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Grande Lisboa · report

New homes in Grande Lisboa

53.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
5,696
Per 1,000 residents
2.4

Homes licensed for construction in Grande Lisboa

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

  • Grande Lisboa
  • Ten-year average
Show the numbers
PeriodGrande Lisboa
Aug 20265,696
Jul 20265,727
Jun 20265,855
May 20265,818
Apr 20265,678
Mar 20265,402
Feb 20265,496
Jan 20265,697
Dec 20256,406
Nov 20256,340
Oct 20256,063
Sep 20255,520
Aug 20255,488
Jul 20255,394
Jun 20255,595
May 20255,438
Apr 20255,552
Mar 20255,565
Feb 20255,437
Jan 20255,277
Dec 20244,343
Nov 20244,200
Oct 20244,182
Sep 20244,299
Aug 20244,230
Jul 20244,258
Jun 20244,371
May 20244,471
Apr 20244,416
Mar 20244,333
Feb 20244,418
Jan 20244,563
Dec 20234,609
Nov 20234,786
Oct 20234,902
Sep 20235,122
Aug 20235,269
Jul 20235,185
Jun 20234,688
May 20234,583
Apr 20234,511
Mar 20234,437
Feb 20234,476
Jan 20234,334
Dec 20224,252
Nov 20224,099
Oct 20223,887
Sep 20223,415
Aug 20223,438
Jul 20223,478
Jun 20223,633
May 20223,840
Apr 20223,807
Mar 20224,295
Feb 20224,247
Jan 20224,137
Dec 20214,089
Nov 20214,270
Oct 20214,429
Jul 20214,233
Apr 20214,106
Jan 20213,506
Oct 20203,178
Sep 20203,498
Aug 20203,468
Jul 20203,547
Jun 20203,703
May 20203,609
Apr 20203,753
Mar 20203,660
Feb 20203,767
Jan 20203,787
Dec 20193,612
Nov 20193,447
Oct 20193,789
Sep 20193,488
Aug 20193,240
Jul 20193,460
Jun 20193,147
May 20193,009
Apr 20193,009
Mar 20193,040
Feb 20192,741
Jan 20192,760
Dec 20182,646
Nov 20182,613
Oct 20182,437
Sep 20182,304
Aug 20182,292
Jul 20182,119
Jun 20182,013
May 20181,963
Apr 20181,915
Mar 20181,812
Feb 20181,810
Jan 20181,734
Dec 20171,755
Nov 20171,773
Oct 20171,768
Sep 20171,686
Aug 20171,588
Jul 20171,545
Jun 20171,506
May 20171,449
Apr 20171,294
Mar 20171,256
Feb 20171,154
Jan 20171,137
Dec 20161,018
Nov 2016991
Oct 2016958
Sep 2016959
Aug 2016967
Jul 2016973
Jun 2016892
May 2016909
Apr 2016822
Mar 2016756
Feb 2016794
Jan 2016732
Dec 2015689
Nov 2015731
Oct 2015693
Sep 2015607
Aug 2015660
Jul 2015583
Jun 2015581
May 2015610
Apr 2015567
Mar 2015515
Feb 2015584
Jan 2015556
Dec 2014460
Nov 2014531
Oct 2014442
Sep 2014386
Aug 2014393
Jul 2014409
Jun 2014410
May 2014421
Apr 2014415
Mar 2014423
Feb 2014400
Jan 2014371
Dec 2013451
Nov 2013474
Oct 2013562
Sep 2013639
Aug 2013748
Jul 2013804
Jun 2013848
May 2013904
Apr 20131,005
Mar 20131,065
Feb 20131,151
Jan 20131,217
Dec 20121,333
Nov 20121,423
Oct 20121,487
Sep 20121,516
Aug 20121,619
Jul 20121,603
Jun 20121,695
May 20121,869
Apr 20121,795
Mar 20121,842
Feb 20122,052
Jan 20121,965
Dec 20112,010
Nov 20112,219
Oct 20112,205
Sep 20112,167
Aug 20112,022

Homes finished and licensed each year in Grande Lisboa

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
20253,5456,406
20242,8504,341
20232,6094,609
20223,1144,250
20212,5724,089
20201,5833,636
20191,3603,592
20189172,630
20176321,757
20164731,026
2015627706
2014781519
20131,459442
20122,5511,334
20112,9801,986
Homes finished per 1,000 residents, 2025
1.5

Who built the homes finished in Grande Lisboa

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
202573.2%25.9%0.0%1.0%3,545
202464.0%35.0%0.0%1.1%2,850
202367.2%32.5%0.3%0.0%2,609
202264.6%35.3%0.1%0.0%3,114
202164.8%29.9%4.0%1.2%2,572
202065.4%34.4%0.1%0.1%1,583
201961.5%38.3%0.0%0.1%1,360
201856.1%43.9%0.0%0.0%917
201758.7%41.1%0.2%0.0%632
201650.7%48.8%0.4%0.0%473
201558.1%41.6%0.2%0.2%627
201441.2%54.3%0.6%3.8%781
201352.8%46.3%0.5%0.3%1,459
201255.3%43.6%0.6%0.5%2,551
201158.0%39.9%1.5%0.6%2,980

Homes finished in Grande Lisboa, 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
20259.1%32.0%39.0%19.9%3,515
20246.8%25.7%44.2%23.2%2,828
202311.2%30.2%39.1%19.5%2,609
202210.6%32.0%38.7%18.7%3,114
20218.9%30.9%40.7%19.4%2,572
20205.7%31.2%40.4%22.7%1,583
201911.6%31.2%39.8%17.4%1,360
201810.8%28.7%36.9%23.7%917
201710.3%25.2%39.9%24.7%632
20167.0%18.4%39.7%34.9%473
201510.0%27.0%34.8%28.2%627
20149.7%35.1%35.0%20.2%781
20138.0%33.9%40.4%17.7%1,459
20128.3%31.6%38.1%22.0%2,551
20116.8%25.7%41.6%25.9%2,980

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 Grande Lisboa

Next 12 months

Bank valuations have an 80% chance of landing between €3,685/m² and €4,015/m² by September 2027.

Expected, September 2027
€3,850/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €310,680. With 10% down and a 30-year mortgage, the payment is €1,179 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
45%
Payment, one income
90%

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
€1,324
Owning per month
€1,186

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 47.7% more per m² than buyers living in Portugal.

Abroad against residents
+47.7%

Past cycles

Bank valuations have fallen by 3% or more once since 2011. That fall began in April 2011.

Deepest fall
−18.9%
Recovery from the low
45 months

People and new homes

In 2025 the population fell by 3,967 while 3,545 homes were finished.

Homes finished, 2025
3,545
Population change, 2025
−3,967

Renovation

In 2025, 14% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
14%
Reconstructions per 100 new buildings
0.6

Public housing works

Public bodies signed €135.4M of housing works here in 2025, and €771.8M since 2012.

Signed in 2025
€135.4M
Per resident, 2025
€56

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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