Silves · report
Renovation in Silves
In 2025, 59% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.
- Work on existing buildings, 2025
- 59%
- Reconstructions per 100 new buildings
- 0.0
Buildings finished in Silves, by kind of work
Buildings completed each year: new construction, extensions, alterations and reconstructions. INE.
- Reconstructions
- Alterations
- Extensions
- New construction
Show the numbers
| Year | New construction | Extensions | Alterations | Reconstructions | Total |
|---|---|---|---|---|---|
| 2025 | 49 | 66 | 5 | 0 | 120 |
| 2024 | 48 | 61 | 8 | 0 | 117 |
| 2023 | 50 | 45 | 3 | 2 | 100 |
| 2022 | 52 | 49 | 3 | 0 | 104 |
| 2021 | 57 | 36 | 4 | 3 | 100 |
| 2020 | 44 | 30 | 3 | 0 | 77 |
| 2019 | 31 | 18 | 7 | 4 | 60 |
| 2018 | 20 | 21 | 8 | 13 | 62 |
| 2017 | 20 | 13 | 3 | 17 | 53 |
| 2016 | 30 | 23 | 2 | 19 | 74 |
| 2015 | 17 | 20 | 1 | 21 | 59 |
| 2014 | 22 | 21 | 0 | 9 | 52 |
| 2013 | 22 | 30 | 5 | 3 | 60 |
| 2012 | 53 | 32 | 21 | 5 | 111 |
| 2011 | 124 | 27 | 22 | 1 | 174 |
INE counts buildings, not homes, and every kind of building, not only housing. A reconstruction rebuilds an existing building; an alteration changes its layout or use.
Other reports for Silves
Asking prices have an 80% chance of landing between €3,298/m² and €3,919/m² by September 2027.
- Expected, September 2027
- €3,608/m²
- Chance of a rise
- 81%
At the bank valuation, a 90 m² home costs €254,700. With 10% down and a 30-year mortgage, the payment is €966 a month. Banco de Portugal caps it at 50% of a household's net income.
- Payment, two incomes
- 44%
- Payment, one income
- 88%
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
- €917
- Owning per month
- €903
Sellers ask 20.1% more than banks value homes at. A year ago the gap was +22.8%.
- Gap today
- +20.1%
- Change in a year
- −2.7 pp
16.3% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 98
- Per 1,000 residents
- 2.1
Over the last 12 months, buyers domiciled abroad paid 0.8% less per m² than buyers living in Portugal.
- Abroad against residents
- −0.8%
Bank valuations have fallen by 3% or more 16 times since 2015. The deepest began in September 2020.
- Deepest fall
- −13.6%
- Recovery from the low
- 6 months
In 2025 the population grew by 312 while 86 homes were finished: 3.6 new residents for every new home.
- New residents per new home, 2025
- 3.6
- Population change, 2025
- +312
11.8% of the 33,498 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 11.8%
- Empty homes
- 3,953
Public bodies signed €197.9K of housing works here in 2025, and €296.9K since 2012.
- Signed in 2025
- €197.9K
- Per resident, 2025
- €4
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