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Elvas · report

Past price cycles in Elvas

Bank valuations have fallen by 3% or more 9 times since 2020. The deepest began in December 2023.

Deepest fall
−16.9%
Recovery from the low
5 months

Prices in Elvas and Portugal, indexed

Bank valuations, both set to 100 in February 2020.

  • Elvas
  • Portugal
  • 100 = February 2020
Show the numbers
PeriodElvasPortugal
Sep 2026155.7205.0
Aug 2026160.2202.9
Jul 2026154.2201.6
Jun 2026156.8200.5
May 2026155.3198.7
Apr 2026159.6195.7
Mar 2026152.2193.6
Feb 2026149.8191.0
Jan 2026147.3189.5
Dec 2025146.6187.3
Nov 2025139.2185.4
Oct 2025137.5182.3
Sep 2025139.6179.6
Aug 2025145.0176.9
Jul 2025145.0175.1
Jun 2025138.7172.0
May 2025128.2169.8
Apr 2025127.8168.0
Mar 2025128.0166.2
Feb 2025128.5162.9
Jan 2025117.5159.7
Dec 2024123.3157.2
Nov 2024119.9156.6
Oct 2024122.2154.9
Sep 2024105.0152.6
Aug 2024109.4149.8
Jul 2024110.2147.4
Jun 2024112.9145.6
May 2024117.0144.9
Apr 2024118.3143.7
Mar 2024115.3142.2
Feb 2024115.3140.4
Jan 2024125.6139.5
Dec 2023126.4138.3
Nov 2023126.4137.7
Oct 2023120.6138.3
Sep 2023123.6138.7
Aug 2023115.1138.4
Jul 2023113.5137.3
Jun 2023107.0136.6
May 2023106.7135.9
Apr 2023103.6134.2
Mar 2023115.5133.5
Feb 2023112.3133.0
Jan 2023112.3133.7
Dec 2022110.6131.2
Nov 202296.8130.4
Oct 2022100.4127.8
Sep 202297.5128.6
Aug 2022103.9127.3
Jul 2022102.0127.5
Jun 2022110.7126.6
May 2022110.4124.2
Apr 2022108.6122.1
Mar 2022105.5119.8
Feb 2022101.2118.3
Jan 202297.1116.3
Dec 202199.2115.7
Nov 202198.9114.5
Oct 202199.7112.6
Sep 202192.8111.3
Aug 202191.4109.9
Jul 202195.4109.9
Jun 2021102.1109.4
May 2021107.5109.1
Apr 2021108.6108.0
Mar 2021106.0106.8
Feb 202199.3105.7
Jan 202196.0105.3
Dec 202090.0104.1
Nov 202099.2103.0
Oct 202098.4101.8
Sep 2020103.5101.5
Aug 202098.0101.5
Jul 2020101.6101.4
Jun 202096.4100.7
May 202097.2100.3
Apr 202097.5100.0
Mar 202098.099.9
Feb 2020100.0100.0

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
February 2020June 2020−3.6%41
July 2020August 2020−3.6%11
September 2020December 2020−13.1%33
April 2021August 2021−15.8%48
June 2022November 2022−12.6%52
March 2023April 2023−10.3%15
December 2023September 2024−16.9%95
August 2025October 2025−5.2%22
April 2026July 2026−3.4%31

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 Elvas

Next 12 months

Bank valuations have an 80% chance of landing between €993/m² and €1,486/m² by September 2027.

Expected, September 2027
€1,239/m²
Chance of a rise
65%

Affordability

At the bank valuation, a 90 m² home costs €104,670. With 10% down and a 30-year mortgage, the payment is €397 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
17%
Payment, one income
34%

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
€444
Owning per month
€306

New homes

43.6% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
14
Per 1,000 residents
0.6

Foreign buyers

Figures for Alto Alentejo: Elvas has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 24.0% more per m² than buyers living in Portugal.

Abroad against residents
+24.0%

People and new homes

In 2025 the population fell by 58 while 17 homes were finished.

Homes finished, 2025
17
Population change, 2025
−58

Empty homes

20.3% of the 13,411 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
20.3%
Empty homes
2,728

Renovation

In 2025, 33% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
33%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €4M of housing works here in 2025, and €13.1M since 2012.

Signed in 2025
€4M
Per resident, 2025
€181

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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