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Penacova · report

Past price cycles in Penacova

Asking prices have fallen by 3% or more once since 2016. That fall began in October 2016.

Deepest fall
−41.7%
Recovery from the low
Not yet

Prices in Penacova and Portugal, indexed

Asking prices, both set to 100 in August 2016.

  • Penacova
  • Portugal
  • 100 = August 2016
Show the numbers
PeriodPenacovaPortugal
Sep 202688.2268.8
Aug 202690.3267.0
Jul 202691.4267.3
Jun 202692.8267.4
May 202693.0266.3
Apr 202690.7266.3
Mar 202688.4264.3
Feb 202685.7261.5
Jan 202683.1259.1
Dec 202580.6256.5
Nov 202577.2255.0
Oct 202579.5251.7
Sep 202580.2249.2
Aug 202582.7248.4
Jul 202581.7247.5
Jun 202578.9244.6
May 202577.2240.7
Apr 202575.7238.7
Mar 202577.9235.8
Feb 202576.4232.7
Jan 202574.9229.2
Dec 202483.1226.5
Nov 202480.2223.0
Oct 202477.4220.6
Sep 202474.5219.5
Aug 202471.7218.7
Jul 202468.6218.5
Jun 202465.8216.7
May 202465.2215.5
Apr 202466.9212.4
Mar 202467.9210.8
Feb 202468.6209.2
Jan 202462.2208.0
Dec 202364.4205.4
Nov 202366.5203.6
Oct 202368.6200.5
Sep 202370.7199.0
Aug 202373.0198.6
Jul 202378.3199.3
Jun 202376.8199.1
May 202376.4197.3
Apr 202372.4196.4
Mar 202371.5194.6
Feb 202373.2193.6
Jan 202374.9192.3
Dec 202276.6191.4
Nov 202278.7191.0
Oct 202279.1188.1
Sep 202281.7187.0
Aug 202280.2186.7
Jul 202277.9186.4
Jun 202274.0186.3
May 202275.7186.1
Apr 202277.6185.1
Mar 202279.5185.2
Feb 202285.2184.3
Jan 202284.2183.5
Dec 202186.1183.3
Nov 202183.3182.8
Oct 202180.6181.8
Sep 202180.0179.6
Aug 202177.2178.9
Jul 202174.3178.2
Jun 202177.2176.6
May 202176.8175.5
Apr 202172.8174.6
Mar 202174.9174.5
Feb 202177.2173.9
Jan 202179.5174.4
Dec 202080.2173.3
Nov 202083.1171.9
Oct 202082.5169.7
Sep 202082.3167.8
Aug 202080.6166.9
Jul 202081.4165.9
Jun 202080.4166.7
May 202080.2167.4
Apr 202078.9168.2
Mar 202081.7166.5
Feb 202082.5165.4
Jan 202081.2163.5
Dec 201983.3164.6
Nov 201980.6163.7
Oct 201979.1163.3
Sep 201978.5163.0
Aug 201978.1163.2
Jul 201978.5163.3
Jun 201975.5160.8
May 201979.3157.0
Apr 201981.6153.6
Mar 201982.7152.0
Feb 201981.6150.0
Jan 201983.5148.5
Dec 201884.6148.0
Nov 201885.6146.9
Oct 201880.8145.1
Sep 201886.3141.8
Aug 201887.3139.1
Jul 201886.5138.7
Jun 201881.9135.6
May 201879.7134.4
Apr 201884.2131.6
Mar 201884.0130.2
Feb 201883.7129.6
Jan 201888.6127.6
Dec 201793.5128.0
Nov 201798.5126.5
Oct 2017102.3124.6
Sep 2017101.7122.0
Aug 2017102.1120.3
Jul 2017101.5118.2
Jun 201798.9116.7
May 201796.4114.0
Apr 201793.7113.8
Mar 201793.7112.6
Feb 201795.4110.7
Jan 201797.1109.4
Dec 2016101.3108.5
Nov 2016104.8107.8
Oct 2016106.7105.7
Sep 2016101.7102.7
Aug 2016100.0100.0

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
October 2016January 2024−41.7%87Not 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 Penacova

Next 12 months

Asking prices have an 80% chance of landing between €392/m² and €537/m² by September 2027.

Expected, September 2027
€464/m²
Chance of a rise
50%

Affordability

At the median sale price, a 90 m² home costs €54,000. With 10% down and a 30-year mortgage, the payment is €205 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
9%
Payment, one income
17%

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
€403
Owning per month
€189

New homes

33.4% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
12
Per 1,000 residents
0.9

Foreign buyers

Figures for Região de Coimbra: Penacova 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 fell by 53 while 14 homes were finished.

Homes finished, 2025
14
Population change, 2025
−53

Empty homes

17.0% of the 8,376 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
17.0%
Empty homes
1,421

Renovation

In 2025, 30% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
30%
Reconstructions per 100 new buildings
10.5

Public housing works

Public bodies signed €2.2M of housing works here in 2025, and €2.3M since 2012.

Signed in 2025
€2.2M
Per resident, 2025
€168

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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