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Lamego · report

New homes in Lamego

25.8% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
56
Per 1,000 residents
2.3

Homes licensed for construction in Lamego

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

  • Lamego
  • Ten-year average
Show the numbers
PeriodLamego
Aug 202656
Jul 202646
Jun 202647
May 202646
Apr 202650
Mar 202639
Feb 202640
Jan 202640
Dec 202540
Nov 202557
Oct 202563
Sep 202562
Aug 202540
Jul 202541
Jun 202540
May 202543
Apr 202539
Mar 202539
Feb 202539
Jan 202540
Dec 202440
Nov 202425
Oct 202435
Sep 202436
Aug 202436
Jul 202435
Jun 202434
May 202433
Apr 202432
Mar 202432
Feb 202433
Jan 202430
Dec 202352
Nov 202353
Oct 202338
Sep 202337
Aug 202336
Jul 202337
Jun 202338
May 202338
Apr 202339
Mar 202352
Feb 202372
Jan 202372
Dec 202251
Nov 202249
Oct 202250
Sep 202250
Aug 202251
Jul 202252
Jun 202252
May 202251
Apr 202250
Mar 202237
Feb 202216
Jan 202221
Dec 202122
Nov 202125
Oct 202124
Jul 202158
Apr 202182
Jan 202180
Oct 2020116
Sep 2020112
Aug 202097
Jul 202082
Jun 202061
May 202057
Apr 202060
Mar 202061
Feb 202060
Jan 202061
Dec 201942
Nov 201925
Oct 201925
Sep 201929
Aug 201932
Jul 201934
Jun 201934
May 201937
Apr 201936
Mar 201936
Feb 201935
Jan 201949
Dec 201846
Nov 201845
Oct 201840
Sep 201837
Aug 201833
Jul 201829
Jun 201832
May 201829
Apr 201831
Mar 201836
Feb 201836
Jan 201825
Dec 201730
Nov 201729
Oct 201732
Sep 201734
Aug 201736
Jul 201735
Jun 201753
May 201755
Apr 201751
Mar 201747
Feb 201748
Jan 201748
Dec 201646
Nov 201646
Oct 201645
Sep 201659
Aug 201657
Jul 201657
Jun 201637
May 201638
Apr 201639
Mar 201638
Feb 201639
Jan 201635
Dec 201535
Nov 201538
Oct 201538
Sep 201522
Aug 201521
Jul 201520
Jun 201523
May 201519
Apr 201520
Mar 201522
Feb 201519
Jan 201517
Dec 201417
Nov 201418
Oct 201416
Sep 201416
Aug 201417
Jul 201420
Jun 201421
May 201421
Apr 201423
Mar 201426
Feb 201431
Jan 201434
Dec 201358
Nov 201359
Oct 201365
Sep 201369
Aug 201375
Jul 201377
Jun 201378
May 201381
Apr 201377
Mar 201382
Feb 201382
Jan 201387
Dec 201263
Nov 201260
Oct 201284
Sep 201286
Aug 201285
Jul 201283
Jun 201285
May 201285
Apr 201295
Mar 201293
Feb 201291
Jan 201291
Dec 2011101
Nov 2011104
Oct 201192
Sep 201186
Aug 201180

Homes finished and licensed each year in Lamego

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
20255640
20243340
20237152
20224751
20213522
20202099
20194042
20181545
20175630
20162446
20153835
20142417
20135658
201215263
2011107101
Homes finished per 1,000 residents, 2025
2.3

Who built the homes finished in Lamego

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
202578.6%21.4%0.0%0.0%56
202436.4%63.6%0.0%0.0%33
202349.3%50.7%0.0%0.0%71
202246.8%51.1%2.1%0.0%47
20212.9%97.1%0.0%0.0%35
202020.0%80.0%0.0%0.0%20
201942.5%57.5%0.0%0.0%40
20180.0%100.0%0.0%0.0%15
201771.4%28.6%0.0%0.0%56
20164.2%95.8%0.0%0.0%24
20150.0%100.0%0.0%0.0%38
20144.2%95.8%0.0%0.0%24
20131.8%98.2%0.0%0.0%56
20120.0%99.3%0.7%0.0%152
20110.0%100.0%0.0%0.0%107

Homes finished in Lamego, 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
20257.1%21.4%44.6%26.8%56
20240.0%6.1%63.6%30.3%33
20231.4%22.5%60.6%15.5%71
20220.0%6.4%61.7%31.9%47
20210.0%20.0%57.1%22.9%35
20200.0%10.0%60.0%30.0%20
20190.0%17.5%45.0%37.5%40
20180.0%13.3%60.0%26.7%15
20171.8%10.7%64.3%23.2%56
20160.0%16.7%41.7%41.7%24
20150.0%5.3%73.7%21.1%38
20140.0%16.7%54.2%29.2%24
201314.3%8.9%48.2%28.6%56
20122.0%19.7%58.6%19.7%152
20117.5%20.6%42.1%29.9%107

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 Lamego

Next 12 months

Asking prices have an 80% chance of landing between €1,260/m² and €1,648/m² by September 2027.

Expected, September 2027
€1,454/m²
Chance of a rise
93%

Affordability

At the bank valuation, a 90 m² home costs €118,260. With 10% down and a 30-year mortgage, the payment is €449 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
20%
Payment, one income
40%

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
€439
Owning per month
€318

Asking against valuation

Sellers ask 6.7% less than banks value homes at. A year ago the gap was −6.9%.

Gap today
−6.7%
Change in a year
+0.2 pp

Foreign buyers

Figures for Douro: Lamego has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 31.0% less per m² than buyers living in Portugal.

Abroad against residents
−31.0%

Past cycles

Asking prices have fallen by 3% or more 7 times since 2016. The deepest began in February 2017.

Deepest fall
−17.0%
Recovery from the low
9 months

People and new homes

In 2025 the population fell by 44 while 56 homes were finished.

Homes finished, 2025
56
Population change, 2025
−44

Empty homes

12.9% of the 16,659 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.9%
Empty homes
2,146

Renovation

In 2025, 44% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
44%
Reconstructions per 100 new buildings
65.0

Public housing works

Public bodies signed €5.5M of housing works here in 2025, and €15.5M since 2012.

Signed in 2025
€5.5M
Per resident, 2025
€224

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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