Faro district · report
Public housing works in Faro district
Public bodies signed €103M of housing works here in 2025, and €162.4M since 2012.
- Signed in 2025
- €103M
- Per resident, 2025
- €178
Public housing works signed in Faro district
Contracts to build and renovate housing published on Portal BASE, by the year they were signed, before VAT. Complete years only; the data runs to October 22, 2026.
Show the numbers
| Year | Value signed |
|---|---|
| 2025 | €102,973,568 |
| 2024 | €11,799,408 |
| 2023 | €22,588,737 |
| 2022 | €5,272,847 |
| 2021 | €6,958,084 |
| 2020 | €5,959,987 |
| 2019 | €1,004,194 |
| 2018 | €2,090,063 |
| 2017 | €1,119,272 |
| 2016 | €751,780 |
| 2015 | €1,401,951 |
| 2014 | €116,400 |
| 2013 | €213,435 |
| 2012 | €133,430 |
Contracts are placed in a municipality from the place of work they name; one that names several municipalities is split evenly between them. A district or region adds up its municipalities. The value is the price at signing; later changes to it are not added.
Other reports for Faro district
Asking prices have an 80% chance of landing between €4,336/m² and €4,647/m² by September 2027.
- Expected, September 2027
- €4,491/m²
- Chance of a rise
- 99%
Figures for Portugal: Faro district has no reliable figures of its own.
At the bank valuation, a 90 m² home costs €205,020. With 10% down and a 30-year mortgage, the payment is €778 a month. Banco de Portugal caps it at 50% of a household's net income.
- Payment, two incomes
- 31%
- Payment, one income
- 63%
Figures for Portugal: Faro district has no reliable figures of its own.
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
- €878
- Owning per month
- €715
0.1% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 1,611
- Per 1,000 residents
- 2.8
Figures for Portugal: Faro district has no reliable figures of its own.
Over the last 12 months, buyers domiciled abroad paid 33.5% more per m² than buyers living in Portugal.
- Abroad against residents
- +33.5%
In 2025 the population grew by 937 while 1,397 homes were finished: 0.7 new residents for every new home.
- New residents per new home, 2025
- 0.7
- Population change, 2025
- +937
11.9% of the 391,416 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 11.9%
- Empty homes
- 46,752
In 2025, 34% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.
- Work on existing buildings, 2025
- 34%
- Reconstructions per 100 new buildings
- 2.4
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