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Covilhã · report

New homes in Covilhã

74.5% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
253
Per 1,000 residents
5.0

Homes licensed for construction in Covilhã

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

  • Covilhã
  • Ten-year average
Show the numbers
PeriodCovilhã
Aug 2026253
Jul 2026268
Jun 2026242
May 2026236
Apr 2026223
Mar 2026226
Feb 2026203
Jan 2026184
Dec 2025251
Nov 2025256
Oct 2025215
Sep 2025263
Aug 2025246
Jul 2025252
Jun 2025248
May 2025263
Apr 2025268
Mar 2025260
Feb 2025260
Jan 2025251
Dec 2024182
Nov 2024181
Oct 2024162
Sep 2024113
Aug 2024121
Jul 2024114
Jun 202460
May 202488
Apr 202485
Mar 202425
Feb 202496
Jan 2024201
Dec 2023176
Nov 2023216
Oct 2023230
Sep 2023199
Aug 2023192
Jul 2023271
Jun 2023277
May 2023222
Apr 2023283
Mar 2023297
Feb 2023210
Jan 2023150
Dec 2022154
Nov 202292
Oct 2022134
Sep 2022139
Aug 2022117
Jul 202263
Jun 202282
May 202284
Apr 202263
Mar 202292
Feb 202292
Jan 202291
Dec 202193
Nov 202193
Oct 202174
Jul 202190
Apr 202170
Jan 202149
Oct 202070
Sep 202082
Aug 202078
Jul 202075
Jun 202074
May 202080
Apr 2020126
Mar 2020130
Feb 2020132
Jan 2020129
Dec 2019106
Nov 2019104
Oct 2019133
Sep 2019122
Aug 2019122
Jul 2019158
Jun 2019155
May 2019180
Apr 2019138
Mar 2019136
Feb 2019132
Jan 2019144
Dec 2018153
Nov 2018152
Oct 2018123
Sep 2018139
Aug 2018140
Jul 2018100
Jun 2018104
May 201894
Apr 201890
Mar 201860
Feb 2018116
Jan 201880
Dec 201763
Nov 2017164
Oct 2017146
Sep 201795
Aug 2017148
Jul 2017121
Jun 201788
May 2017126
Apr 2017101
Mar 201788
Feb 2017116
Jan 201795
Dec 201674
Nov 201675
Oct 201641
Sep 201649
Aug 201678
Jul 201649
Jun 201643
May 201667
Apr 201638
Mar 201646
Feb 201652
Jan 201644
Dec 201540
Nov 201526
Oct 201526
Sep 201516
Aug 201519
Jul 201521
Jun 201523
May 201523
Apr 201526
Mar 201552
Feb 201549
Jan 201548
Dec 201446
Nov 201445
Oct 201444
Sep 201442
Aug 201444
Jul 201445
Jun 201442
May 201446
Apr 201445
Mar 201419
Feb 201419
Jan 201419
Dec 201320
Nov 201320
Oct 201322
Sep 201324
Aug 201323
Jul 201321
Jun 201320
May 201320
Apr 201318
Mar 201319
Feb 201320
Jan 201322
Dec 201225
Nov 201235
Oct 201244
Sep 201241
Aug 201243
Jul 201242
Jun 201253
May 201258
Apr 201283
Mar 201283
Feb 201293
Jan 201294
Dec 201190
Nov 201184
Oct 201174
Sep 201173
Aug 201170

Homes finished and licensed each year in Covilhã

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
2025220251
2024129182
202376206
2022116125
20217793
20205369
201982106
201872153
20175891
20164184
20151943
20141446
20136320
20125825
20117890
Homes finished per 1,000 residents, 2025
4.3

Who built the homes finished in Covilhã

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
202590.9%9.1%0.0%0.0%220
202469.0%31.0%0.0%0.0%129
202378.9%21.1%0.0%0.0%76
202273.3%26.7%0.0%0.0%116
202170.1%29.9%0.0%0.0%77
202073.6%26.4%0.0%0.0%53
201980.5%19.5%0.0%0.0%82
201883.3%16.7%0.0%0.0%72
201770.7%29.3%0.0%0.0%58
201668.3%31.7%0.0%0.0%41
201526.3%73.7%0.0%0.0%19
20140.0%100.0%0.0%0.0%14
201320.6%79.4%0.0%0.0%63
201213.8%70.7%15.5%0.0%58
201119.2%80.8%0.0%0.0%78

Homes finished in Covilhã, 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
202530.5%26.4%26.4%16.8%220
20241.6%30.2%48.8%19.4%129
202336.8%27.6%19.7%15.8%76
202211.2%13.8%54.3%20.7%116
20216.5%10.4%59.7%23.4%77
202011.3%3.8%67.9%17.0%53
201924.4%13.4%45.1%17.1%82
201822.2%37.5%19.4%20.8%72
201729.3%13.8%39.7%17.2%58
201619.5%34.1%31.7%14.6%41
20155.3%5.3%31.6%57.9%19
20147.1%7.1%42.9%42.9%14
201311.1%39.7%23.8%25.4%63
201220.7%8.6%31.0%39.7%58
20113.8%14.1%43.6%38.5%78

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 Covilhã

Next 12 months

Asking prices have an 80% chance of landing between €1,304/m² and €1,733/m² by September 2027.

Expected, September 2027
€1,518/m²
Chance of a rise
79%

Affordability

At the bank valuation, a 90 m² home costs €128,160. With 10% down and a 30-year mortgage, the payment is €486 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
20%
Payment, one income
41%

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
€561
Owning per month
€355

Asking against valuation

Sellers ask 2.7% less than banks value homes at. A year ago the gap was +1.3%.

Gap today
−2.7%
Change in a year
−4.0 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 56.8% less per m² than buyers living in Portugal.

Abroad against residents
−56.8%

Past cycles

Bank valuations have fallen by 3% or more 11 times since 2014. The deepest began in May 2015.

Deepest fall
−18.7%
Recovery from the low
21 months

People and new homes

In 2025 the population grew by 144 while 220 homes were finished: 0.7 new residents for every new home.

New residents per new home, 2025
0.7
Population change, 2025
+144

Empty homes

15.4% of the 35,628 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
15.4%
Empty homes
5,471

Renovation

In 2025, 13% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
13%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €516K of housing works here in 2025, and €5.2M since 2012.

Signed in 2025
€516K
Per resident, 2025
€10

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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