Imofolio
Sign inGet started for free

Santana · report

Past price cycles in Santana

Asking prices have fallen by 3% or more 8 times since 2017. The deepest began in February 2020.

Deepest fall
−16.2%
Recovery from the low
5 months

Prices in Santana and Portugal, indexed

Asking prices, both set to 100 in January 2017.

  • Santana
  • Portugal
  • 100 = January 2017
Show the numbers
PeriodSantanaPortugal
Sep 2026269.6245.7
Aug 2026260.2244.1
Jul 2026257.9244.3
Jun 2026246.0244.4
May 2026234.2243.4
Apr 2026238.8243.4
Mar 2026233.5241.6
Feb 2026232.3239.0
Jan 2026233.4236.8
Dec 2025228.9234.4
Nov 2025234.5233.1
Oct 2025234.3230.1
Sep 2025231.9227.8
Aug 2025228.9227.0
Jul 2025224.5226.2
Jun 2025220.0223.6
May 2025218.0220.0
Apr 2025208.7218.2
Mar 2025199.4215.5
Feb 2025190.2212.7
Jan 2025180.9209.5
Dec 2024179.4207.0
Nov 2024183.2203.8
Oct 2024176.9201.7
Sep 2024179.0200.6
Aug 2024184.1199.8
Jul 2024185.7199.7
Jun 2024179.6198.0
May 2024188.0197.0
Apr 2024189.2194.1
Mar 2024201.5192.7
Feb 2024197.0191.2
Jan 2024192.7190.1
Dec 2023185.6187.7
Nov 2023178.5186.1
Oct 2023171.4183.3
Sep 2023173.7181.9
Aug 2023177.8181.5
Jul 2023176.8182.1
Jun 2023176.6182.0
May 2023176.5180.3
Apr 2023165.8179.5
Mar 2023166.3177.9
Feb 2023163.4176.9
Jan 2023164.1175.8
Dec 2022158.9175.0
Nov 2022153.5174.6
Oct 2022151.3171.9
Sep 2022145.7170.9
Aug 2022141.7170.6
Jul 2022137.8170.4
Jun 2022133.5170.3
May 2022129.3170.1
Apr 2022125.2169.2
Mar 2022121.5169.3
Feb 2022127.2168.5
Jan 2022132.8167.7
Dec 2021131.6167.6
Nov 2021135.5167.1
Oct 2021127.7166.1
Sep 2021137.9164.2
Aug 2021134.5163.5
Jul 2021129.6162.9
Jun 2021124.7161.4
May 2021119.8160.4
Apr 2021116.3159.6
Mar 2021112.8159.5
Feb 2021109.3159.0
Jan 2021101.0159.4
Dec 2020101.6158.4
Nov 2020108.4157.1
Oct 2020106.1155.1
Sep 2020105.7153.3
Aug 2020108.9152.5
Jul 2020109.1151.6
Jun 2020110.8152.4
May 2020112.5153.0
Apr 2020117.3153.7
Mar 2020120.4152.2
Feb 2020120.5151.2
Jan 2020114.9149.5
Dec 2019118.6150.5
Nov 2019112.0149.6
Oct 2019112.3149.2
Sep 2019114.0149.0
Aug 2019104.3149.2
Jul 2019110.7149.2
Jun 2019105.6147.0
May 2019107.8143.5
Apr 2019110.7140.4
Mar 2019111.1138.9
Feb 2019109.8137.1
Jan 2019107.5135.7
Dec 2018103.9135.3
Nov 2018103.0134.2
Oct 2018105.3132.6
Sep 2018105.0129.6
Aug 2018104.7127.2
Jul 2018109.8126.8
Jun 2018105.7124.0
May 2018101.6122.8
Apr 201897.4120.2
Mar 201892.9119.0
Feb 201895.2118.5
Jan 201899.0116.7
Dec 201795.2117.0
Nov 201798.3115.6
Oct 201797.8113.9
Sep 201799.5111.5
Aug 201797.9110.0
Jul 2017101.1108.1
Jun 2017102.9106.6
May 2017101.2104.2
Apr 201798.1104.0
Mar 2017103.1102.9
Feb 2017100.1101.2
Jan 2017100.0100.0

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 2017March 2018−9.9%123
July 2018November 2018−6.2%43
March 2019August 2019−6.0%51
December 2019January 2020−3.1%11
February 2020January 2021−16.2%115
September 2021March 2022−11.9%65
August 2023October 2023−3.6%21
March 2024October 2024−12.2%76

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 Santana

Next 12 months

Asking prices have an 80% chance of landing between €2,522/m² and €3,051/m² by September 2027.

Expected, September 2027
€2,786/m²
Chance of a rise
100%

Affordability

At the median sale price, a 90 m² home costs €144,450. With 10% down and a 30-year mortgage, the payment is €548 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
25%
Payment, one income
50%

Buy or rent

Figures for Região Autónoma da Madeira: Santana has no reliable figures of its own.

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
€1,109
Owning per month
€849

New homes

64.7% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
10
Per 1,000 residents
1.5

Foreign buyers

Figures for Região Autónoma da Madeira: Santana has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 31.6% more per m² than buyers living in Portugal.

Abroad against residents
+31.6%

People and new homes

In 2025 the population fell by 11 while 6 homes were finished.

Homes finished, 2025
6
Population change, 2025
−11

Empty homes

16.0% of the 4,885 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
16.0%
Empty homes
780

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 €66.5K of housing works here in 2023, and €125.8K since 2012.

Signed in 2023
€66.5K
Per resident, 2023
€10

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/santana/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