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Vila Nova de Gaia · report

Foreign buyers in Vila Nova de Gaia

Over the last 12 months, buyers domiciled abroad paid 19.9% more per m² than buyers living in Portugal.

Abroad against residents
+19.9%

What buyers from abroad paid against residents in Vila Nova de Gaia

Median price per m² paid by buyers with tax domicile abroad, against buyers domiciled in Portugal, over 12 months.

  • Vila Nova de Gaia
  • Same as residents
Show the numbers
PeriodVila Nova de Gaia
Q2 202619.9%
Q1 202620.5%
Q4 202538.0%
Q3 202535.0%
Q2 202533.0%
Q1 202538.3%
Q4 202435.8%
Q3 202434.9%
Q2 202437.5%
Q1 202437.9%
Q4 202335.1%
Q3 202335.1%
Q2 202331.9%
Q1 202329.0%
Q4 202223.6%
Q3 202229.4%
Q2 202235.2%
Q1 202233.7%
Q4 202134.1%
Q3 202129.8%
Q2 202140.2%
Q1 202148.9%
Q4 202053.9%
Q3 202053.9%
Q2 202054.8%
Q1 202050.2%
Q4 201941.1%

Price per m² by buyer, Vila Nova de Gaia

  • Buyers domiciled abroad
  • Buyers domiciled in Portugal
Show the numbers
PeriodBuyers domiciled abroadBuyers domiciled in Portugal
Q2 2026€3,149/m²€2,627/m²
Q1 2026€3,084/m²€2,559/m²
Q4 2025€3,383/m²€2,451/m²
Q3 2025€3,131/m²€2,319/m²
Q2 2025€3,010/m²€2,264/m²
Q1 2025€2,985/m²€2,159/m²
Q4 2024€2,854/m²€2,101/m²
Q3 2024€2,781/m²€2,061/m²
Q2 2024€2,730/m²€1,986/m²
Q1 2024€2,627/m²€1,905/m²
Q4 2023€2,485/m²€1,839/m²
Q3 2023€2,410/m²€1,784/m²
Q2 2023€2,274/m²€1,724/m²
Q1 2023€2,173/m²€1,685/m²
Q4 2022€2,031/m²€1,643/m²
Q3 2022€2,043/m²€1,579/m²
Q2 2022€2,020/m²€1,494/m²
Q1 2022€1,904/m²€1,424/m²
Q4 2021€1,826/m²€1,362/m²
Q3 2021€1,714/m²€1,321/m²
Q2 2021€1,823/m²€1,300/m²
Q1 2021€1,897/m²€1,274/m²
Q4 2020€1,895/m²€1,231/m²
Q3 2020€1,828/m²€1,188/m²
Q2 2020€1,779/m²€1,149/m²
Q1 2020€1,696/m²€1,129/m²
Q4 2019€1,538/m²€1,090/m²

Who lives here

Foreign residents with legal status (INE, 2021 to 2023, when the series ended) and net migration, the people who moved in minus those who left.

Foreign residents, Vila Nova de Gaia, 2023
17,502
5.5% of residents
Net migration, Vila Nova de Gaia, 2025
+1,964
6.1 per 1,000 residents

Tax domicile is not nationality: a foreign citizen living in Portugal counts as resident, and a Portuguese emigrant buying from abroad counts as foreign. INE withholds the split where there are few sales, so smaller places show the nearest region that has it.

Other reports for Vila Nova de Gaia

Asking prices have an 80% chance of landing between €2,991/m² and €3,353/m² by September 2027.

Expected, September 2027
€3,172/m²
Chance of a rise
81%

At the bank valuation, a 90 m² home costs €219,600. With 10% down and a 30-year mortgage, the payment is €833 a month. Banco de Portugal caps it at 50% of a household's net income.

Payment, two incomes
32%
Payment, one income
64%

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
€977
Owning per month
€837

Sellers ask 24.8% more than banks value homes at. A year ago the gap was +41.9%.

Gap today
+24.8%
Change in a year
−17.1 pp

108.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
3,387
Per 1,000 residents
10.5

Bank valuations have fallen by 3% or more 2 times since 2011. The deepest began in April 2011.

Deepest fall
−21.0%
Recovery from the low
54 months

In 2025 the population grew by 1,473 while 1,901 homes were finished: 0.8 new residents for every new home.

New residents per new home, 2025
0.8
Population change, 2025
+1,473

9.4% of the 144,146 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
9.4%
Empty homes
13,523

In 2025, 9% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
9%
Reconstructions per 100 new buildings
0.0

Public bodies signed €2.4M of housing works here in 2025, and €9.6M since 2012.

Signed in 2025
€2.4M
Per resident, 2025
€7

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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