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Norte · report

New homes in Norte

65.0% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
20,517
Per 1,000 residents
5.4

Homes licensed for construction in Norte

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

  • Norte
  • Ten-year average
Show the numbers
PeriodNorte
Aug 202620,517
Jul 202620,482
Jun 202620,389
May 202620,130
Apr 202619,785
Mar 202619,592
Feb 202619,229
Jan 202619,141
Dec 202519,046
Nov 202519,038
Oct 202518,736
Sep 202518,361
Aug 202518,142
Jul 202517,669
Jun 202517,427
May 202517,396
Apr 202517,703
Mar 202516,946
Feb 202516,440
Jan 202516,350
Dec 202416,069
Nov 202415,885
Oct 202415,652
Sep 202415,569
Aug 202415,706
Jul 202415,645
Jun 202415,429
May 202415,254
Apr 202414,667
Mar 202414,833
Feb 202415,510
Jan 202415,348
Dec 202315,697
Nov 202315,702
Oct 202315,390
Sep 202314,895
Aug 202314,472
Jul 202314,327
Jun 202314,746
May 202314,524
Apr 202314,585
Mar 202314,653
Feb 202314,373
Jan 202314,809
Dec 202214,312
Nov 202214,082
Oct 202214,178
Sep 202214,186
Aug 202213,818
Jul 202214,173
Jun 202214,244
May 202214,232
Apr 202213,963
Mar 202213,704
Feb 202213,519
Jan 202212,975
Dec 202113,233
Nov 202113,538
Oct 202113,393
Jul 202113,366
Apr 202112,650
Jan 202111,777
Oct 202011,414
Sep 202011,550
Aug 202011,810
Jul 202011,617
Jun 202011,490
May 202011,188
Apr 202011,160
Mar 202011,063
Feb 202011,014
Jan 202011,179
Dec 201911,113
Nov 201911,236
Oct 201911,090
Sep 201910,927
Aug 201910,312
Jul 201910,163
Jun 201910,007
May 201910,124
Apr 201910,051
Mar 20199,968
Feb 201910,117
Jan 20199,851
Dec 20189,355
Nov 20188,791
Oct 20188,484
Sep 20188,088
Aug 20188,007
Jul 20187,679
Jun 20187,418
May 20187,052
Apr 20186,758
Mar 20186,705
Feb 20186,206
Jan 20185,866
Dec 20175,891
Nov 20175,807
Oct 20175,702
Sep 20175,552
Aug 20175,488
Jul 20175,521
Jun 20175,477
May 20175,389
Apr 20175,233
Mar 20175,168
Feb 20174,971
Jan 20174,760
Dec 20164,581
Nov 20164,481
Oct 20164,344
Sep 20164,271
Aug 20164,056
Jul 20163,924
Jun 20163,880
May 20163,713
Apr 20163,561
Mar 20163,536
Feb 20163,442
Jan 20163,504
Dec 20153,542
Nov 20153,462
Oct 20153,463
Sep 20153,432
Aug 20153,367
Jul 20153,344
Jun 20153,348
May 20153,224
Apr 20153,184
Mar 20153,096
Feb 20153,091
Jan 20153,031
Dec 20142,901
Nov 20142,936
Oct 20142,855
Sep 20142,813
Aug 20142,884
Jul 20142,815
Jun 20143,028
May 20143,130
Apr 20143,077
Mar 20143,208
Feb 20143,290
Jan 20143,190
Dec 20133,352
Nov 20133,488
Oct 20133,459
Sep 20133,631
Aug 20133,722
Jul 20133,827
Jun 20133,797
May 20133,960
Apr 20134,134
Mar 20134,191
Feb 20134,478
Jan 20134,546
Dec 20124,853
Nov 20124,938
Oct 20124,977
Sep 20125,089
Aug 20125,416
Jul 20125,422
Jun 20125,586
May 20125,806
Apr 20125,813
Mar 20125,941
Feb 20126,113
Jan 20126,306
Dec 20116,384
Nov 20116,652
Oct 20116,870
Sep 20116,397
Aug 20115,821

Homes finished and licensed each year in Norte

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
202511,87319,046
202410,57015,984
20239,96715,706
20228,88014,322
20218,71513,233
20207,40911,757
20195,00311,080
20184,0759,375
20173,0835,862
20163,2624,554
20152,8783,544
20143,3742,901
20134,9513,373
20127,3154,872
20119,3116,387
Homes finished per 1,000 residents, 2025
3.1

Who built the homes finished in Norte

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
202565.2%34.2%0.2%0.4%11,873
202461.5%38.3%0.1%0.1%10,570
202360.8%38.6%0.3%0.3%9,967
202253.7%46.2%0.1%0.0%8,880
202152.4%45.8%1.6%0.1%8,715
202057.0%42.5%0.4%0.1%7,409
201944.1%55.1%0.4%0.5%5,003
201838.3%60.1%1.1%0.5%4,075
201732.3%67.3%0.4%0.0%3,083
201632.7%65.5%1.7%0.1%3,262
201524.0%73.0%2.6%0.5%2,878
201424.8%72.1%3.1%0.1%3,374
201329.3%68.8%1.3%0.6%4,951
201223.4%73.1%2.9%0.5%7,315
201131.5%65.1%3.1%0.4%9,311

Homes finished in Norte, 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
202521.7%26.2%44.0%8.1%11,873
202418.8%24.4%47.6%9.1%10,570
202319.3%23.1%49.9%7.7%9,967
202214.0%20.9%55.6%9.5%8,880
202116.3%21.2%52.9%9.7%8,715
202014.7%19.8%55.0%10.6%7,409
20199.5%16.1%61.4%13.0%5,003
20187.6%17.9%61.2%13.3%4,075
20175.6%13.9%64.2%16.3%3,083
20167.9%17.7%59.6%14.7%3,262
20157.3%16.1%58.2%18.5%2,878
20144.9%14.6%56.6%23.9%3,374
20136.0%15.5%56.2%22.3%4,951
20126.5%16.1%55.5%21.8%7,315
20116.3%17.3%56.8%19.7%9,311

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 Norte

Next 12 months

Bank valuations have an 80% chance of landing between €2,132/m² and €2,299/m² by September 2027.

Expected, September 2027
€2,216/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €176,040. With 10% down and a 30-year mortgage, the payment is €668 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
28%
Payment, one income
55%

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
€750
Owning per month
€628

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 6.5% more per m² than buyers living in Portugal.

Abroad against residents
+6.5%

Past cycles

Bank valuations have fallen by 3% or more once since 2011. That fall began in April 2011.

Deepest fall
−13.4%
Recovery from the low
43 months

People and new homes

In 2025 the population grew by 12,649 while 11,873 homes were finished: 1.1 new residents for every new home.

New residents per new home, 2025
1.1
Population change, 2025
+12,649

Renovation

In 2025, 18% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
18%
Reconstructions per 100 new buildings
3.1

Public housing works

Public bodies signed €256.3M of housing works here in 2025, and €813.6M since 2012.

Signed in 2025
€256.3M
Per resident, 2025
€68

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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