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Chaves · report

New homes in Chaves

1.0% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
81
Per 1,000 residents
2.1

Homes licensed for construction in Chaves

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

  • Chaves
  • Ten-year average
Show the numbers
PeriodChaves
Aug 202681
Jul 202684
Jun 202682
May 2026103
Apr 2026104
Mar 202697
Feb 202694
Jan 202698
Dec 2025105
Nov 2025117
Oct 2025114
Sep 2025115
Aug 2025108
Jul 2025110
Jun 2025118
May 202594
Apr 2025118
Mar 2025110
Feb 2025106
Jan 2025106
Dec 2024101
Nov 202491
Oct 202495
Sep 2024103
Aug 2024100
Jul 202497
Jun 202493
May 202497
Apr 202472
Mar 202472
Feb 202474
Jan 202471
Dec 202367
Nov 202372
Oct 202374
Sep 202367
Aug 202373
Jul 202375
Jun 202376
May 202373
Apr 2023107
Mar 2023108
Feb 2023115
Jan 2023117
Dec 2022123
Nov 2022120
Oct 2022119
Sep 2022123
Aug 2022119
Jul 2022118
Jun 2022118
May 2022121
Apr 202287
Mar 202292
Feb 202288
Jan 202289
Dec 202186
Nov 2021106
Oct 2021108
Jul 2021109
Apr 2021109
Jan 2021117
Oct 202096
Sep 202096
Aug 202099
Jul 2020106
Jun 2020100
May 2020100
Apr 2020102
Mar 2020104
Feb 2020102
Jan 202082
Dec 201981
Nov 201982
Oct 201975
Sep 201972
Aug 201967
Jul 201959
Jun 201954
May 201955
Apr 201953
Mar 201949
Feb 201949
Jan 201949
Dec 201849
Nov 201845
Oct 201850
Sep 201848
Aug 201844
Jul 201843
Jun 201841
May 201837
Apr 201847
Mar 201849
Feb 201846
Jan 201846
Dec 201741
Nov 201741
Oct 201738
Sep 201741
Aug 201745
Jul 201745
Jun 201747
May 201747
Apr 201736
Mar 201733
Feb 201733
Jan 201731
Dec 201631
Nov 201631
Oct 201631
Sep 201625
Aug 201620
Jul 201619
Jun 201618
May 201663
Apr 201662
Mar 201665
Feb 201670
Jan 201672
Dec 201573
Nov 201573
Oct 201571
Sep 201573
Aug 201573
Jul 201574
Jun 201576
May 201536
Apr 201542
Mar 201524
Feb 201542
Jan 201542
Dec 201423
Nov 201442
Oct 201448
Sep 201426
Aug 201447
Jul 201444
Jun 201434
May 201449
Apr 201445
Mar 201441
Feb 201438
Jan 201438
Dec 201339
Nov 201338
Oct 201334
Sep 201335
Aug 201335
Jul 201338
Jun 201333
May 201334
Apr 201337
Mar 201338
Feb 201340
Jan 201342
Dec 201237
Nov 201241
Oct 201241
Sep 201246
Aug 201247
Jul 201246
Jun 201242
May 201241
Apr 201241
Mar 201240
Feb 201241
Jan 201246
Dec 201149
Nov 201151
Oct 201153
Sep 201147
Aug 201144

Homes finished and licensed each year in Chaves

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
202567105
202477101
20237467
202275123
20215986
202040117
20193181
20187249
20172741
20162631
20154573
20142036
20132939
20125137
20115249
Homes finished per 1,000 residents, 2025
1.8

Who built the homes finished in Chaves

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
202537.3%62.7%0.0%0.0%67
202433.8%66.2%0.0%0.0%77
202312.2%87.8%0.0%0.0%74
202238.7%61.3%0.0%0.0%75
202125.4%74.6%0.0%0.0%59
202010.0%90.0%0.0%0.0%40
20196.5%93.5%0.0%0.0%31
201855.6%44.4%0.0%0.0%72
20170.0%100.0%0.0%0.0%27
20160.0%100.0%0.0%0.0%26
20150.0%100.0%0.0%0.0%45
201410.0%90.0%0.0%0.0%20
20130.0%100.0%0.0%0.0%29
20122.0%98.0%0.0%0.0%51
201126.9%73.1%0.0%0.0%52

Homes finished in Chaves, 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
20256.0%14.9%61.2%17.9%67
20245.2%13.0%59.7%22.1%77
20239.5%14.9%64.9%10.8%74
20220.0%2.7%90.7%6.7%75
20211.7%22.0%64.4%11.9%59
20200.0%7.5%75.0%17.5%40
20196.5%0.0%71.0%22.6%31
20181.4%13.9%72.2%12.5%72
20177.4%11.1%59.3%22.2%27
20160.0%15.4%73.1%11.5%26
201515.6%11.1%48.9%24.4%45
201415.0%20.0%25.0%40.0%20
20130.0%17.2%48.3%34.5%29
20123.9%5.9%56.9%33.3%51
20110.0%5.8%69.2%25.0%52

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 Chaves

Next 12 months

Asking prices have an 80% chance of landing between €1,094/m² and €1,304/m² by September 2027.

Expected, September 2027
€1,199/m²
Chance of a rise
73%

Affordability

At the bank valuation, a 90 m² home costs €118,260. With 10% down and a 30-year mortgage, the payment is €449 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
20%
Payment, one income
39%

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
€487
Owning per month
€380

Asking against valuation

Sellers ask 12.6% less than banks value homes at. A year ago the gap was +1.4%.

Gap today
−12.6%
Change in a year
−14.1 pp

Foreign buyers

Figures for Alto Tâmega e Barroso: Chaves has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 12.0% less per m² than buyers living in Portugal.

Abroad against residents
−12.0%

Past cycles

Bank valuations have fallen by 3% or more 13 times since 2016. The deepest began in April 2021.

Deepest fall
−16.3%
Recovery from the low
7 months

People and new homes

In 2025 the population grew by 265 while 67 homes were finished: 4.0 new residents for every new home.

New residents per new home, 2025
4.0
Population change, 2025
+265

Empty homes

12.9% of the 28,612 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.9%
Empty homes
3,691

Renovation

In 2025, 2% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
2%
Reconstructions per 100 new buildings
2.2

Public housing works

Public bodies signed €1.6M of housing works here in 2025, and €5M since 2012.

Signed in 2025
€1.6M
Per resident, 2025
€42

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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