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Setúbal district · report

New homes in Setúbal district

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

Homes licensed for construction in Setúbal district

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

  • Setúbal district
  • Ten-year average
Show the numbers
PeriodSetúbal district
Aug 20263,029
Jul 20263,037
Jun 20262,900
May 20262,890
Apr 20262,930
Mar 20262,891
Feb 20262,680
Jan 20262,457
Dec 20252,410
Nov 20252,590
Oct 20252,723
Sep 20252,618
Aug 20252,726
Jul 20252,889
Jun 20253,021
May 20253,062
Apr 20252,920
Mar 20252,934
Feb 20252,959
Jan 20252,961
Dec 20243,026
Nov 20243,150
Oct 20243,037
Sep 20242,857
Aug 20242,862
Jul 20242,665
Jun 20242,311
May 20242,489
Apr 20242,525
Mar 20242,444
Feb 20242,648
Jan 20242,573
Dec 20232,413
Nov 20232,373
Oct 20232,311
Sep 20232,483
Aug 20232,549
Jul 20232,609
Jun 20232,777
May 20232,767
Apr 20232,812
Mar 20232,741
Feb 20232,685
Jan 20232,774
Dec 20222,855
Nov 20222,849
Oct 20222,911
Sep 20222,742
Aug 20222,758
Jul 20222,758
Jun 20222,644
May 20222,640
Apr 20222,673
Mar 20222,657
Feb 20222,798
Jan 20222,751
Dec 20212,631
Nov 20212,639
Oct 20212,546
Jul 20212,401
Apr 20212,345
Jan 20212,167
Oct 20202,250
Sep 20202,343
Aug 20202,377
Jul 20202,508
Jun 20202,450
May 20202,550
Apr 20202,515
Mar 20202,691
Feb 20202,756
Jan 20202,723
Dec 20192,679
Nov 20192,667
Oct 20192,577
Sep 20192,498
Aug 20192,500
Jul 20192,355
Jun 20192,362
May 20192,166
Apr 20192,138
Mar 20192,076
Feb 20192,001
Jan 20191,986
Dec 20181,931
Nov 20181,935
Oct 20181,935
Sep 20181,873
Aug 20181,843
Jul 20181,828
Jun 20181,855
May 20181,850
Apr 20181,789
Mar 20181,687
Feb 20181,677
Jan 20181,495
Dec 20171,486
Nov 20171,426
Oct 20171,339
Sep 20171,337
Aug 20171,299
Jul 20171,208
Jun 20171,143
May 20171,128
Apr 20171,064
Mar 20171,196
Feb 20171,117
Jan 20171,150
Dec 20161,094
Nov 20161,058
Oct 20161,051
Sep 20161,032
Aug 20161,069
Jul 20161,056
Jun 2016964
May 2016910
Apr 2016936
Mar 2016716
Feb 2016689
Jan 2016674
Dec 2015630
Nov 2015600
Oct 2015606
Sep 2015525
Aug 2015406
Jul 2015455
Jun 2015453
May 2015427
Apr 2015453
Mar 2015462
Feb 2015431
Jan 2015445
Dec 2014482
Nov 2014436
Oct 2014480
Sep 2014507
Aug 2014495
Jul 2014467
Jun 2014478
May 2014424
Apr 2014425
Mar 2014409
Feb 2014387
Jan 2014424
Dec 2013356
Nov 2013382
Oct 2013385
Sep 2013363
Aug 2013353
Jul 2013425
Jun 2013427
May 2013453
Apr 2013488
Mar 2013466
Feb 2013529
Jan 2013592
Dec 2012611
Nov 2012609
Oct 2012661
Sep 2012702
Aug 2012723
Jul 2012796
Jun 2012779
May 2012803
Apr 2012924
Mar 20121,033
Feb 2012958
Jan 20121,005
Dec 20111,158
Nov 20111,208
Oct 20111,296
Sep 20111,282
Aug 20111,119

Homes finished and licensed each year in Setúbal district

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
20252,5352,410
20242,1333,123
20231,9542,423
20221,7922,858
20212,0322,631
20201,8132,200
20191,3202,681
20181,2241,939
20177461,477
20166401,108
2015515631
2014496453
2013801379
20121,277611
20112,1461,089
Homes finished per 1,000 residents, 2025
2.5

Who built the homes finished in Setúbal district

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
202570.0%30.0%0.0%0.0%2,535
202458.3%39.8%0.0%1.9%2,133
202361.7%38.2%0.1%0.0%1,954
202262.3%37.7%0.0%0.0%1,792
202163.2%36.1%0.6%0.0%2,032
202061.6%38.1%0.2%0.2%1,813
201963.1%36.1%0.5%0.3%1,320
201869.0%29.3%1.6%0.0%1,224
201761.4%37.9%0.3%0.4%746
201659.7%40.2%0.2%0.0%640
201563.7%35.7%0.6%0.0%515
201449.8%50.2%0.0%0.0%496
201353.6%44.2%0.1%2.1%801
201257.6%41.3%0.1%1.1%1,277
201159.9%34.9%0.3%4.9%2,146

Homes finished in Setúbal district, 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
20259.2%23.4%43.9%23.5%2,535
20246.7%20.5%43.3%29.5%2,133
20233.4%20.8%45.6%30.2%1,954
20222.2%15.7%52.7%29.4%1,792
20215.5%19.2%46.8%28.4%2,032
20203.9%15.4%51.0%29.7%1,813
20192.7%16.7%53.5%27.1%1,320
20184.2%19.8%46.8%29.2%1,224
20173.9%15.1%52.0%29.0%746
20166.3%21.7%48.3%23.8%640
20156.2%18.1%51.1%24.7%515
201411.7%18.8%42.9%26.6%496
20138.7%25.2%45.4%20.6%801
20126.7%23.0%47.8%22.4%1,277
20115.0%28.7%46.6%19.8%2,146

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 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

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%

Past cycles

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

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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