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Setúbal district · report

Past price cycles in Setúbal district

Asking prices have fallen by 3% or more once since 2015. That fall began in July 2015.

Deepest fall
−6.4%
Recovery from the low
9 months

Prices in Setúbal district and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Setúbal district
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodSetúbal districtPortugal
Sep 2026365.8320.6
Aug 2026364.4318.5
Jul 2026361.2318.8
Jun 2026357.8318.9
May 2026355.1317.6
Apr 2026354.6317.6
Mar 2026353.5315.2
Feb 2026351.0311.9
Jan 2026348.0309.0
Dec 2025344.1305.9
Nov 2025339.7304.2
Oct 2025336.5300.2
Sep 2025332.9297.2
Aug 2025328.7296.2
Jul 2025325.1295.1
Jun 2025315.8291.8
May 2025307.9287.1
Apr 2025300.9284.7
Mar 2025294.2281.2
Feb 2025289.6277.6
Jan 2025285.8273.4
Dec 2024282.5270.1
Nov 2024277.6265.9
Oct 2024274.0263.2
Sep 2024271.8261.8
Aug 2024269.5260.8
Jul 2024267.9260.6
Jun 2024266.9258.4
May 2024265.6257.0
Apr 2024263.0253.3
Mar 2024261.2251.4
Feb 2024260.6249.5
Jan 2024257.0248.1
Dec 2023253.7245.0
Nov 2023254.3242.8
Oct 2023252.5239.1
Sep 2023252.9237.3
Aug 2023251.5236.8
Jul 2023249.5237.6
Jun 2023245.0237.4
May 2023241.9235.3
Apr 2023240.3234.3
Mar 2023238.4232.1
Feb 2023236.7230.9
Jan 2023235.2229.4
Dec 2022234.6228.3
Nov 2022234.1227.8
Oct 2022231.3224.3
Sep 2022228.5223.0
Aug 2022226.4222.6
Jul 2022223.6222.3
Jun 2022218.3222.2
May 2022214.3221.9
Apr 2022208.6220.8
Mar 2022206.1220.9
Feb 2022203.8219.9
Jan 2022201.8218.9
Dec 2021199.9218.7
Nov 2021197.5218.1
Oct 2021194.8216.8
Sep 2021193.2214.2
Aug 2021191.9213.3
Jul 2021190.0212.5
Jun 2021187.6210.6
May 2021185.3209.3
Apr 2021183.3208.2
Mar 2021181.0208.1
Feb 2021179.7207.4
Jan 2021178.3207.9
Dec 2020176.0206.7
Nov 2020175.7205.0
Oct 2020174.9202.4
Sep 2020173.8200.1
Aug 2020174.0199.0
Jul 2020171.7197.8
Jun 2020173.2198.8
May 2020171.9199.6
Apr 2020169.8200.6
Mar 2020168.3198.6
Feb 2020166.0197.3
Jan 2020163.9195.0
Dec 2019161.7196.3
Nov 2019159.7195.2
Oct 2019158.8194.7
Sep 2019157.2194.4
Aug 2019155.7194.6
Jul 2019153.6194.7
Jun 2019151.9191.8
May 2019149.5187.3
Apr 2019146.4183.2
Mar 2019145.2181.2
Feb 2019144.0178.9
Jan 2019141.6177.1
Dec 2018141.4176.6
Nov 2018140.5175.2
Oct 2018139.2173.1
Sep 2018135.5169.1
Aug 2018132.6165.9
Jul 2018131.1165.4
Jun 2018129.1161.8
May 2018127.5160.3
Apr 2018124.7156.9
Mar 2018123.1155.3
Feb 2018123.0154.6
Jan 2018121.2152.2
Dec 2017119.9152.6
Nov 2017118.6150.8
Oct 2017117.4148.7
Sep 2017115.6145.5
Aug 2017114.6143.5
Jul 2017113.5141.0
Jun 2017112.2139.1
May 2017111.1135.9
Apr 2017111.0135.7
Mar 2017110.4134.3
Feb 2017109.9132.1
Jan 2017109.1130.5
Dec 2016107.3129.4
Nov 2016107.4128.6
Oct 2016106.1126.0
Sep 2016105.0122.5
Aug 2016103.5119.3
Jul 2016102.2115.2
Jun 2016102.8115.1
May 2016100.7113.9
Apr 2016100.3113.2
Mar 2016100.6114.2
Feb 201699.3113.9
Jan 201697.9112.6
Dec 201597.9110.6
Nov 201598.5108.8
Oct 2015100.8108.2
Sep 2015104.4107.5
Aug 2015104.4106.6
Jul 2015104.6105.7
Jun 2015104.3106.1
May 2015102.2103.7
Apr 2015101.4101.7
Mar 2015101.5101.0
Feb 2015100.4100.0
Jan 2015100.0100.0

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 2015December 2015−6.4%59

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 Setúbal district

Next 12 months

Asking prices have an 80% chance of landing between €3,563/m² and €3,995/m² by September 2027.

Expected, September 2027
€3,779/m²
Chance of a rise
96%

Affordability

Figures for Portugal: Setúbal 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%

Buy or rent

Figures for Portugal: Setúbal 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

New homes

29.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
3,029
Per 1,000 residents
3.0

Foreign buyers

Figures for Portugal: Setúbal 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%

People and new homes

In 2025 the population grew by 10,012 while 2,535 homes were finished: 3.9 new residents for every new home.

New residents per new home, 2025
3.9
Population change, 2025
+10,012

Empty homes

10.1% of the 477,444 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.1%
Empty homes
48,320

Renovation

In 2025, 6% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
6%
Reconstructions per 100 new buildings
0.3

Public housing works

Public bodies signed €76.9M of housing works here in 2025, and €170.1M since 2012.

Signed in 2025
€76.9M
Per resident, 2025
€76

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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