Imofolio

Mora · report

Past price cycles in Mora

Asking prices have fallen by 3% or more once since 2022. That fall began in December 2022.

Deepest fall
−17.5%
Recovery from the low
14 months

Prices in Mora and Portugal, indexed

Asking prices, both set to 100 in August 2022.

  • Mora
  • Portugal
  • 100 = August 2022
Show the numbers
PeriodMoraPortugal
Sep 2026207.7144.0
Aug 2026207.0143.0
Jul 2026200.4143.2
Jun 2026193.8143.2
May 2026189.8142.6
Apr 2026185.8142.6
Mar 2026179.0141.6
Feb 2026172.2140.1
Jan 2026165.4138.8
Dec 2025159.2137.4
Nov 2025152.9136.6
Oct 2025152.9134.8
Sep 2025150.4133.5
Aug 2025147.9133.1
Jul 2025145.4132.6
Jun 2025139.3131.0
May 2025135.3128.9
Apr 2025134.2127.9
Mar 2025131.2126.3
Feb 2025128.3124.7
Jan 2025125.3122.8
Dec 2024120.7121.3
Nov 2024116.0119.4
Oct 2024113.1118.2
Sep 2024109.9117.6
Aug 2024109.5117.1
Jul 2024108.1117.0
Jun 2024108.5116.1
May 2024105.6115.4
Apr 2024105.2113.8
Mar 2024109.9112.9
Feb 2024106.1112.0
Jan 2024102.5111.4
Dec 202397.9110.0
Nov 202397.5109.1
Oct 202395.8107.4
Sep 2023100.2106.6
Aug 2023104.7106.4
Jul 2023109.2106.7
Jun 2023112.1106.6
May 2023107.0105.7
Apr 2023108.9105.2
Mar 2023110.6104.2
Feb 2023112.5103.7
Jan 2023114.2103.0
Dec 2022116.1102.5
Nov 2022112.1102.3
Oct 2022108.1100.8
Sep 2022106.0100.2
Aug 2022100.0100.0

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
December 2022October 2023−17.5%1014

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 Mora

Asking prices have an 80% chance of landing between €2,056/m² and €2,299/m² by September 2027.

Expected, September 2027
€2,178/m²
Chance of a rise
100%

At the median sale price, a 90 m² home costs €95,940. With 10% down and a 30-year mortgage, the payment is €364 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
15%
Payment, one income
29%

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
€375
Owning per month
€337

13.9% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
3
Per 1,000 residents
0.7

Figures for Alentejo: Mora has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 24.9% more per m² than buyers living in Portugal.

Abroad against residents
+24.9%

In 2025 the population fell by 16 while 3 homes were finished.

Homes finished, 2025
3
Population change, 2025
−16

20.9% of the 3,826 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
20.9%
Empty homes
799

In 2025, 25% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
25%
Reconstructions per 100 new buildings
0.0

Public bodies signed €6.8K of housing works here in 2012, and €6.8K since 2012.

Signed in 2012
€6.8K
Per resident, 2012
€2

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/mora/cycles

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.