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Caldas da Rainha · report

New homes in Caldas da Rainha

59.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
418
Per 1,000 residents
7.1

Homes licensed for construction in Caldas da Rainha

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

  • Caldas da Rainha
  • Ten-year average
Show the numbers
PeriodCaldas da Rainha
Aug 2026418
Jul 2026429
Jun 2026436
May 2026423
Apr 2026421
Mar 2026384
Feb 2026390
Jan 2026403
Dec 2025378
Nov 2025362
Oct 2025331
Sep 2025344
Aug 2025342
Jul 2025316
Jun 2025321
May 2025335
Apr 2025327
Mar 2025328
Feb 2025305
Jan 2025294
Dec 2024306
Nov 2024299
Oct 2024259
Sep 2024244
Aug 2024263
Jul 2024278
Jun 2024255
May 2024243
Apr 2024251
Mar 2024256
Feb 2024271
Jan 2024277
Dec 2023266
Nov 2023266
Oct 2023284
Sep 2023294
Aug 2023293
Jul 2023280
Jun 2023306
May 2023311
Apr 2023321
Mar 2023388
Feb 2023371
Jan 2023356
Dec 2022380
Nov 2022377
Oct 2022362
Sep 2022351
Aug 2022344
Jul 2022344
Jun 2022325
May 2022324
Apr 2022319
Mar 2022257
Feb 2022267
Jan 2022270
Dec 2021246
Nov 2021239
Oct 2021228
Jul 2021230
Apr 2021234
Jan 2021213
Oct 2020268
Sep 2020274
Aug 2020271
Jul 2020259
Jun 2020281
May 2020280
Apr 2020259
Mar 2020333
Feb 2020317
Jan 2020308
Dec 2019261
Nov 2019260
Oct 2019262
Sep 2019259
Aug 2019265
Jul 2019283
Jun 2019256
May 2019266
Apr 2019256
Mar 2019188
Feb 2019187
Jan 2019207
Dec 2018200
Nov 2018205
Oct 2018198
Sep 2018185
Aug 2018179
Jul 2018160
Jun 2018170
May 2018150
Apr 2018150
Mar 2018146
Feb 2018145
Jan 2018120
Dec 2017126
Nov 2017135
Oct 2017126
Sep 2017129
Aug 2017128
Jul 2017122
Jun 2017123
May 2017138
Apr 2017136
Mar 2017127
Feb 2017129
Jan 2017129
Dec 2016125
Nov 2016118
Oct 2016108
Sep 2016108
Aug 201696
Jul 201695
Jun 201695
May 201680
Apr 201679
Mar 201684
Feb 201683
Jan 201683
Dec 201584
Nov 201572
Oct 201575
Sep 201573
Aug 201583
Jul 201584
Jun 201571
May 201569
Apr 201568
Mar 201569
Feb 201579
Jan 201579
Dec 201475
Nov 201477
Oct 201478
Sep 201468
Aug 201454
Jul 201453
Jun 201457
May 201461
Apr 201464
Mar 201458
Feb 201442
Jan 201441
Dec 201341
Nov 201338
Oct 201336
Sep 201342
Aug 201342
Jul 201341
Jun 201341
May 201345
Apr 201397
Mar 201398
Feb 2013105
Jan 2013108
Dec 2012117
Nov 2012126
Oct 2012127
Sep 2012130
Aug 2012154
Jul 2012156
Jun 2012152
May 2012147
Apr 2012101
Mar 2012122
Feb 2012123
Jan 2012125
Dec 2011121
Nov 2011126
Oct 2011129
Sep 2011118
Aug 201192

Homes finished and licensed each year in Caldas da Rainha

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
2025261378
2024263306
2023236266
2022155380
2021175246
2020230247
2019148261
2018115200
201786126
201649125
20157084
20147675
20136441
201297117
2011178121
Homes finished per 1,000 residents, 2025
4.4

Who built the homes finished in Caldas da Rainha

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
202566.3%33.3%0.4%0.0%261
202458.9%40.7%0.0%0.4%263
202353.0%45.8%1.3%0.0%236
202254.2%45.2%0.6%0.0%155
202154.9%44.6%0.6%0.0%175
202063.5%36.1%0.4%0.0%230
201960.8%39.2%0.0%0.0%148
201853.0%47.0%0.0%0.0%115
201759.3%40.7%0.0%0.0%86
201628.6%71.4%0.0%0.0%49
201542.9%55.7%1.4%0.0%70
201428.9%71.1%0.0%0.0%76
201328.1%71.9%0.0%0.0%64
201244.3%55.7%0.0%0.0%97
201166.3%33.7%0.0%0.0%178

Homes finished in Caldas da Rainha, 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
202510.0%16.1%55.6%18.4%261
20242.3%19.8%53.2%24.7%263
20233.0%18.2%51.7%27.1%236
20220.0%15.5%63.2%21.3%155
20212.3%11.4%65.1%21.1%175
20207.8%14.8%57.8%19.6%230
201910.1%12.8%49.3%27.7%148
20182.6%7.0%72.2%18.3%115
20173.5%20.9%53.5%22.1%86
20168.2%18.4%55.1%18.4%49
20154.3%21.4%60.0%14.3%70
201418.4%18.4%47.4%15.8%76
20137.8%40.6%21.9%29.7%64
201211.3%18.6%46.4%23.7%97
201158.4%9.6%20.8%11.2%178

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 Caldas da Rainha

Next 12 months

Asking prices have an 80% chance of landing between €2,365/m² and €2,694/m² by September 2027.

Expected, September 2027
€2,530/m²
Chance of a rise
93%

Affordability

At the bank valuation, a 90 m² home costs €181,620. With 10% down and a 30-year mortgage, the payment is €689 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
29%
Payment, one income
58%

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
€758
Owning per month
€691

Asking against valuation

Sellers ask 15.9% more than banks value homes at. A year ago the gap was +19.6%.

Gap today
+15.9%
Change in a year
−3.7 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 18.4% more per m² than buyers living in Portugal.

Abroad against residents
+18.4%

Past cycles

Bank valuations have fallen by 3% or more 13 times since 2014. The deepest began in October 2018.

Deepest fall
−10.2%
Recovery from the low
8 months

People and new homes

In 2025 the population grew by 284 while 261 homes were finished: 1.1 new residents for every new home.

New residents per new home, 2025
1.1
Population change, 2025
+284

Empty homes

15.1% of the 31,590 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
15.1%
Empty homes
4,761

Renovation

In 2025, 0% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
0%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €27K of housing works here in 2023, and €302.3K since 2012.

Signed in 2023
€27K
Per resident, 2023
€0

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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