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Nazaré · report

Past price cycles in Nazaré

Asking prices have fallen by 3% or more 4 times since 2015. The deepest began in April 2015.

Deepest fall
−14.8%
Recovery from the low
21 months

Prices in Nazaré and Portugal, indexed

Asking prices, both set to 100 in March 2015.

  • Nazaré
  • Portugal
  • 100 = March 2015
Show the numbers
PeriodNazaréPortugal
Sep 2026249.5317.4
Aug 2026250.9315.3
Jul 2026246.6315.6
Jun 2026244.7315.7
May 2026249.7314.5
Apr 2026249.5314.5
Mar 2026250.2312.1
Feb 2026244.8308.8
Jan 2026243.3306.0
Dec 2025243.3302.9
Nov 2025243.7301.2
Oct 2025240.4297.2
Sep 2025233.8294.3
Aug 2025227.0293.3
Jul 2025220.4292.2
Jun 2025213.7288.9
May 2025200.2284.3
Apr 2025209.4281.9
Mar 2025209.2278.5
Feb 2025210.7274.8
Jan 2025209.3270.7
Dec 2024213.1267.5
Nov 2024204.2263.3
Oct 2024201.9260.6
Sep 2024199.8259.2
Aug 2024205.5258.2
Jul 2024207.7258.0
Jun 2024213.5255.9
May 2024216.1254.5
Apr 2024219.7250.8
Mar 2024214.3249.0
Feb 2024208.9247.0
Jan 2024204.9245.6
Dec 2023198.0242.6
Nov 2023191.1240.4
Oct 2023186.2236.8
Sep 2023183.8235.0
Aug 2023181.7234.5
Jul 2023186.2235.3
Jun 2023186.3235.1
May 2023185.1232.9
Apr 2023183.4232.0
Mar 2023182.8229.8
Feb 2023180.7228.6
Jan 2023177.1227.1
Dec 2022180.4226.1
Nov 2022180.0225.6
Oct 2022179.5222.1
Sep 2022179.9220.8
Aug 2022178.0220.5
Jul 2022178.8220.2
Jun 2022175.5220.1
May 2022172.3219.8
Apr 2022165.8218.6
Mar 2022159.1218.7
Feb 2022152.5217.7
Jan 2022148.6216.7
Dec 2021158.9216.5
Nov 2021152.0215.9
Oct 2021148.2214.7
Sep 2021146.9212.1
Aug 2021148.0211.2
Jul 2021148.0210.4
Jun 2021146.1208.6
May 2021147.7207.3
Apr 2021147.9206.2
Mar 2021140.0206.1
Feb 2021139.2205.4
Jan 2021137.8205.9
Dec 2020134.1204.6
Nov 2020134.2202.9
Oct 2020132.7200.4
Sep 2020132.2198.1
Aug 2020130.0197.1
Jul 2020128.6195.9
Jun 2020130.2196.9
May 2020126.2197.6
Apr 2020122.6198.6
Mar 2020124.5196.7
Feb 2020121.9195.4
Jan 2020122.7193.1
Dec 2019128.3194.4
Nov 2019129.0193.3
Oct 2019129.6192.8
Sep 2019129.0192.5
Aug 2019126.8192.7
Jul 2019127.7192.8
Jun 2019130.8189.9
May 2019136.0185.4
Apr 2019136.4181.4
Mar 2019131.6179.4
Feb 2019139.5177.2
Jan 2019141.4175.3
Dec 2018136.1174.8
Nov 2018130.8173.5
Oct 2018125.5171.4
Sep 2018120.1167.5
Aug 2018116.2164.3
Jul 2018113.0163.8
Jun 2018109.9160.2
May 2018105.9158.7
Apr 2018101.9155.4
Mar 201899.1153.8
Feb 201895.7153.1
Jan 201895.2150.7
Dec 201796.0151.1
Nov 201798.1149.4
Oct 201798.0147.2
Sep 201795.2144.1
Aug 201793.1142.1
Jul 201791.5139.6
Jun 201789.0137.8
May 201786.9134.6
Apr 201789.0134.4
Mar 201788.3132.9
Feb 201789.0130.8
Jan 201789.8129.2
Dec 201691.7128.1
Nov 201690.1127.3
Oct 201688.5124.8
Sep 201689.3121.3
Aug 201688.2118.1
Jul 201686.3114.1
Jun 201687.5114.0
May 201689.8112.8
Apr 201689.8112.1
Mar 201687.7113.1
Feb 201687.5112.8
Jan 201686.4111.5
Dec 201588.9109.5
Nov 201591.8107.8
Oct 201594.7107.2
Sep 201597.6106.5
Aug 2015100.2105.5
Jul 2015100.2104.6
Jun 201599.7105.0
May 2015100.8102.7
Apr 2015101.3100.7
Mar 2015100.0100.0

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
April 2015July 2016−14.8%1521
January 2019February 2020−13.8%1314
December 2021January 2022−6.5%12
April 2024September 2024−9.1%510

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 Nazaré

Next 12 months

Asking prices have an 80% chance of landing between €2,917/m² and €3,590/m² by September 2027.

Expected, September 2027
€3,254/m²
Chance of a rise
61%

Affordability

At the bank valuation, a 90 m² home costs €185,850. With 10% down and a 30-year mortgage, the payment is €705 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
31%
Payment, one income
61%

Buy or rent

Owning and renting a 90 m² home cost about the same each month. 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
€815
Owning per month
€839

Asking against valuation

Sellers ask 54.1% more than banks value homes at. A year ago the gap was +42.3%.

Gap today
+54.1%
Change in a year
+11.8 pp

New homes

17.4% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
137
Per 1,000 residents
8.0

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 20.7% more per m² than buyers living in Portugal.

Abroad against residents
+20.7%

People and new homes

In 2025 the population fell by 26 while 117 homes were finished.

Homes finished, 2025
117
Population change, 2025
−26

Empty homes

10.4% of the 13,726 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.4%
Empty homes
1,430

Renovation

In 2025, 42% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
42%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €99K of housing works here in 2023, and €844.8K since 2012.

Signed in 2023
€99K
Per resident, 2023
€6

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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