Imofolio
Sign inGet started for free

Lagoa (R.A.A.) · report

New homes in Lagoa (R.A.A.)

23.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
75
Per 1,000 residents
5.1

Homes licensed for construction in Lagoa (R.A.A.)

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

  • Lagoa (R.A.A.)
  • Ten-year average
Show the numbers
PeriodLagoa (R.A.A.)
Aug 202675
Jul 202667
Jun 202666
May 202657
Apr 202647
Mar 202654
Feb 202646
Jan 202655
Dec 202562
Nov 202565
Oct 202580
Sep 202584
Aug 202586
Jul 202594
Jun 202598
May 202599
Apr 2025103
Mar 202594
Feb 202595
Jan 2025104
Dec 2024108
Nov 2024113
Oct 2024100
Sep 202491
Aug 202488
Jul 202482
Jun 202479
May 202474
Apr 202479
Mar 202473
Feb 202471
Jan 202460
Dec 202347
Nov 202358
Oct 202387
Sep 202392
Aug 202395
Jul 2023101
Jun 2023102
May 2023108
Apr 2023102
Mar 2023104
Feb 2023117
Jan 2023117
Dec 2022118
Nov 2022101
Oct 202277
Sep 202270
Aug 202278
Jul 202273
Jun 202271
May 202267
Apr 202264
Mar 202262
Feb 202271
Jan 202271
Dec 202172
Nov 202170
Oct 202164
Jul 202166
Apr 202178
Jan 202158
Oct 202063
Sep 202057
Aug 202060
Jul 202056
Jun 202054
May 202051
Apr 202050
Mar 202048
Feb 202041
Jan 202042
Dec 201940
Nov 201945
Oct 201945
Sep 201942
Aug 201939
Jul 201940
Jun 201939
May 201932
Apr 201931
Mar 201930
Feb 201932
Jan 201931
Dec 201833
Nov 201831
Oct 201825
Sep 201825
Aug 201826
Jul 201831
Jun 201834
May 201843
Apr 201844
Mar 201842
Feb 201841
Jan 201839
Dec 201738
Nov 201737
Oct 201736
Sep 201736
Aug 201734
Jul 201728
Jun 201725
May 201716
Apr 201715
Mar 201718
Feb 201718
Jan 201721
Dec 201619
Nov 201621
Oct 201625
Sep 201628
Aug 201626
Jul 201626
Jun 201628
May 201633
Apr 201631
Mar 201630
Feb 201629
Jan 201629
Dec 201528
Nov 201526
Oct 201522
Sep 201519
Aug 201519
Jul 201520
Jun 201519
May 201515
Apr 201516
Mar 201515
Feb 201516
Jan 201515
Dec 201430
Nov 201429
Oct 201437
Sep 201439
Aug 201442
Jul 201442
Jun 201443
May 201444
Apr 201442
Mar 201442
Feb 201443
Jan 201445
Dec 201337
Nov 201337
Oct 201330
Sep 201324
Aug 201325
Jul 201325
Jun 201321
May 201324
Apr 201326
Mar 201326
Feb 201333
Jan 201336
Dec 201226
Nov 201254
Oct 201256
Sep 201256
Aug 201256
Jul 201265
Jun 201265
May 201265
Apr 201265
Mar 201262
Feb 201256
Jan 201250
Dec 201151
Nov 201126
Oct 201124
Sep 201123
Aug 201122

Homes finished and licensed each year in Lagoa (R.A.A.)

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
20258662
202483108
20235647
202277118
20212972
20203658
20192640
20183333
20171738
20162819
20151128
20142230
20134137
20123628
20111451
Homes finished per 1,000 residents, 2025
5.9

Who built the homes finished in Lagoa (R.A.A.)

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
202525.6%74.4%0.0%0.0%86
202427.7%71.1%1.2%0.0%83
202326.8%73.2%0.0%0.0%56
202231.2%68.8%0.0%0.0%77
202117.2%82.8%0.0%0.0%29
202016.7%83.3%0.0%0.0%36
201911.5%88.5%0.0%0.0%26
20189.1%90.9%0.0%0.0%33
20170.0%100.0%0.0%0.0%17
20167.1%92.9%0.0%0.0%28
20159.1%90.9%0.0%0.0%11
20149.1%90.9%0.0%0.0%22
201334.1%61.0%4.9%0.0%41
201236.1%63.9%0.0%0.0%36
20110.0%100.0%0.0%0.0%14

Homes finished in Lagoa (R.A.A.), 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
20253.5%44.2%39.5%12.8%86
202418.1%49.4%25.3%7.2%83
20230.0%48.2%26.8%25.0%56
202216.9%36.4%33.8%13.0%77
20216.9%20.7%48.3%24.1%29
20200.0%36.1%52.8%11.1%36
20193.8%19.2%46.2%30.8%26
20183.0%30.3%39.4%27.3%33
20175.9%5.9%64.7%23.5%17
20167.1%14.3%57.1%21.4%28
20150.0%18.2%63.6%18.2%11
201422.7%18.2%36.4%22.7%22
20139.8%9.8%48.8%31.7%41
201225.0%30.6%25.0%19.4%36
20117.1%14.3%50.0%28.6%14

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 Lagoa (R.A.A.)

Next 12 months

Asking prices have an 80% chance of landing between €2,539/m² and €3,352/m² by September 2027.

Expected, September 2027
€2,946/m²
Chance of a rise
93%

Affordability

At the median sale price, a 90 m² home costs €177,750. With 10% down and a 30-year mortgage, the payment is €674 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
28%
Payment, one income
57%

Buy or rent

Owning and renting a 90 m² home cost about the same each month. 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
€619
Owning per month
€624

Foreign buyers

Figures for Região Autónoma dos Açores: Lagoa (R.A.A.) has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 15.8% more per m² than buyers living in Portugal.

Abroad against residents
+15.8%

Past cycles

Asking prices have fallen by 3% or more 8 times since 2017. The deepest began in January 2017.

Deepest fall
−20.2%
Recovery from the low
7 months

People and new homes

In 2025 the population grew by 167 while 86 homes were finished: 1.9 new residents for every new home.

New residents per new home, 2025
1.9
Population change, 2025
+167

Empty homes

8.8% of the 5,307 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
8.8%
Empty homes
465

Renovation

In 2025, 26% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
26%
Reconstructions per 100 new buildings
3.1

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/lagoa-r-a-a/supply

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