 20194,871
Nov 20194,987
Oct 20194,839
Sep 20194,565
Aug 20194,240
Jul 20194,120
Jun 20194,085
May 20194,092
Apr 20193,974
Mar 20193,840
Feb 20194,063
Jan 20194,014
Dec 20183,751
Nov 20183,412
Oct 20183,245
Sep 20183,131
Aug 20183,075
Jul 20182,905
Jun 20182,782
May 20182,636
Apr 20182,531
Mar 20182,541
Feb 20182,215
Jan 20181,985
Dec 20172,074
Nov 20172,064
Oct 20172,012
Sep 20171,859
Aug 20171,875
Jul 20171,906
Jun 20171,934
May 20171,862
Apr 20171,814
Mar 20171,792
Feb 20171,647
Jan 20171,568
Dec 20161,472
Nov 20161,422
Oct 20161,388
Sep 20161,393
Aug 20161,298
Jul 20161,216
Jun 20161,164
May 20161,089
Apr 2016998
Mar 2016965
Feb 20161,014
Jan 2016980
Dec 20151,030
Nov 20151,037
Oct 2015950
Sep 2015945
Aug 2015975
Jul 2015945
Jun 2015913
May 2015918
Apr 2015840
Mar 2015806
Feb 2015806
Jan 2015816
Dec 2014719
Nov 2014718
Oct 2014716
Sep 2014681
Aug 2014716
Jul 2014712
Jun 2014870
May 2014919
Apr 2014875
Mar 2014972
Feb 20141,011
Jan 2014921
Dec 20131,073
Nov 20131,086
Oct 20131,019
Sep 20131,178
Aug 20131,187
Jul 20131,160
Jun 20131,096
May 20131,098
Apr 20131,156
Mar 20131,247
Feb 20131,326
Jan 20131,356
Dec 20121,507
Nov 20121,553
Oct 20121,578
Sep 20121,613
Aug 20121,747
Jul 20121,773
Jun 20121,806
May 20121,936
Apr 20121,960
Mar 20122,005
Feb 20122,040
Jan 20122,141
Dec 20112,149
Nov 20112,256
Oct 20112,395
Sep 20112,229
Aug 20112,007

Homes finished and licensed each year in Área Metropolitana do Porto

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
20256,1849,720
20245,8048,915
20235,0278,494
20223,7437,474
20214,0236,665
20203,1445,749
20191,5424,843
20181,4963,753
20178262,065
20161,1111,457
20158291,044
20141,192727
20131,8331,047
20122,5001,514
20113,4512,147
Homes finished per 1,000 residents, 2025
3.3

Who built the homes finished in Área Metropolitana do Porto

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
202578.8%21.2%0.0%0.0%6,184
202477.9%21.8%0.0%0.2%5,804
202374.0%25.5%0.4%0.1%5,027
202263.9%35.9%0.1%0.1%3,743
202162.8%34.0%3.1%0.0%4,023
202067.7%31.9%0.4%0.0%3,144
201952.4%47.5%0.1%0.0%1,542
201855.3%42.2%2.4%0.0%1,496
201744.2%55.6%0.2%0.0%826
201654.4%42.0%3.6%0.0%1,111
201542.1%53.1%4.8%0.0%829
201436.2%55.7%8.0%0.1%1,192
201346.2%51.8%1.1%1.0%1,833
201235.3%56.8%6.4%1.5%2,500
201150.6%43.3%5.1%0.9%3,451

Homes finished in Área Metropolitana do Porto, 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
202528.9%30.9%33.0%7.2%6,184
202427.1%29.9%35.5%7.5%5,804
202328.8%26.0%38.9%6.3%5,027
202223.0%24.8%44.2%8.0%3,743
202128.8%24.9%37.5%8.7%4,023
202025.0%23.3%42.4%9.4%3,144
201918.1%21.2%48.8%11.9%1,542
201813.8%28.5%47.0%10.7%1,496
201710.9%23.4%52.8%13.0%826
201616.9%27.1%45.5%10.4%1,111
201511.1%23.6%48.7%16.5%829
20146.0%17.5%51.3%25.3%1,192
201311.4%21.5%45.5%21.5%1,833
20126.9%23.6%47.6%22.0%2,500
20118.9%25.0%49.7%16.4%3,451

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 Área Metropolitana do Porto

Next 12 months

Bank valuations have an 80% chance of landing between €2,581/m² and €2,770/m² by September 2027.

Expected, September 2027
€2,675/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €209,250. With 10% down and a 30-year mortgage, the payment is €794 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
31%
Payment, one income
62%

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
€948
Owning per month
€789

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 31.6% more per m² than buyers living in Portugal.

Abroad against residents
+31.6%

Past cycles

Bank valuations have fallen by 3% or more once since 2011. That fall began in April 2011.

Deepest fall
−16.6%
Recovery from the low
45 months

People and new homes

In 2025 the population grew by 5,507 while 6,184 homes were finished: 0.9 new residents for every new home.

New residents per new home, 2025
0.9
Population change, 2025
+5,507

Renovation

In 2025, 22% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
22%
Reconstructions per 100 new buildings
0.4

Public housing works

Public bodies signed €134.8M of housing works here in 2025, and €518M since 2012.

Signed in 2025
€134.8M
Per resident, 2025
€72

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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