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Montemor-o-Velho · report

Past price cycles in Montemor-o-Velho

Bank valuations have fallen by 3% or more 7 times since 2020. The deepest began in February 2023.

Deepest fall
−12.2%
Recovery from the low
7 months

Prices in Montemor-o-Velho and Portugal, indexed

Bank valuations, both set to 100 in July 2020.

  • Montemor-o-Velho
  • Portugal
  • 100 = July 2020
Show the numbers
PeriodMontemor-o-VelhoPortugal
Sep 2026188.7202.1
Aug 2026180.3200.0
Jul 2026171.8198.8
Jun 2026164.7197.7
May 2026172.3195.9
Apr 2026174.7192.9
Mar 2026176.3190.9
Feb 2026165.5188.3
Jan 2026164.7186.8
Dec 2025160.2184.6
Nov 2025154.1182.8
Oct 2025153.2179.7
Sep 2025153.6177.0
Aug 2025153.2174.4
Jul 2025164.5172.6
Jun 2025162.4169.6
May 2025159.8167.3
Apr 2025151.6165.6
Mar 2025151.6163.9
Feb 2025149.9160.6
Jan 2025145.0157.4
Dec 2024144.7155.0
Nov 2024145.5154.4
Oct 2024143.8152.7
Sep 2024139.1150.4
Aug 2024137.4147.6
Jul 2024137.2145.3
Jun 2024138.7143.6
May 2024134.6142.9
Apr 2024127.5141.6
Mar 2024130.3140.2
Feb 2024125.8138.4
Jan 2024127.3137.5
Dec 2023123.6136.3
Nov 2023126.9135.8
Oct 2023119.5136.3
Sep 2023117.4136.7
Aug 2023113.0136.5
Jul 2023114.9135.3
Jun 2023115.7134.7
May 2023122.4134.0
Apr 2023125.0132.3
Mar 2023128.4131.6
Feb 2023128.7131.1
Jan 2023127.5131.8
Dec 2022126.6129.4
Nov 2022124.8128.6
Oct 2022115.2126.0
Sep 2022109.6126.8
Aug 2022109.6125.5
Jul 2022114.2125.7
Jun 2022109.8124.8
May 2022108.0122.4
Apr 2022110.5120.3
Mar 2022112.8118.1
Feb 2022113.5116.6
Jan 2022113.5114.6
Dec 2021109.2114.0
Nov 2021103.8112.9
Oct 202199.9111.0
Sep 202199.6109.7
Aug 202199.2108.3
Jul 2021100.0108.3
Jun 2021101.0107.8
May 2021102.4107.5
Apr 2021101.6106.5
Mar 202199.3105.3
Feb 202193.2104.2
Jan 202190.6103.8
Dec 202099.6102.6
Nov 202099.1101.5
Oct 202097.0100.4
Sep 202095.3100.1
Aug 202097.0100.1
Jul 2020100.0100.0

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
July 2020January 2021−9.4%63
May 2021August 2021−3.1%33
February 2022May 2022−4.8%32
July 2022August 2022−4.0%12
February 2023August 2023−12.2%67
July 2025August 2025−6.9%15
March 2026June 2026−6.5%32

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 Montemor-o-Velho

Next 12 months

Asking prices have an 80% chance of landing between €1,445/m² and €1,799/m² by September 2027.

Expected, September 2027
€1,622/m²
Chance of a rise
99%

Affordability

At the bank valuation, a 90 m² home costs €129,600. With 10% down and a 30-year mortgage, the payment is €492 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
18%
Payment, one income
36%

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
€581
Owning per month
€405

Asking against valuation

Sellers ask 8.8% less than banks value homes at. A year ago the gap was −15.7%.

Gap today
−8.8%
Change in a year
+6.9 pp

New homes

35.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
36
Per 1,000 residents
1.4

Foreign buyers

Figures for Região de Coimbra: Montemor-o-Velho has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 10.7% less per m² than buyers living in Portugal.

Abroad against residents
−10.7%

People and new homes

In 2025 the population grew by 130 while 14 homes were finished: 9.3 new residents for every new home.

New residents per new home, 2025
9.3
Population change, 2025
+130

Empty homes

16.4% of the 13,295 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
16.4%
Empty homes
2,184

Renovation

In 2025, 20% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
20%
Reconstructions per 100 new buildings
20.0

Public housing works

Public bodies signed €2.4M of housing works here in 2025, and €2.8M since 2012.

Signed in 2025
€2.4M
Per resident, 2025
€93

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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