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Ourém · report

Past price cycles in Ourém

Bank valuations have fallen by 3% or more 11 times since 2015. The deepest began in October 2020.

Deepest fall
−22.5%
Recovery from the low
7 months

Prices in Ourém and Portugal, indexed

Bank valuations, both set to 100 in September 2015.

  • Ourém
  • Portugal
  • 100 = September 2015
Show the numbers
PeriodOurémPortugal
Sep 2026207.8293.2
Aug 2026207.3290.1
Jul 2026229.4288.3
Jun 2026233.9286.7
May 2026234.7284.2
Apr 2026233.9279.8
Mar 2026224.0276.8
Feb 2026217.0273.1
Jan 2026215.9270.9
Dec 2025216.5267.8
Nov 2025221.0265.1
Oct 2025221.8260.6
Sep 2025229.9256.8
Aug 2025233.1252.9
Jul 2025234.4250.3
Jun 2025219.3245.9
May 2025210.4242.7
Apr 2025196.0240.2
Mar 2025205.3237.7
Feb 2025198.3232.9
Jan 2025187.9228.3
Dec 2024195.7224.8
Nov 2024196.0223.9
Oct 2024206.0221.5
Sep 2024179.8218.1
Aug 2024187.3214.2
Jul 2024176.9210.8
Jun 2024181.0208.2
May 2024173.4207.2
Apr 2024173.9205.4
Mar 2024175.5203.3
Feb 2024172.2200.8
Jan 2024162.8199.5
Dec 2023156.5197.7
Nov 2023157.5196.9
Oct 2023156.7197.7
Sep 2023166.9198.3
Aug 2023161.7197.9
Jul 2023166.1196.3
Jun 2023155.4195.4
May 2023155.4194.3
Apr 2023146.8191.9
Mar 2023159.0190.9
Feb 2023148.9190.2
Jan 2023154.9191.1
Dec 2022149.3187.6
Nov 2022162.0186.5
Oct 2022169.1182.8
Sep 2022170.1183.9
Aug 2022152.1182.0
Jul 2022144.5182.4
Jun 2022142.3181.1
May 2022151.7177.6
Apr 2022154.4174.5
Mar 2022165.5171.3
Feb 2022151.9169.1
Jan 2022136.4166.3
Dec 2021133.1165.4
Nov 2021137.7163.7
Oct 2021137.9161.0
Sep 2021127.9159.1
Aug 2021117.7157.1
Jul 2021117.7157.1
Jun 2021125.8156.4
May 2021124.8156.0
Apr 2021128.9154.4
Mar 2021122.6152.8
Feb 2021128.9151.1
Jan 2021135.7150.6
Dec 2020139.8148.8
Nov 2020144.3147.2
Oct 2020151.9145.6
Sep 2020150.9145.2
Aug 2020146.8145.2
Jul 2020126.6145.0
Jun 2020131.9144.0
May 2020125.1143.4
Apr 2020130.4143.0
Mar 2020126.4142.9
Feb 2020128.6143.0
Jan 2020125.6142.0
Dec 2019122.8140.4
Nov 2019116.2138.5
Oct 2019120.0137.6
Sep 2019120.7137.2
Aug 2019133.2135.6
Jul 2019131.1134.4
Jun 2019133.4132.6
May 2019122.3131.7
Apr 2019136.4130.6
Mar 2019133.6129.5
Feb 2019133.6128.7
Jan 2019124.5126.5
Dec 2018115.2125.7
Nov 2018125.3124.6
Oct 2018123.5124.5
Sep 2018122.6123.4
Aug 2018116.2122.4
Jul 2018105.8121.1
Jun 2018105.8119.9
May 2018104.1119.6
Apr 2018104.0118.9
Mar 2018104.3118.4
Feb 2018121.5117.2
Jan 2018125.8116.1
Dec 2017122.6114.7
Nov 2017117.7114.4
Oct 2017111.1114.0
Sep 2017105.0113.4
Aug 2017104.0111.7
Jul 2017101.2110.8
Jun 201797.9110.7
May 2017101.2110.3
Apr 2017102.8109.9
Mar 201799.5109.3
Feb 201799.5109.0
Jan 2017110.4108.2
Dec 2016109.6107.2
Nov 2016110.4106.3
Oct 2016104.1105.5
Sep 2016104.1105.0
Aug 2016102.6104.8
Jul 2016103.0103.7
Jun 2016101.7103.3
May 2016101.3103.0
Apr 2016108.4102.2
Mar 2016109.4101.4
Feb 2016107.4101.0
Jan 2016102.6101.0
Dec 2015105.8101.4
Nov 2015105.1100.8
Oct 2015105.6100.4
Sep 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
March 2016May 2016−7.4%26
January 2017June 2017−11.4%54
January 2018April 2018−17.3%310
April 2019November 2019−14.8%79
October 2020July 2021−22.5%97
March 2022June 2022−14.0%33
September 2022April 2023−13.7%710
August 2024September 2024−4.0%11
October 2024January 2025−8.7%34
July 2025January 2026−7.9%64
May 2026August 2026−11.7%3Not 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 Ourém

Next 12 months

Asking prices have an 80% chance of landing between €1,609/m² and €1,918/m² by September 2027.

Expected, September 2027
€1,763/m²
Chance of a rise
98%

Affordability

At the bank valuation, a 90 m² home costs €113,130. With 10% down and a 30-year mortgage, the payment is €429 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
€621
Owning per month
€446

Asking against valuation

Sellers ask 20.1% more than banks value homes at. A year ago the gap was −6.9%.

Gap today
+20.1%
Change in a year
+27.0 pp

New homes

106.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
239
Per 1,000 residents
4.9

Foreign buyers

Figures for Médio Tejo: Ourém has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 9.9% less per m² than buyers living in Portugal.

Abroad against residents
−9.9%

People and new homes

In 2025 the population grew by 622 while 94 homes were finished: 6.6 new residents for every new home.

New residents per new home, 2025
6.6
Population change, 2025
+622

Empty homes

16.5% of the 29,808 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
16.5%
Empty homes
4,923

Renovation

In 2025, 4% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
4%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €12.8K of housing works here in 2025, and €46.5K since 2012.

Signed in 2025
€12.8K
Per resident, 2025
€0

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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