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Braga · report

Past price cycles in Braga

Bank valuations have fallen by 3% or more 5 times since 2011. The deepest began in January 2012.

Deepest fall
−24.4%
Recovery from the low
49 months

Prices in Braga and Portugal, indexed

Bank valuations, both set to 100 in January 2011.

  • Braga
  • Portugal
  • 100 = January 2011
Show the numbers
PeriodBragaPortugal
Sep 2026311.1259.7
Aug 2026310.8257.0
Jul 2026312.6255.4
Jun 2026307.6254.0
May 2026302.0251.8
Apr 2026288.3247.9
Mar 2026287.4245.3
Feb 2026284.8242.0
Jan 2026283.4240.0
Dec 2025280.1237.3
Nov 2025277.9234.9
Oct 2025272.5230.9
Sep 2025266.5227.5
Aug 2025260.1224.1
Jul 2025260.1221.8
Jun 2025261.5217.9
May 2025261.2215.1
Apr 2025255.4212.8
Mar 2025248.9210.6
Feb 2025241.2206.4
Jan 2025238.7202.3
Dec 2024235.2199.2
Nov 2024234.1198.4
Oct 2024232.3196.2
Sep 2024230.4193.3
Aug 2024229.4189.7
Jul 2024227.4186.8
Jun 2024228.2184.5
May 2024224.8183.6
Apr 2024223.9182.0
Mar 2024218.1180.2
Feb 2024213.5177.9
Jan 2024210.0176.7
Dec 2023207.3175.1
Nov 2023206.5174.5
Oct 2023199.4175.1
Sep 2023197.9175.7
Aug 2023195.4175.4
Jul 2023199.8173.9
Jun 2023202.4173.1
May 2023198.2172.2
Apr 2023190.4170.0
Mar 2023192.2169.1
Feb 2023194.5168.5
Jan 2023197.7169.3
Dec 2022190.9166.2
Nov 2022191.3165.2
Oct 2022189.0161.9
Sep 2022191.8162.9
Aug 2022187.1161.2
Jul 2022187.8161.6
Jun 2022184.8160.4
May 2022183.1157.4
Apr 2022179.0154.6
Mar 2022177.0151.8
Feb 2022177.0149.8
Jan 2022176.9147.3
Dec 2021172.6146.5
Nov 2021167.4145.0
Oct 2021160.7142.6
Sep 2021163.8140.9
Aug 2021163.6139.2
Jul 2021161.2139.2
Jun 2021158.6138.5
May 2021156.6138.2
Apr 2021155.7136.8
Mar 2021155.1135.3
Feb 2021153.9133.9
Jan 2021153.9133.4
Dec 2020153.1131.8
Nov 2020152.2130.4
Oct 2020151.9129.0
Sep 2020150.5128.6
Aug 2020149.2128.6
Jul 2020149.2128.5
Jun 2020149.9127.6
May 2020148.7127.0
Apr 2020146.9126.7
Mar 2020147.8126.6
Feb 2020146.1126.7
Jan 2020144.9125.8
Dec 2019142.5124.4
Nov 2019142.0122.7
Oct 2019142.0121.9
Sep 2019140.5121.6
Aug 2019138.8120.2
Jul 2019138.7119.0
Jun 2019138.8117.4
May 2019140.9116.6
Apr 2019140.3115.7
Mar 2019135.9114.7
Feb 2019131.5114.0
Jan 2019127.1112.1
Dec 2018123.9111.4
Nov 2018121.8110.4
Oct 2018121.9110.3
Sep 2018126.9109.4
Aug 2018125.9108.4
Jul 2018124.0107.3
Jun 2018119.8106.3
May 2018116.0105.9
Apr 2018113.2105.4
Mar 2018113.4104.9
Feb 2018113.9103.9
Jan 2018112.9102.9
Dec 2017113.7101.6
Nov 2017112.8101.4
Oct 2017114.8101.0
Sep 2017112.8100.5
Aug 2017113.599.0
Jul 2017110.598.2
Jun 2017109.798.1
May 2017109.997.7
Apr 2017107.697.4
Mar 2017106.496.8
Feb 2017104.196.6
Jan 2017105.695.9
Dec 2016105.295.0
Nov 2016102.994.2
Oct 2016101.293.5
Sep 201698.593.0
Aug 2016100.592.8
Jul 2016103.791.9
Jun 2016104.991.6
May 2016102.991.2
Apr 201698.590.5
Mar 201695.389.9
Feb 201695.089.5
Jan 201697.989.5
Dec 2015100.389.9
Nov 2015102.189.3
Oct 2015102.188.9
Sep 2015101.288.6
Aug 201598.388.3
Jul 201595.788.5
Jun 201593.987.7
May 201591.987.6
Apr 201591.886.7
Mar 201590.986.2
Feb 201594.586.2
Jan 201592.286.2
Dec 201492.285.6
Nov 201493.685.6
Oct 201496.286.2
Sep 201499.788.0
Aug 2014100.688.4
Jul 201499.887.0
Jun 201498.585.3
May 201494.884.2
Apr 201494.183.9
Mar 201494.784.3
Feb 201495.185.7
Jan 201495.486.7
Dec 201394.787.0
Nov 201394.186.9
Oct 201388.787.2
Sep 201387.187.0
Aug 201386.986.8
Jul 201385.586.5
Jun 201388.687.1
May 201396.886.4
Apr 201397.985.3
Mar 201396.384.6
Feb 201395.685.1
Jan 2013100.586.5
Dec 201298.987.8
Nov 201298.088.3
Oct 2012101.788.7
Sep 2012106.189.4
Aug 2012106.889.4
Jul 2012107.589.7
Jun 2012107.390.2
May 2012108.291.2
Apr 2012104.192.8
Mar 2012105.892.5
Feb 2012108.792.4
Jan 2012113.192.2
Dec 2011108.893.3
Nov 2011109.694.5
Oct 201197.995.0
Sep 2011104.096.2
Aug 2011104.497.1
Jul 2011109.997.9
Jun 2011108.199.4
May 2011105.2101.4
Apr 2011104.9102.6
Mar 2011104.1102.4
Feb 2011104.7101.1
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
July 2011October 2011−10.9%33
January 2012July 2013−24.4%1849
September 2018November 2018−4.1%22
January 2023April 2023−3.7%31
June 2023August 2023−3.5%23

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 Braga

Next 12 months

Asking prices have an 80% chance of landing between €2,595/m² and €2,881/m² by September 2027.

Expected, September 2027
€2,738/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €183,960. With 10% down and a 30-year mortgage, the payment is €698 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
26%
Payment, one income
51%

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
€781
Owning per month
€694

Asking against valuation

Sellers ask 17.2% more than banks value homes at. A year ago the gap was +21.5%.

Gap today
+17.2%
Change in a year
−4.3 pp

New homes

6.5% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
808
Per 1,000 residents
3.8

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 16.2% more per m² than buyers living in Portugal.

Abroad against residents
+16.2%

People and new homes

In 2025 the population grew by 255 while 1,011 homes were finished: 0.3 new residents for every new home.

New residents per new home, 2025
0.3
Population change, 2025
+255

Empty homes

8.8% of the 88,623 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
8.8%
Empty homes
7,772

Renovation

In 2025, 11% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
11%
Reconstructions per 100 new buildings
5.0

Public housing works

Public bodies signed €2.4M of housing works here in 2025, and €16.2M since 2012.

Signed in 2025
€2.4M
Per resident, 2025
€11

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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