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Faro · report

New homes in Faro

11.1% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
106
Per 1,000 residents
1.3

Homes licensed for construction in Faro

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

  • Faro
  • Ten-year average
Show the numbers
PeriodFaro
Aug 2026106
Jul 202698
Jun 202697
May 202678
Apr 202677
Mar 202673
Feb 202676
Jan 202680
Dec 202577
Nov 202576
Oct 202580
Sep 202597
Aug 2025103
Jul 2025126
Jun 2025128
May 2025135
Apr 2025130
Mar 2025128
Feb 2025120
Jan 2025126
Dec 2024137
Nov 2024133
Oct 2024149
Sep 2024133
Aug 2024126
Jul 2024120
Jun 2024118
May 2024111
Apr 2024114
Mar 2024115
Feb 2024116
Jan 2024107
Dec 2023110
Nov 2023110
Oct 202385
Sep 202386
Aug 202377
Jul 202358
Jun 202361
May 2023179
Apr 2023274
Mar 2023283
Feb 2023280
Jan 2023279
Dec 2022265
Nov 2022263
Oct 2022268
Sep 2022304
Aug 2022321
Jul 2022320
Jun 2022308
May 2022196
Apr 202297
Mar 202287
Feb 202289
Jan 202287
Dec 202183
Nov 202190
Oct 202186
Jul 202129
Apr 202119
Jan 202114
Oct 202010
Sep 202050
Aug 202047
Jul 202010
Jun 202038
May 202032
Apr 202023
Mar 202038
Feb 202071
Jan 202064
Dec 201977
Nov 201987
Oct 201995
Sep 201998
Aug 201999
Jul 2019103
Jun 2019106
May 2019104
Apr 201996
Mar 201995
Feb 201971
Jan 201971
Dec 201858
Nov 201838
Oct 201836
Sep 201832
Aug 201822
Jul 201825
Jun 201820
May 201819
Apr 201822
Mar 201819
Feb 20184
Jan 201824
Dec 201739
Nov 201739
Oct 201740
Sep 201741
Aug 201742
Jul 201741
Jun 201742
May 201749
Apr 201748
Mar 201748
Feb 201748
Jan 201730
Dec 201615
Nov 201620
Oct 201620
Sep 201619
Aug 201619
Jul 201619
Jun 201618
May 201615
Apr 201614
Mar 201648
Feb 201648
Jan 201651
Dec 201550
Nov 201545
Oct 201545
Sep 201545
Aug 201545
Jul 201547
Jun 201559
May 201556
Apr 201556
Mar 201523
Feb 201523
Jan 201521
Dec 201421
Nov 201421
Oct 201420
Sep 201426
Aug 201425
Jul 201423
Jun 201429
May 201427
Apr 201427
Mar 201426
Feb 201426
Jan 201425
Dec 201324
Nov 201327
Oct 201327
Sep 201323
Aug 201323
Jul 201323
Jun 20135
May 20135
Apr 20135
Mar 20136
Feb 201313
Jan 201314
Dec 201217
Nov 201232
Oct 201247
Sep 201246
Aug 201249
Jul 201249
Jun 201253
May 201271
Apr 201276
Mar 201277
Feb 201282
Jan 201291
Dec 201190
Nov 2011126
Oct 2011115
Sep 2011114
Aug 2011111

Homes finished and licensed each year in Faro

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
20254077
2024269137
202326110
20226265
20212083
20202840
20193975
20186658
2017139
2016415
20152750
2014921
20133624
201210417
201118890
Homes finished per 1,000 residents, 2025
0.5

Who built the homes finished in Faro

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
202552.5%47.5%0.0%0.0%40
202498.5%1.5%0.0%0.0%269
202365.4%34.6%0.0%0.0%26
20220.0%100.0%0.0%0.0%6
202185.0%15.0%0.0%0.0%20
202082.1%17.9%0.0%0.0%28
201987.2%12.8%0.0%0.0%39
201893.9%6.1%0.0%0.0%66
20170.0%100.0%0.0%0.0%1
201625.0%75.0%0.0%0.0%4
201585.2%14.8%0.0%0.0%27
201433.3%66.7%0.0%0.0%9
201333.3%66.7%0.0%0.0%36
201275.0%25.0%0.0%0.0%104
201162.8%37.2%0.0%0.0%188

Homes finished in Faro, 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
202515.0%37.5%30.0%17.5%40
202416.0%39.0%41.6%3.3%269
202311.5%57.7%11.5%19.2%26
20220.0%0.0%66.7%33.3%6
20210.0%60.0%20.0%20.0%20
202050.0%28.6%17.9%3.6%28
20190.0%41.0%35.9%23.1%39
20187.6%28.8%40.9%22.7%66
20170.0%0.0%100.0%0.0%1
20160.0%25.0%50.0%25.0%4
20150.0%22.2%40.7%37.0%27
20140.0%11.1%44.4%44.4%9
20135.6%27.8%25.0%41.7%36
201212.5%44.2%28.8%14.4%104
201115.4%29.8%44.7%10.1%188

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 Faro

Next 12 months

Asking prices have an 80% chance of landing between €4,311/m² and €4,779/m² by September 2027.

Expected, September 2027
€4,545/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €262,890. With 10% down and a 30-year mortgage, the payment is €998 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
41%
Payment, one income
83%

Buy or rent

Renting a 90 m² home costs less each month than owning 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
€926
Owning per month
€995

Asking against valuation

Sellers ask 34.3% more than banks value homes at. A year ago the gap was +30.9%.

Gap today
+34.3%
Change in a year
+3.5 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 23.1% more per m² than buyers living in Portugal.

Abroad against residents
+23.1%

Past cycles

Bank valuations have fallen by 3% or more 9 times since 2014. The deepest began in June 2020.

Deepest fall
−8.8%
Recovery from the low
8 months

People and new homes

In 2025 the population fell by 60 while 40 homes were finished.

Homes finished, 2025
40
Population change, 2025
−60

Empty homes

12.6% of the 38,638 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.6%
Empty homes
4,851

Renovation

In 2025, 0% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
0%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €17.2M of housing works here in 2025, and €31.4M since 2012.

Signed in 2025
€17.2M
Per resident, 2025
€215

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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