Imofolio
Sign inGet started for free

Lagoa · report

New homes in Lagoa

66.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
143
Per 1,000 residents
5.0

Homes licensed for construction in Lagoa

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

  • Lagoa
  • Ten-year average
Show the numbers
PeriodLagoa
Aug 2026143
Jul 2026159
Jun 2026162
May 2026181
Apr 2026180
Mar 2026164
Feb 2026161
Jan 2026166
Dec 2025132
Nov 2025101
Oct 2025103
Sep 2025101
Aug 2025108
Jul 202593
Jun 2025107
May 202590
Apr 202588
Mar 202590
Feb 202582
Jan 202584
Dec 202482
Nov 202476
Oct 202477
Sep 202481
Aug 2024112
Jul 2024112
Jun 202487
May 202485
Apr 2024113
Mar 2024114
Feb 2024110
Jan 2024106
Dec 2023111
Nov 2023119
Oct 2023117
Sep 2023120
Aug 202381
Jul 202382
Jun 202386
May 202388
Apr 202359
Mar 202361
Feb 202368
Jan 202366
Dec 202264
Nov 202258
Oct 202269
Sep 202261
Aug 202260
Jul 202259
Jun 202257
May 202258
Apr 202255
Mar 202251
Feb 202255
Jan 202256
Dec 202166
Nov 202168
Oct 202162
Jul 202192
Apr 202192
Jan 202189
Oct 202090
Sep 2020122
Aug 2020105
Jul 2020116
Jun 2020118
May 2020117
Apr 2020122
Mar 2020127
Feb 2020139
Jan 2020139
Dec 2019130
Nov 2019136
Oct 2019133
Sep 2019103
Aug 2019106
Jul 201989
Jun 201992
May 201992
Apr 201990
Mar 201994
Feb 201983
Jan 201982
Dec 201879
Nov 201868
Oct 201862
Sep 201859
Aug 201861
Jul 201861
Jun 201856
May 201857
Apr 201853
Mar 201842
Feb 201840
Jan 201843
Dec 201746
Nov 201746
Oct 201745
Sep 201745
Aug 201739
Jul 201736
Jun 201734
May 201730
Apr 201730
Mar 201731
Feb 201739
Jan 201736
Dec 201644
Nov 201646
Oct 201647
Sep 201644
Aug 201642
Jul 201643
Jun 201646
May 201645
Apr 201645
Mar 201644
Feb 201636
Jan 201633
Dec 201524
Nov 201521
Oct 201526
Sep 201531
Aug 201530
Jul 201529
Jun 201526
May 201525
Apr 201525
Mar 201522
Feb 201519
Jan 201534
Dec 201432
Nov 201415
Oct 201442
Sep 201427
Aug 20147
Jul 201441
Jun 201427
May 20149
Apr 201441
Mar 201426
Feb 20149
Jan 201426
Dec 201310
Nov 201310
Oct 201310
Sep 20139
Aug 201311
Jul 201310
Jun 20139
May 20139
Apr 20138
Mar 201310
Feb 20139
Jan 201310
Dec 201210
Nov 20129
Oct 20129
Sep 20126
Aug 20124
Jul 20126
Jun 20128
May 201210
Apr 201210
Mar 201210
Feb 201215
Jan 201215
Dec 201118
Nov 201120
Oct 201121
Sep 201120
Aug 201120

Homes finished and licensed each year in Lagoa

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
202558132
20242682
202349111
20224864
20214166
20206386
201927130
20183679
20173646
20163144
2015924
20141031
20133410
20122910
20119318
Homes finished per 1,000 residents, 2025
2.0

Who built the homes finished in Lagoa

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
202570.7%29.3%0.0%0.0%58
202419.2%80.8%0.0%0.0%26
202353.1%46.9%0.0%0.0%49
202260.4%39.6%0.0%0.0%48
202129.3%70.7%0.0%0.0%41
202039.7%58.7%1.6%0.0%63
201933.3%66.7%0.0%0.0%27
201863.9%36.1%0.0%0.0%36
201750.0%50.0%0.0%0.0%36
201683.9%12.9%3.2%0.0%31
201544.4%55.6%0.0%0.0%9
201450.0%50.0%0.0%0.0%10
20132.9%94.1%2.9%0.0%34
201265.5%34.5%0.0%0.0%29
201175.3%22.6%2.2%0.0%93

Homes finished in Lagoa, 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
202544.8%22.4%27.6%5.2%58
20247.7%3.8%46.2%42.3%26
202316.3%30.6%40.8%12.2%49
20228.3%16.7%29.2%45.8%48
20217.3%22.0%48.8%22.0%41
20203.2%30.2%34.9%31.7%63
201911.1%7.4%51.9%29.6%27
201827.8%5.6%27.8%38.9%36
20172.8%2.8%63.9%30.6%36
20160.0%19.4%58.1%22.6%31
20150.0%22.2%55.6%22.2%9
201420.0%20.0%0.0%60.0%10
201370.6%2.9%5.9%20.6%34
201210.3%31.0%41.4%17.2%29
201150.5%11.8%21.5%16.1%93

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

Next 12 months

Asking prices have an 80% chance of landing between €4,232/m² and €4,598/m² by September 2027.

Expected, September 2027
€4,415/m²
Chance of a rise
98%

Affordability

At the bank valuation, a 90 m² home costs €268,920. With 10% down and a 30-year mortgage, the payment is €1,020 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
45%
Payment, one income
91%

Buy or rent

Renting a 90 m² home costs less each month than owning 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
€894
Owning per month
€1,064

Asking against valuation

Sellers ask 38.4% more than banks value homes at. A year ago the gap was +59.5%.

Gap today
+38.4%
Change in a year
−21.1 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 27.3% more per m² than buyers living in Portugal.

Abroad against residents
+27.3%

Past cycles

Bank valuations have fallen by 3% or more 15 times since 2015. The deepest began in January 2017.

Deepest fall
−24.6%
Recovery from the low
7 months

People and new homes

In 2025 the population grew by 78 while 58 homes were finished: 1.3 new residents for every new home.

New residents per new home, 2025
1.3
Population change, 2025
+78

Empty homes

9.1% of the 21,104 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
9.1%
Empty homes
1,919

Renovation

In 2025, 55% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
55%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €23.7K of housing works here in 2025, and €6.4M since 2012.

Signed in 2025
€23.7K
Per resident, 2025
€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/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