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Torres Novas · report

New homes in Torres Novas

46.9% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
30
Per 1,000 residents
0.8

Homes licensed for construction in Torres Novas

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

  • Torres Novas
  • Ten-year average
Show the numbers
PeriodTorres Novas
Aug 202630
Jul 202629
Jun 202629
May 202637
Apr 202639
Mar 202638
Feb 202639
Jan 202654
Dec 202558
Nov 202558
Oct 202560
Sep 202559
Aug 202557
Jul 202563
Jun 202563
May 202563
Apr 202558
Mar 202559
Feb 202558
Jan 202556
Dec 202454
Nov 202456
Oct 202456
Sep 202458
Aug 202463
Jul 202480
Jun 202478
May 202475
Apr 202478
Mar 202478
Feb 202491
Jan 202479
Dec 202378
Nov 2023143
Oct 2023145
Sep 2023153
Aug 2023150
Jul 2023127
Jun 2023133
May 2023131
Apr 2023132
Mar 2023138
Feb 2023127
Jan 2023126
Dec 2022128
Nov 202263
Oct 202260
Sep 202252
Aug 202264
Jul 202267
Jun 202270
May 202269
Apr 202269
Mar 202260
Feb 202262
Jan 202265
Dec 202163
Nov 202163
Oct 202164
Jul 202156
Apr 202157
Jan 202162
Oct 202065
Sep 202066
Aug 202063
Jul 202059
Jun 202056
May 202048
Apr 202046
Mar 202049
Feb 202046
Jan 202041
Dec 201937
Nov 201933
Oct 201933
Sep 201929
Aug 201927
Jul 201928
Jun 201928
May 201928
Apr 201930
Mar 201925
Feb 201923
Jan 201925
Dec 201825
Nov 201827
Oct 201825
Sep 201825
Aug 201827
Jul 201826
Jun 201823
May 201821
Apr 201819
Mar 201820
Feb 201820
Jan 201823
Dec 201724
Nov 201722
Oct 201724
Sep 201729
Aug 201730
Jul 201733
Jun 201735
May 201736
Apr 201738
Mar 201738
Feb 201740
Jan 201737
Dec 201637
Nov 201638
Oct 201636
Sep 201631
Aug 201633
Jul 201628
Jun 201626
May 201626
Apr 201624
Mar 201623
Feb 201620
Jan 201617
Dec 201516
Nov 201514
Oct 201516
Sep 201517
Aug 201517
Jul 201519
Jun 201519
May 201520
Apr 201519
Mar 201521
Feb 201520
Jan 201520
Dec 201423
Nov 201426
Oct 201425
Sep 201423
Aug 201419
Jul 201418
Jun 201422
May 201422
Apr 201424
Mar 201426
Feb 201429
Jan 201434
Dec 201332
Nov 201330
Oct 201333
Sep 201336
Aug 201336
Jul 201334
Jun 201333
May 201335
Apr 201336
Mar 201334
Feb 201336
Jan 201334
Dec 201235
Nov 201238
Oct 201236
Sep 201238
Aug 201246
Jul 201250
Jun 201251
May 201255
Apr 201260
Mar 201260
Feb 201262
Jan 201266
Dec 201168
Nov 201173
Oct 201176
Sep 201171
Aug 201161

Homes finished and licensed each year in Torres Novas

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
20259958
20244554
20234478
202238128
20214363
20202765
20192237
20183625
20171724
20161837
20152216
20142823
20134532
20125735
201111468
Homes finished per 1,000 residents, 2025
2.7

Who built the homes finished in Torres Novas

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
202575.8%24.2%0.0%0.0%99
202417.8%82.2%0.0%0.0%45
202350.0%50.0%0.0%0.0%44
202228.9%71.1%0.0%0.0%38
202146.5%53.5%0.0%0.0%43
202011.1%88.9%0.0%0.0%27
201913.6%81.8%4.5%0.0%22
201819.4%80.6%0.0%0.0%36
20175.9%94.1%0.0%0.0%17
201616.7%83.3%0.0%0.0%18
20159.1%90.9%0.0%0.0%22
20140.0%100.0%0.0%0.0%28
201317.8%82.2%0.0%0.0%45
20125.3%94.7%0.0%0.0%57
201123.7%76.3%0.0%0.0%114

Homes finished in Torres Novas, 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
202512.1%33.3%49.5%5.1%99
20248.9%31.1%44.4%15.6%45
20232.3%13.6%65.9%18.2%44
20225.3%13.2%47.4%34.2%38
202125.6%20.9%34.9%18.6%43
20203.7%11.1%63.0%22.2%27
20190.0%18.2%31.8%50.0%22
20185.6%22.2%47.2%25.0%36
201717.6%0.0%64.7%17.6%17
20160.0%27.8%44.4%27.8%18
20154.5%22.7%50.0%22.7%22
20143.6%17.9%46.4%32.1%28
20136.7%31.1%40.0%22.2%45
20121.8%8.8%47.4%42.1%57
20115.3%17.5%47.4%29.8%114

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 Torres Novas

Next 12 months

Asking prices have an 80% chance of landing between €1,579/m² and €1,987/m² by September 2027.

Expected, September 2027
€1,783/m²
Chance of a rise
96%

Affordability

At the bank valuation, a 90 m² home costs €144,810. With 10% down and a 30-year mortgage, the payment is €549 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
21%
Payment, one income
42%

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
€599
Owning per month
€379

Asking against valuation

Sellers ask 6.0% less than banks value homes at. A year ago the gap was −5.1%.

Gap today
−6.0%
Change in a year
−0.9 pp

Foreign buyers

Figures for Médio Tejo: Torres Novas has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 9.9% less per m² than buyers living in Portugal.

Abroad against residents
−9.9%

Past cycles

Bank valuations have fallen by 3% or more 11 times since 2015. The deepest began in June 2020.

Deepest fall
−21.1%
Recovery from the low
14 months

People and new homes

In 2025 the population grew by 335 while 99 homes were finished: 3.4 new residents for every new home.

New residents per new home, 2025
3.4
Population change, 2025
+335

Empty homes

17.4% of the 20,974 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
17.4%
Empty homes
3,640

Renovation

In 2025, 20% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
20%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €5.4M of housing works here in 2025, and €7.8M since 2012.

Signed in 2025
€5.4M
Per resident, 2025
€149

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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