Imofolio
Sign inGet started for free

Peniche · report

Past price cycles in Peniche

Bank valuations have fallen by 3% or more 13 times since 2016. The deepest began in August 2025.

Deepest fall
−14.4%
Recovery from the low
5 months

Prices in Peniche and Portugal, indexed

Bank valuations, both set to 100 in May 2016.

  • Peniche
  • Portugal
  • 100 = May 2016
Show the numbers
PeriodPenichePortugal
Sep 2026289.3284.8
Aug 2026293.1281.8
Jul 2026274.2280.0
Jun 2026269.3278.5
May 2026265.0276.0
Apr 2026259.6271.8
Mar 2026244.7268.9
Feb 2026256.0265.3
Jan 2026250.7263.1
Dec 2025253.6260.1
Nov 2025259.9257.5
Oct 2025254.0253.1
Sep 2025273.3249.4
Aug 2025285.8245.6
Jul 2025262.8243.1
Jun 2025253.6238.9
May 2025236.2235.8
Apr 2025233.1233.3
Mar 2025232.5230.9
Feb 2025232.5226.3
Jan 2025226.3221.7
Dec 2024216.4218.4
Nov 2024218.6217.5
Oct 2024218.6215.1
Sep 2024217.5211.9
Aug 2024216.9208.0
Jul 2024222.4204.8
Jun 2024224.0202.3
May 2024223.6201.3
Apr 2024220.1199.5
Mar 2024219.9197.5
Feb 2024219.4195.0
Jan 2024226.0193.8
Dec 2023212.1192.0
Nov 2023201.0191.3
Oct 2023195.6192.0
Sep 2023188.5192.6
Aug 2023188.6192.3
Jul 2023188.6190.6
Jun 2023194.9189.8
May 2023185.4188.8
Apr 2023185.0186.4
Mar 2023184.2185.4
Feb 2023197.2184.8
Jan 2023204.0185.6
Dec 2022197.1182.3
Nov 2022195.4181.1
Oct 2022190.7177.5
Sep 2022185.1178.6
Aug 2022187.9176.8
Jul 2022186.8177.1
Jun 2022193.3175.9
May 2022184.4172.5
Apr 2022176.3169.5
Mar 2022165.3166.4
Feb 2022156.9164.3
Jan 2022161.7161.5
Dec 2021157.1160.6
Nov 2021166.5159.0
Oct 2021145.3156.4
Sep 2021142.2154.5
Aug 2021139.4152.6
Jul 2021146.5152.6
Jun 2021148.1151.9
May 2021147.1151.5
Apr 2021147.4150.0
Mar 2021143.3148.4
Feb 2021146.7146.8
Jan 2021138.2146.3
Dec 2020135.4144.5
Nov 2020135.1143.0
Oct 2020135.3141.4
Sep 2020135.6141.0
Aug 2020137.4141.0
Jul 2020138.9140.9
Jun 2020144.3139.9
May 2020131.8139.3
Apr 2020126.0138.9
Mar 2020123.6138.8
Feb 2020128.8138.9
Jan 2020133.1137.9
Dec 2019129.4136.4
Nov 2019121.4134.5
Oct 2019126.0133.6
Sep 2019128.3133.3
Aug 2019131.0131.8
Jul 2019130.8130.5
Jun 2019132.6128.8
May 2019131.3127.9
Apr 2019122.4126.9
Mar 2019119.6125.8
Feb 2019118.2125.0
Jan 2019121.8122.9
Dec 2018124.6122.1
Nov 2018122.8121.0
Oct 2018115.3120.9
Sep 2018114.0119.9
Aug 2018115.7118.9
Jul 2018120.1117.6
Jun 2018122.4116.5
May 2018129.0116.1
Apr 2018127.4115.5
Mar 2018117.8115.0
Feb 2018108.6113.9
Jan 2018106.8112.8
Dec 2017108.2111.4
Nov 2017115.4111.1
Oct 2017116.5110.8
Sep 2017116.5110.1
Aug 2017113.2108.5
Jul 2017107.2107.6
Jun 2017108.5107.5
May 2017110.7107.1
Apr 2017110.7106.7
Mar 2017108.9106.1
Feb 2017102.1105.9
Jan 2017103.1105.1
Dec 201698.5104.1
Nov 201693.8103.3
Oct 201691.3102.5
Sep 201699.2102.0
Aug 2016102.6101.8
Jul 2016105.4100.8
Jun 2016100.8100.4
May 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
July 2016October 2016−13.4%35
May 2017July 2017−3.1%21
October 2017January 2018−8.3%32
May 2018September 2018−11.6%48
June 2019November 2019−8.5%52
January 2020March 2020−7.1%23
June 2020November 2020−6.4%53
June 2021August 2021−5.8%23
November 2021February 2022−5.8%32
June 2022September 2022−4.2%32
January 2023March 2023−9.7%29
January 2024December 2024−4.2%111
August 2025March 2026−14.4%75

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 Peniche

Next 12 months

Asking prices have an 80% chance of landing between €2,407/m² and €2,877/m² by September 2027.

Expected, September 2027
€2,642/m²
Chance of a rise
74%

Affordability

At the bank valuation, a 90 m² home costs €187,470. With 10% down and a 30-year mortgage, the payment is €711 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
€716
Owning per month
€736

Asking against valuation

Sellers ask 21.2% more than banks value homes at. A year ago the gap was +12.7%.

Gap today
+21.2%
Change in a year
+8.5 pp

New homes

1.5% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
111
Per 1,000 residents
3.7

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 12.6% more per m² than buyers living in Portugal.

Abroad against residents
+12.6%

People and new homes

In 2025 the population grew by 90 while 101 homes were finished: 0.9 new residents for every new home.

New residents per new home, 2025
0.9
Population change, 2025
+90

Empty homes

9.5% of the 21,524 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
9.5%
Empty homes
2,047

Renovation

In 2025, 26% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
26%
Reconstructions per 100 new buildings
3.8

Public housing works

Public bodies signed €93K of housing works here in 2025, and €1.5M since 2012.

Signed in 2025
€93K
Per resident, 2025
€3

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/peniche/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.

Try free for 3 daysTalk to the team