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Portimão · report

New homes in Portimão

11.9% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
256
Per 1,000 residents
3.3

Homes licensed for construction in Portimão

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

  • Portimão
  • Ten-year average
Show the numbers
PeriodPortimão
Aug 2026256
Jul 2026300
Jun 2026288
May 2026334
Apr 2026503
Mar 2026530
Feb 2026614
Jan 2026602
Dec 2025594
Nov 2025595
Oct 2025591
Sep 2025434
Aug 2025483
Jul 2025523
Jun 2025519
May 2025552
Apr 2025417
Mar 2025294
Feb 2025264
Jan 2025338
Dec 2024274
Nov 2024319
Oct 2024320
Sep 2024287
Aug 2024287
Jul 2024243
Jun 2024171
May 2024150
Apr 2024199
Mar 2024204
Feb 2024222
Jan 2024187
Dec 2023192
Nov 2023232
Oct 2023312
Sep 2023360
Aug 2023414
Jul 2023428
Jun 2023440
May 2023433
Apr 2023386
Mar 2023388
Feb 2023370
Jan 2023369
Dec 2022352
Nov 2022325
Oct 2022259
Sep 2022255
Aug 2022211
Jul 2022188
Jun 2022174
May 2022173
Apr 2022173
Mar 2022169
Feb 2022168
Jan 2022163
Dec 2021160
Nov 2021150
Oct 2021142
Jul 202189
Apr 202183
Jan 202177
Oct 2020133
Sep 2020157
Aug 2020166
Jul 2020187
Jun 2020246
May 2020225
Apr 2020225
Mar 2020216
Feb 2020223
Jan 2020221
Dec 2019205
Nov 2019157
Oct 2019143
Sep 2019209
Aug 2019168
Jul 2019100
Jun 2019176
May 2019165
Apr 2019127
Mar 2019248
Feb 2019197
Jan 2019153
Dec 2018202
Nov 2018207
Oct 2018179
Sep 2018178
Aug 2018163
Jul 2018160
Jun 2018115
May 201872
Apr 201873
Mar 201842
Feb 201829
Jan 201845
Dec 201734
Nov 201726
Oct 201726
Sep 201713
Aug 201712
Jul 201727
Jun 201732
May 201738
Apr 201749
Mar 201738
Feb 201738
Jan 201748
Dec 201638
Nov 201645
Oct 201657
Sep 201653
Aug 201649
Jul 201665
Jun 201641
May 201633
Apr 201639
Mar 201650
Feb 201633
Jan 201659
Dec 201577
Nov 201527
Oct 201546
Sep 201565
Aug 201518
Jul 201539
Jun 201553
May 201514
Apr 201537
Mar 201539
Feb 201514
Jan 201516
Dec 201418
Nov 201410
Oct 201417
Sep 201418
Aug 201415
Jul 201415
Jun 201436
May 201426
Apr 201432
Mar 201431
Feb 201429
Jan 2014103
Dec 2013103
Nov 2013105
Oct 2013106
Sep 2013104
Aug 2013100
Jul 2013105
Jun 201389
May 201388
Apr 201396
Mar 201396
Feb 201392
Jan 201326
Dec 201225
Nov 201221
Oct 201231
Sep 201241
Aug 201243
Jul 201244
Jun 201244
May 201244
Apr 201244
Mar 201241
Feb 201243
Jan 201243
Dec 201142
Nov 201159
Oct 201153
Sep 201140
Aug 201138

Homes finished and licensed each year in Portimão

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
202583594
2024122317
2023123192
202269352
202173160
2020106134
201917160
201869202
20171537
20162039
20158857
201413515
201386103
201214925
201118942
Homes finished per 1,000 residents, 2025
1.1

Who built the homes finished in Portimão

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
202581.9%18.1%0.0%0.0%83
202483.6%16.4%0.0%0.0%122
202364.2%35.8%0.0%0.0%123
202275.4%24.6%0.0%0.0%69
202184.9%15.1%0.0%0.0%73
202080.2%18.9%0.0%0.9%106
201929.4%70.6%0.0%0.0%17
201853.6%46.4%0.0%0.0%69
201720.0%80.0%0.0%0.0%15
201655.0%45.0%0.0%0.0%20
201590.9%9.1%0.0%0.0%88
201493.3%6.7%0.0%0.0%135
201370.9%29.1%0.0%0.0%86
201286.6%13.4%0.0%0.0%149
201165.1%34.9%0.0%0.0%189

Homes finished in Portimão, 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
202530.1%31.3%28.9%9.6%83
20244.9%44.3%47.5%3.3%122
202321.1%37.4%35.8%5.7%123
20220.0%39.1%49.3%11.6%69
202146.6%23.3%30.1%0.0%73
202023.6%26.4%49.1%0.9%106
20190.0%11.8%70.6%17.6%17
20187.2%47.8%40.6%4.3%69
20170.0%26.7%33.3%40.0%15
20165.0%35.0%30.0%30.0%20
201510.2%40.9%34.1%14.8%88
201418.5%57.0%20.7%3.7%135
201312.8%43.0%29.1%15.1%86
201223.5%49.0%22.8%4.7%149
201125.9%41.8%24.9%7.4%189

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 Portimão

Next 12 months

Asking prices have an 80% chance of landing between €3,727/m² and €4,078/m² by September 2027.

Expected, September 2027
€3,903/m²
Chance of a rise
99%

Affordability

At the bank valuation, a 90 m² home costs €264,690. With 10% down and a 30-year mortgage, the payment is €1,004 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
46%
Payment, one income
92%

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
€1,053
Owning per month
€1,029

Asking against valuation

Sellers ask 22.3% more than banks value homes at. A year ago the gap was +26.8%.

Gap today
+22.3%
Change in a year
−4.5 pp

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 21.3% more per m² than buyers living in Portugal.

Abroad against residents
+21.3%

Past cycles

Bank valuations have fallen by 3% or more 6 times since 2011. The deepest began in September 2011.

Deepest fall
−27.7%
Recovery from the low
35 months

People and new homes

In 2025 the population grew by 354 while 83 homes were finished: 4.3 new residents for every new home.

New residents per new home, 2025
4.3
Population change, 2025
+354

Empty homes

9.7% of the 49,296 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
9.7%
Empty homes
4,783

Renovation

In 2025, 0% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
0%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €29.8K of housing works here in 2024, and €2.5M since 2012.

Signed in 2024
€29.8K
Per resident, 2024
€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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