Imofolio
Sign inGet started for free

Gavião · report

Past price cycles in Gavião

Asking prices have fallen by 3% or more 5 times since 2019. The deepest began in December 2019.

Deepest fall
−32.9%
Recovery from the low
17 months

Prices in Gavião and Portugal, indexed

Asking prices, both set to 100 in February 2019.

  • Gavião
  • Portugal
  • 100 = February 2019
Show the numbers
PeriodGaviãoPortugal
Sep 2026153.0179.1
Aug 2026147.4178.0
Jul 2026141.5178.1
Jun 2026139.3178.2
May 2026137.0177.5
Apr 2026134.8177.5
Mar 2026132.4176.1
Feb 2026130.2174.3
Jan 2026127.9172.7
Dec 2025125.5170.9
Nov 2025116.4170.0
Oct 2025120.9167.8
Sep 2025126.8166.1
Aug 2025126.4165.5
Jul 2025121.7164.9
Jun 2025116.9163.0
May 2025112.2160.4
Apr 2025107.3159.1
Mar 2025109.5157.2
Feb 2025112.9155.1
Jan 2025111.5152.8
Dec 2024114.6150.9
Nov 2024111.3148.6
Oct 2024108.0147.1
Sep 2024104.7146.3
Aug 2024101.5145.7
Jul 202498.2145.6
Jun 202494.9144.4
May 202490.3143.6
Apr 202486.0141.6
Mar 202481.4140.5
Feb 202477.0139.4
Jan 202476.9138.6
Dec 202377.0136.9
Nov 202379.1135.7
Oct 202379.6133.6
Sep 202377.2132.6
Aug 202375.4132.4
Jul 202373.8132.8
Jun 202370.7132.7
May 202369.0131.5
Apr 202369.0130.9
Mar 202369.8129.7
Feb 202375.8129.0
Jan 202374.3128.2
Dec 202274.1127.6
Nov 202280.7127.3
Oct 202277.0125.4
Sep 202273.4124.6
Aug 202269.8124.4
Jul 202271.2124.3
Jun 202272.9124.2
May 202274.3124.0
Apr 202275.8123.4
Mar 202275.8123.4
Feb 202274.1122.9
Jan 202276.5122.3
Dec 202178.7122.2
Nov 202180.9121.9
Oct 202183.1121.1
Sep 202181.6119.7
Aug 202182.3119.2
Jul 202184.3118.8
Jun 202183.8117.7
May 202186.5117.0
Apr 202189.8116.4
Mar 202187.2116.3
Feb 202187.4115.9
Jan 202191.1116.2
Dec 202090.9115.5
Nov 202090.9114.5
Oct 202088.3113.1
Sep 202088.0111.8
Aug 202088.7111.2
Jul 202091.4110.5
Jun 202094.7111.1
May 202094.9111.5
Apr 202096.7112.1
Mar 202098.0111.0
Feb 2020100.2110.3
Jan 2020102.2109.0
Dec 2019102.9109.7
Nov 2019100.5109.1
Oct 201997.3108.8
Sep 2019100.4108.7
Aug 2019102.9108.8
Jul 2019100.7108.8
Jun 201997.4107.2
May 201997.6104.7
Apr 2019101.8102.4
Mar 201998.9101.3
Feb 2019100.0100.0

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
April 2019June 2019−4.3%22
August 2019October 2019−5.5%22
December 2019April 2023−32.9%4017
December 2024April 2025−6.4%42
September 2025November 2025−8.2%22

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 Gavião

Next 12 months

Asking prices have an 80% chance of landing between €941/m² and €1,217/m² by September 2027.

Expected, September 2027
€1,079/m²
Chance of a rise
99%

Affordability

At the median sale price, a 90 m² home costs €40,590. With 10% down and a 30-year mortgage, the payment is €154 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
6%
Payment, one income
13%

Buy or rent

Figures for Alto Alentejo: Gavião 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
€410
Owning per month
€246

New homes

15.0% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
5
Per 1,000 residents
1.5

Foreign buyers

Figures for Alto Alentejo: Gavião 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 10 while 2 homes were finished.

Homes finished, 2025
2
Population change, 2025
−10

Empty homes

18.5% of the 3,529 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
18.5%
Empty homes
652

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 €334K of housing works here in 2019, and €334K since 2012.

Signed in 2019
€334K
Per resident, 2019
€103

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.

Made with Imofolio · imofolio.com/en/market/portugal/gaviao/cycles

Selling homes in Portugal? Keep the whole sale in one place.

Imofolio is the CRM for estate agents and agencies: properties, buyers, viewings, proposals and your own website, from the first enquiry to the closing.

Try free for 3 daysTalk to the team