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Viana do Castelo · report

Past price cycles in Viana do Castelo

Bank valuations have fallen by 3% or more 10 times since 2013. The deepest began in June 2013.

Deepest fall
−15.5%
Recovery from the low
37 months

Prices in Viana do Castelo and Portugal, indexed

Bank valuations, both set to 100 in May 2013.

  • Viana do Castelo
  • Portugal
  • 100 = May 2013
Show the numbers
PeriodViana do CasteloPortugal
Sep 2026259.4300.5
Aug 2026270.7297.4
Jul 2026272.0295.5
Jun 2026274.0293.9
May 2026268.7291.3
Apr 2026267.8286.8
Mar 2026260.7283.8
Feb 2026258.7279.9
Jan 2026254.9277.7
Dec 2025248.2274.5
Nov 2025242.4271.8
Oct 2025236.2267.2
Sep 2025228.3263.2
Aug 2025221.6259.2
Jul 2025221.6256.6
Jun 2025220.4252.1
May 2025218.5248.8
Apr 2025216.4246.2
Mar 2025215.8243.7
Feb 2025213.7238.8
Jan 2025208.9234.0
Dec 2024209.2230.5
Nov 2024212.3229.6
Oct 2024211.9227.0
Sep 2024206.4223.6
Aug 2024195.6219.5
Jul 2024199.4216.1
Jun 2024202.7213.5
May 2024196.7212.4
Apr 2024191.5210.6
Mar 2024188.5208.4
Feb 2024190.7205.8
Jan 2024182.7204.5
Dec 2023176.2202.6
Nov 2023172.4201.8
Oct 2023173.6202.6
Sep 2023175.5203.3
Aug 2023178.1202.9
Jul 2023177.7201.2
Jun 2023182.6200.3
May 2023176.5199.2
Apr 2023165.5196.7
Mar 2023156.6195.6
Feb 2023164.2195.0
Jan 2023167.8195.9
Dec 2022173.4192.3
Nov 2022170.7191.2
Oct 2022174.0187.3
Sep 2022170.7188.5
Aug 2022169.6186.5
Jul 2022171.4186.9
Jun 2022171.1185.6
May 2022171.9182.1
Apr 2022165.6178.9
Mar 2022158.8175.6
Feb 2022157.7173.4
Jan 2022152.8170.4
Dec 2021149.9169.5
Nov 2021148.7167.8
Oct 2021143.1165.0
Sep 2021142.6163.1
Aug 2021140.2161.1
Jul 2021145.3161.1
Jun 2021136.6160.3
May 2021136.4159.9
Apr 2021137.1158.3
Mar 2021145.7156.6
Feb 2021145.7154.9
Jan 2021143.3154.4
Dec 2020142.9152.5
Nov 2020142.9150.9
Oct 2020142.6149.2
Sep 2020136.2148.8
Aug 2020143.8148.8
Jul 2020143.8148.7
Jun 2020144.6147.6
May 2020142.0147.0
Apr 2020135.2146.6
Mar 2020135.5146.4
Feb 2020139.6146.6
Jan 2020137.5145.5
Dec 2019137.8143.9
Nov 2019131.7142.0
Oct 2019135.2141.0
Sep 2019140.0140.6
Aug 2019141.4139.1
Jul 2019133.8137.7
Jun 2019123.2135.9
May 2019124.9135.0
Apr 2019129.3133.9
Mar 2019134.7132.7
Feb 2019126.2131.9
Jan 2019124.2129.7
Dec 2018124.5128.9
Nov 2018122.9127.7
Oct 2018114.3127.6
Sep 2018118.2126.5
Aug 2018122.2125.5
Jul 2018123.8124.1
Jun 2018120.8123.0
May 2018119.8122.6
Apr 2018121.6121.9
Mar 2018122.2121.4
Feb 2018119.7120.2
Jan 2018117.7119.0
Dec 2017119.4117.5
Nov 2017120.2117.3
Oct 2017115.7116.9
Sep 2017115.0116.2
Aug 2017115.0114.5
Jul 2017117.4113.6
Jun 2017117.7113.5
May 2017117.8113.1
Apr 2017118.0112.7
Mar 2017116.8112.0
Feb 2017117.0111.7
Jan 2017113.0110.9
Dec 2016105.4109.9
Nov 2016105.4109.0
Oct 2016108.3108.2
Sep 2016108.2107.7
Aug 2016106.2107.4
Jul 2016102.0106.3
Jun 2016105.1105.9
May 2016105.5105.5
Apr 2016107.4104.7
Mar 2016103.8104.0
Feb 2016102.4103.6
Jan 2016101.7103.6
Dec 201595.9104.0
Nov 201598.2103.3
Oct 201598.0102.9
Sep 2015105.8102.5
Aug 2015108.6102.1
Jul 2015107.8102.4
Jun 2015106.6101.5
May 201597.0101.3
Apr 2015100.7100.3
Mar 201597.099.7
Feb 2015102.199.7
Jan 2015105.199.7
Dec 2014105.299.1
Nov 2014101.799.1
Oct 2014101.799.7
Sep 2014102.4101.8
Aug 2014107.1102.2
Jul 2014100.3100.7
Jun 201499.298.7
May 2014100.197.4
Apr 2014102.097.1
Mar 2014106.697.5
Feb 2014100.699.2
Jan 201494.3100.3
Dec 201392.1100.7
Nov 201393.5100.5
Oct 2013104.1100.9
Sep 2013100.7100.7
Aug 2013108.5100.4
Jul 2013100.0100.1
Jun 2013108.9100.8
May 2013100.0100.0

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 2013December 2013−15.5%637
July 2018October 2018−7.7%32
March 2019June 2019−8.5%32
August 2019November 2019−6.9%36
June 2020September 2020−5.8%35
March 2021May 2021−6.4%26
October 2022March 2023−10.0%52
June 2023November 2023−5.6%52
June 2024August 2024−3.5%21
June 2026September 2026−5.3%3Not 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 Viana do Castelo

Asking prices have an 80% chance of landing between €2,225/m² and €2,744/m² by September 2027.

Expected, September 2027
€2,485/m²
Chance of a rise
78%

At the bank valuation, a 90 m² home costs €165,060. With 10% down and a 30-year mortgage, the payment is €626 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
24%
Payment, one income
48%

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
€702
Owning per month
€612

Sellers ask 26.9% more than banks value homes at. A year ago the gap was +30.9%.

Gap today
+26.9%
Change in a year
−3.9 pp

53.8% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
316
Per 1,000 residents
3.4

Over the last 12 months, buyers domiciled abroad paid 17.0% more per m² than buyers living in Portugal.

Abroad against residents
+17.0%

In 2025 the population grew by 296 while 116 homes were finished: 2.6 new residents for every new home.

New residents per new home, 2025
2.6
Population change, 2025
+296

10.4% of the 49,171 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
10.4%
Empty homes
5,120

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 bodies signed €2.3M of housing works here in 2025, and €20M since 2012.

Signed in 2025
€2.3M
Per resident, 2025
€24

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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