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Sines · report

Past price cycles in Sines

Asking prices have fallen by 3% or more 8 times since 2016. The deepest began in November 2022.

Deepest fall
−12.5%
Recovery from the low
7 months

Prices in Sines and Portugal, indexed

Asking prices, both set to 100 in April 2016.

  • Sines
  • Portugal
  • 100 = April 2016
Show the numbers
PeriodSinesPortugal
Sep 2026371.3283.2
Aug 2026372.3281.3
Jul 2026386.0281.6
Jun 2026381.2281.7
May 2026373.4280.5
Apr 2026374.5280.5
Mar 2026395.2278.4
Feb 2026388.1275.5
Jan 2026378.5273.0
Dec 2025382.8270.2
Nov 2025368.3268.7
Oct 2025367.4265.2
Sep 2025368.8262.5
Aug 2025370.3261.7
Jul 2025370.4260.7
Jun 2025368.9257.7
May 2025363.4253.6
Apr 2025353.6251.5
Mar 2025344.4248.4
Feb 2025329.8245.2
Jan 2025319.5241.5
Dec 2024318.1238.6
Nov 2024302.3234.9
Oct 2024288.4232.5
Sep 2024303.5231.2
Aug 2024291.9230.4
Jul 2024308.2230.2
Jun 2024305.4228.2
May 2024297.7227.0
Apr 2024312.6223.8
Mar 2024300.4222.1
Feb 2024298.9220.4
Jan 2024297.4219.1
Dec 2023295.7216.4
Nov 2023294.0214.5
Oct 2023280.7211.2
Sep 2023278.5209.6
Aug 2023276.3209.2
Jul 2023264.2209.9
Jun 2023264.9209.7
May 2023258.3207.8
Apr 2023267.1206.9
Mar 2023266.7205.0
Feb 2023269.5203.9
Jan 2023276.2202.6
Dec 2022283.1201.7
Nov 2022295.1201.2
Oct 2022290.1198.2
Sep 2022268.9197.0
Aug 2022283.9196.7
Jul 2022266.2196.4
Jun 2022248.4196.3
May 2022230.6196.1
Apr 2022212.9195.0
Mar 2022195.1195.1
Feb 2022193.8194.2
Jan 2022187.0193.3
Dec 2021186.6193.2
Nov 2021182.4192.6
Oct 2021173.0191.5
Sep 2021174.2189.2
Aug 2021173.1188.4
Jul 2021170.1187.7
Jun 2021167.7186.1
May 2021173.0184.9
Apr 2021176.4183.9
Mar 2021177.1183.9
Feb 2021169.3183.2
Jan 2021170.5183.7
Dec 2020167.4182.5
Nov 2020169.0181.1
Oct 2020166.6178.8
Sep 2020161.2176.8
Aug 2020157.7175.8
Jul 2020154.9174.7
Jun 2020152.6175.6
May 2020145.4176.3
Apr 2020144.5177.2
Mar 2020145.6175.4
Feb 2020142.7174.3
Jan 2020140.4172.3
Dec 2019139.1173.4
Nov 2019136.7172.5
Oct 2019134.3172.0
Sep 2019123.5171.8
Aug 2019127.0171.9
Jul 2019128.3172.0
Jun 2019128.3169.4
May 2019125.3165.4
Apr 2019125.6161.8
Mar 2019125.2160.1
Feb 2019124.6158.1
Jan 2019125.1156.4
Dec 2018121.4156.0
Nov 2018121.1154.7
Oct 2018121.5152.9
Sep 2018122.3149.4
Aug 2018122.8146.6
Jul 2018123.6146.1
Jun 2018120.5142.9
May 2018119.7141.6
Apr 2018118.8138.6
Mar 2018119.2137.2
Feb 2018121.0136.6
Jan 2018119.5134.5
Dec 2017123.0134.8
Nov 2017121.7133.2
Oct 2017121.1131.3
Sep 2017121.3128.5
Aug 2017121.0126.8
Jul 2017118.3124.6
Jun 2017117.6122.9
May 2017114.3120.1
Apr 2017115.0119.9
Mar 2017114.5118.6
Feb 2017114.6116.7
Jan 2017113.4115.3
Dec 2016111.3114.3
Nov 2016110.3113.6
Oct 2016110.9111.3
Sep 2016108.7108.2
Aug 2016107.5105.4
Jul 2016108.2101.8
Jun 2016115.2101.7
May 2016100.2100.6
Apr 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
June 2016August 2016−6.7%210
December 2017April 2018−3.4%43
July 2019September 2019−3.8%21
March 2021June 2021−5.3%35
August 2022September 2022−5.3%11
November 2022May 2023−12.5%67
April 2024October 2024−7.8%62
March 2026September 2026−6.1%6Not 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 Sines

Next 12 months

Asking prices have an 80% chance of landing between €3,049/m² and €4,040/m² by September 2027.

Expected, September 2027
€3,544/m²
Chance of a rise
31%

Affordability

At the bank valuation, a 90 m² home costs €256,410. With 10% down and a 30-year mortgage, the payment is €973 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
38%
Payment, one income
75%

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
€1,356
Owning per month
€818

Asking against valuation

Sellers ask 31.1% more than banks value homes at. A year ago the gap was +68.3%.

Gap today
+31.1%
Change in a year
−37.2 pp

New homes

36.0% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
78
Per 1,000 residents
4.6

Foreign buyers

Figures for Alentejo Litoral: Sines has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 0.5% more per m² than buyers living in Portugal.

Abroad against residents
+0.5%

People and new homes

In 2025 the population grew by 14 while 44 homes were finished: 0.3 new residents for every new home.

New residents per new home, 2025
0.3
Population change, 2025
+14

Empty homes

12.1% of the 8,653 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
12.1%
Empty homes
1,046

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
4.3

Public housing works

Public bodies signed €1.9M of housing works here in 2023, and €2M since 2012.

Signed in 2023
€1.9M
Per resident, 2023
€116

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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