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Faial island · report

Past price cycles in Faial island

Asking prices have fallen by 3% or more 5 times since 2016. The deepest began in September 2016.

Deepest fall
−16.0%
Recovery from the low
15 months

Prices in Faial island and Portugal, indexed

Asking prices, both set to 100 in May 2016.

  • Faial island
  • Portugal
  • 100 = May 2016
Show the numbers
PeriodFaial islandPortugal
Sep 2026226.8281.4
Aug 2026224.1279.6
Jul 2026215.9279.9
Jun 2026225.7279.9
May 2026227.0278.8
Apr 2026234.5278.8
Mar 2026242.6276.7
Feb 2026237.6273.8
Jan 2026231.2271.3
Dec 2025227.6268.5
Nov 2025228.9267.0
Oct 2025238.4263.6
Sep 2025240.6260.9
Aug 2025249.3260.1
Jul 2025250.1259.1
Jun 2025236.9256.1
May 2025224.5252.0
Apr 2025222.2250.0
Mar 2025211.9246.9
Feb 2025215.0243.7
Jan 2025182.1240.0
Dec 2024176.2237.1
Nov 2024171.8233.5
Oct 2024166.4231.0
Sep 2024175.9229.8
Aug 2024168.1228.9
Jul 2024161.8228.8
Jun 2024159.4226.9
May 2024155.4225.6
Apr 2024170.1222.4
Mar 2024171.2220.7
Feb 2024173.9219.0
Jan 2024174.2217.8
Dec 2023173.8215.1
Nov 2023166.5213.2
Oct 2023166.4209.9
Sep 2023164.1208.4
Aug 2023167.3207.9
Jul 2023165.9208.6
Jun 2023160.1208.5
May 2023153.5206.5
Apr 2023154.5205.7
Mar 2023154.1203.7
Feb 2023151.0202.7
Jan 2023149.0201.4
Dec 2022149.4200.4
Nov 2022152.1200.0
Oct 2022141.4196.9
Sep 2022128.2195.8
Aug 2022128.1195.5
Jul 2022123.0195.2
Jun 2022118.5195.1
May 2022117.1194.9
Apr 2022113.4193.8
Mar 2022115.8193.9
Feb 2022114.3193.0
Jan 2022106.2192.2
Dec 2021106.2192.0
Nov 2021106.6191.5
Oct 2021101.9190.3
Sep 2021103.3188.1
Aug 2021102.1187.3
Jul 2021103.1186.6
Jun 2021102.9184.9
May 2021106.6183.8
Apr 2021104.0182.8
Mar 2021111.6182.7
Feb 2021104.3182.1
Jan 2021103.5182.6
Dec 2020102.7181.4
Nov 2020103.5179.9
Oct 2020102.8177.7
Sep 2020103.9175.7
Aug 2020100.8174.7
Jul 2020100.4173.7
Jun 2020100.0174.5
May 2020104.1175.2
Apr 2020104.6176.1
Mar 2020100.3174.4
Feb 202095.7173.2
Jan 202092.5171.2
Dec 201990.9172.4
Nov 201991.0171.4
Oct 201991.6171.0
Sep 201992.8170.7
Aug 201998.7170.9
Jul 2019100.5171.0
Jun 2019101.6168.4
May 2019100.1164.4
Apr 201996.5160.9
Mar 201997.9159.1
Feb 2019101.5157.1
Jan 201997.2155.4
Dec 2018104.3155.0
Nov 2018104.0153.8
Oct 201898.7152.0
Sep 201898.3148.5
Aug 201897.3145.7
Jul 201897.9145.2
Jun 201898.4142.0
May 201896.9140.7
Apr 201898.9137.8
Mar 201897.2136.4
Feb 2018102.5135.7
Jan 2018101.6133.7
Dec 2017101.5134.0
Nov 2017102.1132.4
Oct 201796.9130.5
Sep 2017100.4127.7
Aug 2017100.1126.0
Jul 2017101.2123.8
Jun 201798.7122.1
May 201799.2119.4
Apr 2017100.1119.2
Mar 2017100.1117.9
Feb 2017103.1116.0
Jan 2017106.7114.6
Dec 2016107.6113.6
Nov 2016107.0112.9
Oct 2016107.4110.6
Sep 2016108.2107.6
Aug 2016101.5104.7
Jul 2016101.5101.1
Jun 2016102.4101.0
May 2016100.0100.0

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
September 2016December 2019−16.0%3915
March 2021October 2021−8.8%74
January 2024May 2024−10.8%44
September 2024October 2024−5.4%12
July 2025July 2026−13.7%12Not yet

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 Faial island

Next 12 months

Asking prices have an 80% chance of landing between €1,255/m² and €2,051/m² by September 2027.

Expected, September 2027
€1,653/m²
Chance of a rise
45%

Affordability

Figures for Portugal: Faial island has no reliable figures of its own.

At the bank valuation, a 90 m² home costs €205,020. With 10% down and a 30-year mortgage, the payment is €778 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
31%
Payment, one income
63%

Buy or rent

Figures for Portugal: Faial island 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
€878
Owning per month
€715

New homes

64.8% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
6
Per 1,000 residents
0.4

Foreign buyers

Figures for Portugal: Faial island has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 33.5% more per m² than buyers living in Portugal.

Abroad against residents
+33.5%

People and new homes

In 2025 the population grew by 42 while 17 homes were finished: 2.5 new residents for every new home.

New residents per new home, 2025
2.5
Population change, 2025
+42

Empty homes

11.4% of the 7,385 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
11.4%
Empty homes
841

Renovation

In 2025, 37% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
37%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €8.7M of housing works here in 2024, and €8.8M since 2012.

Signed in 2024
€8.7M
Per resident, 2024
€576

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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