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Grândola · report

Past price cycles in Grândola

Asking prices have fallen by 3% or more 6 times since 2015. The deepest began in August 2015.

Deepest fall
−26.9%
Recovery from the low
14 months

Prices in Grândola and Portugal, indexed

Asking prices, both set to 100 in January 2015.

  • Grândola
  • Portugal
  • 100 = January 2015
Show the numbers
PeriodGrândolaPortugal
Sep 2026302.1320.6
Aug 2026301.1318.5
Jul 2026296.8318.8
Jun 2026292.2318.9
May 2026287.2317.6
Apr 2026288.1317.6
Mar 2026293.0315.2
Feb 2026294.9311.9
Jan 2026292.6309.0
Dec 2025299.8305.9
Nov 2025296.5304.2
Oct 2025294.3300.2
Sep 2025286.4297.2
Aug 2025284.8296.2
Jul 2025283.7295.1
Jun 2025279.7291.8
May 2025275.6287.1
Apr 2025274.9284.7
Mar 2025265.5281.2
Feb 2025263.7277.6
Jan 2025259.2273.4
Dec 2024266.3270.1
Nov 2024257.9265.9
Oct 2024250.5263.2
Sep 2024242.5261.8
Aug 2024245.3260.8
Jul 2024250.7260.6
Jun 2024247.7258.4
May 2024242.9257.0
Apr 2024238.0253.3
Mar 2024235.5251.4
Feb 2024239.5249.5
Jan 2024239.4248.1
Dec 2023237.3245.0
Nov 2023253.3242.8
Oct 2023236.9239.1
Sep 2023245.6237.3
Aug 2023247.5236.8
Jul 2023236.8237.6
Jun 2023228.6237.4
May 2023230.2235.3
Apr 2023220.7234.3
Mar 2023218.9232.1
Feb 2023215.9230.9
Jan 2023209.5229.4
Dec 2022210.9228.3
Nov 2022212.6227.8
Oct 2022213.2224.3
Sep 2022209.4223.0
Aug 2022204.7222.6
Jul 2022199.0222.3
Jun 2022192.7222.2
May 2022192.5221.9
Apr 2022188.5220.8
Mar 2022194.3220.9
Feb 2022187.7219.9
Jan 2022181.1218.9
Dec 2021174.5218.7
Nov 2021169.6218.1
Oct 2021168.3216.8
Sep 2021165.2214.2
Aug 2021167.8213.3
Jul 2021163.0212.5
Jun 2021162.9210.6
May 2021156.4209.3
Apr 2021158.5208.2
Mar 2021157.7208.1
Feb 2021159.8207.4
Jan 2021160.4207.9
Dec 2020158.7206.7
Nov 2020162.3205.0
Oct 2020164.9202.4
Sep 2020167.5200.1
Aug 2020170.0199.0
Jul 2020167.3197.8
Jun 2020169.4198.8
May 2020168.9199.6
Apr 2020162.4200.6
Mar 2020164.5198.6
Feb 2020164.5197.3
Jan 2020168.5195.0
Dec 2019175.1196.3
Nov 2019176.3195.2
Oct 2019176.1194.7
Sep 2019169.1194.4
Aug 2019170.2194.6
Jul 2019168.9194.7
Jun 2019168.4191.8
May 2019166.5187.3
Apr 2019162.6183.2
Mar 2019159.1181.2
Feb 2019160.9178.9
Jan 2019161.2177.1
Dec 2018158.3176.6
Nov 2018158.8175.2
Oct 2018152.2173.1
Sep 2018145.5169.1
Aug 2018138.9165.9
Jul 2018141.4165.4
Jun 2018137.3161.8
May 2018138.5160.3
Apr 2018140.1156.9
Mar 2018137.1155.3
Feb 2018141.3154.6
Jan 2018141.4152.2
Dec 2017139.0152.6
Nov 2017139.1150.8
Oct 2017135.9148.7
Sep 2017133.0145.5
Aug 2017132.5143.5
Jul 2017135.0141.0
Jun 2017133.5139.1
May 2017129.9135.9
Apr 2017128.2135.7
Mar 2017127.5134.3
Feb 2017119.9132.1
Jan 2017121.8130.5
Dec 2016121.1129.4
Nov 2016118.2128.6
Oct 2016115.2126.0
Sep 2016112.1122.5
Aug 2016112.6119.3
Jul 2016109.1115.2
Jun 2016108.5115.1
May 2016110.1113.9
Apr 2016110.5113.2
Mar 2016103.9114.2
Feb 201697.4113.9
Jan 201690.9112.6
Dec 201597.6110.6
Nov 2015104.3108.8
Oct 2015111.0108.2
Sep 2015117.7107.5
Aug 2015124.4106.6
Jul 2015123.2105.7
Jun 2015118.3106.1
May 2015113.4103.7
Apr 2015108.5101.7
Mar 2015103.6101.0
Feb 201598.6100.0
Jan 2015100.0100.0

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
August 2015January 2016−26.9%514
January 2018March 2018−3.0%24
November 2019May 2021−11.3%188
August 2023October 2023−4.3%21
November 2023March 2024−7.0%48
December 2025May 2026−4.2%53

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 Grândola

Next 12 months

Asking prices have an 80% chance of landing between €5,484/m² and €6,386/m² by September 2027.

Expected, September 2027
€5,935/m²
Chance of a rise
88%

Affordability

At the bank valuation, a 90 m² home costs €258,210. With 10% down and a 30-year mortgage, the payment is €980 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
43%
Payment, one income
85%

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
€1,002
Owning per month
€803

Asking against valuation

Sellers ask 92.4% more than banks value homes at. A year ago the gap was +87.5%.

Gap today
+92.4%
Change in a year
+4.9 pp

New homes

101.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
216
Per 1,000 residents
14.1

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 131.2% more per m² than buyers living in Portugal.

Abroad against residents
+131.2%

People and new homes

In 2025 the population fell by 11 while 90 homes were finished.

Homes finished, 2025
90
Population change, 2025
−11

Empty homes

13.5% of the 12,531 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
13.5%
Empty homes
1,688

Renovation

In 2025, 16% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
16%
Reconstructions per 100 new buildings
1.0

Public housing works

Public bodies signed €743.1K of housing works here in 2025, and €4M since 2012.

Signed in 2025
€743.1K
Per resident, 2025
€49

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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