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Melgaço · report

Past price cycles in Melgaço

Asking prices have fallen by 3% or more 2 times since 2018. The deepest began in January 2019.

Deepest fall
−30.4%
Recovery from the low
76 months

Prices in Melgaço and Portugal, indexed

Asking prices, both set to 100 in November 2018.

  • Melgaço
  • Portugal
  • 100 = November 2018
Show the numbers
PeriodMelgaçoPortugal
Sep 2026127.0183.0
Aug 2026131.0181.8
Jul 2026126.6182.0
Jun 2026122.2182.0
May 2026126.1181.3
Apr 2026126.1181.3
Mar 2026121.0179.9
Feb 2026116.0178.1
Jan 2026110.9176.4
Dec 2025110.9174.6
Nov 2025107.9173.6
Oct 2025106.9171.4
Sep 2025113.1169.7
Aug 2025109.7169.1
Jul 2025107.2168.5
Jun 2025104.8166.6
May 202597.0163.9
Apr 2025100.5162.5
Mar 2025102.1160.5
Feb 2025101.4158.4
Jan 2025103.7156.1
Dec 2024101.8154.2
Nov 2024102.3151.8
Oct 2024101.9150.2
Sep 2024101.6149.4
Aug 2024103.2148.9
Jul 2024108.1148.8
Jun 2024108.5147.5
May 2024108.1146.7
Apr 2024104.9144.6
Mar 2024104.9143.5
Feb 202497.0142.4
Jan 2024101.1141.6
Dec 202399.5139.9
Nov 202397.9138.6
Oct 2023100.9136.5
Sep 202398.2135.5
Aug 202395.6135.2
Jul 202394.0135.7
Jun 202393.1135.5
May 202392.8134.3
Apr 202392.6133.7
Mar 202393.7132.5
Feb 202395.1131.8
Jan 202394.5131.0
Dec 202299.6130.3
Nov 2022101.4130.0
Oct 2022102.1128.1
Sep 2022104.9127.3
Aug 2022105.6127.1
Jul 2022103.4126.9
Jun 2022103.5126.9
May 2022104.1126.7
Apr 2022104.6126.0
Mar 2022111.1126.1
Feb 2022110.1125.5
Jan 2022112.0124.9
Dec 2021109.0124.8
Nov 2021109.0124.5
Oct 2021110.1123.8
Sep 2021115.9122.3
Aug 2021114.1121.8
Jul 2021111.1121.3
Jun 2021113.4120.2
May 2021113.8119.5
Apr 2021116.8118.9
Mar 2021117.3118.8
Feb 2021110.6118.4
Jan 2021103.9118.7
Dec 202097.4118.0
Nov 2020100.7117.0
Oct 2020105.1115.5
Sep 2020103.5114.2
Aug 2020101.8113.6
Jul 202097.4112.9
Jun 202097.5113.5
May 202093.8113.9
Apr 202090.1114.5
Mar 202098.9113.4
Feb 2020107.9112.6
Jan 2020116.8111.3
Dec 2019125.7112.1
Nov 2019125.4111.5
Oct 2019119.8111.2
Sep 2019120.5111.0
Aug 2019121.3111.1
Jul 2019122.0111.2
Jun 2019122.9109.5
May 2019123.6106.9
Apr 2019124.3104.6
Mar 2019125.2103.5
Feb 2019127.3102.2
Jan 2019129.5101.1
Dec 2018104.1100.8
Nov 2018100.0100.0

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
January 2019April 2020−30.4%1576
August 2026September 2026−3.1%1Not 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 Melgaço

Next 12 months

Asking prices have an 80% chance of landing between €672/m² and €877/m² by September 2027.

Expected, September 2027
€774/m²
Chance of a rise
75%

Affordability

At the median sale price, a 90 m² home costs €62,820. With 10% down and a 30-year mortgage, the payment is €238 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
11%
Payment, one income
22%

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
€379
Owning per month
€220

New homes

59.8% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
22
Per 1,000 residents
3.1

Foreign buyers

Figures for Alto Minho: Melgaço has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 1.0% less per m² than buyers living in Portugal.

Abroad against residents
−1.0%

People and new homes

In 2025 the population fell by 55 while 4 homes were finished.

Homes finished, 2025
4
Population change, 2025
−55

Empty homes

10.4% of the 7,836 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.4%
Empty homes
816

Renovation

In 2025, 39% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
39%
Reconstructions per 100 new buildings
36.4

Public housing works

Public bodies signed €794.5K of housing works here in 2025, and €1.5M since 2012.

Signed in 2025
€794.5K
Per resident, 2025
€112

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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