Faial island · report
Renovation in Faial island
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
Buildings finished in Faial island, by kind of work
Buildings completed each year: new construction, extensions, alterations and reconstructions. INE.
- Reconstructions
- Alterations
- Extensions
- New construction
Show the numbers
| Year | New construction | Extensions | Alterations | Reconstructions | Total |
|---|---|---|---|---|---|
| 2025 | 12 | 6 | 1 | 0 | 19 |
| 2024 | 24 | 7 | 1 | 0 | 32 |
| 2023 | 21 | 6 | 0 | 0 | 27 |
| 2022 | 13 | 4 | 1 | 0 | 18 |
| 2021 | 31 | 18 | 2 | 0 | 51 |
| 2020 | 17 | 11 | 1 | 0 | 29 |
| 2019 | 23 | 8 | 1 | 0 | 32 |
| 2018 | 17 | 5 | 0 | 1 | 23 |
| 2017 | 18 | 4 | 0 | 1 | 23 |
| 2016 | 22 | 10 | 3 | 1 | 36 |
| 2015 | 11 | 3 | 0 | 0 | 14 |
| 2014 | 8 | 5 | 2 | 3 | 18 |
| 2013 | 19 | 10 | 1 | 4 | 34 |
| 2012 | 16 | 5 | 0 | 0 | 21 |
| 2011 | 24 | 3 | 2 | 0 | 29 |
INE counts buildings, not homes, and every kind of building, not only housing. A reconstruction rebuilds an existing building; an alteration changes its layout or use.
Other reports for Faial island
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%
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%
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
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
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%
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
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
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
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
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