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Vila Real · report

New homes in Vila Real

18.6% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
112
Per 1,000 residents
2.1

Homes licensed for construction in Vila Real

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

  • Vila Real
  • Ten-year average
Show the numbers
PeriodVila Real
Aug 2026112
Jul 2026111
Jun 2026107
May 2026107
Apr 202699
Mar 2026198
Feb 2026196
Jan 2026191
Dec 2025190
Nov 2025198
Oct 2025205
Sep 2025205
Aug 2025212
Jul 2025237
Jun 2025236
May 2025231
Apr 2025229
Mar 2025127
Feb 2025127
Jan 2025124
Dec 2024126
Nov 2024114
Oct 2024110
Sep 2024161
Aug 2024152
Jul 2024125
Jun 2024124
May 2024124
Apr 2024125
Mar 2024190
Feb 2024197
Jan 2024199
Dec 2023250
Nov 2023256
Oct 2023264
Sep 2023213
Aug 2023237
Jul 2023240
Jun 2023246
May 2023249
Apr 2023248
Mar 2023202
Feb 2023191
Jan 2023194
Dec 2022140
Nov 2022138
Oct 2022128
Sep 2022129
Aug 2022123
Jul 2022120
Jun 2022117
May 2022127
Apr 2022125
Mar 2022105
Feb 2022107
Jan 2022139
Dec 2021169
Nov 2021172
Oct 2021176
Jul 2021163
Apr 2021188
Jan 2021156
Oct 2020116
Sep 2020140
Aug 2020184
Jul 2020179
Jun 2020215
May 2020210
Apr 2020183
Mar 2020181
Feb 2020185
Jan 2020187
Dec 2019183
Nov 2019177
Oct 2019177
Sep 2019170
Aug 201992
Jul 2019123
Jun 201975
May 201975
Apr 201977
Mar 201968
Feb 201969
Jan 201960
Dec 201878
Nov 201879
Oct 201889
Sep 201857
Aug 201893
Jul 201869
Jun 201869
May 201871
Apr 201871
Mar 201870
Feb 201857
Jan 201869
Dec 201737
Nov 201728
Oct 201745
Sep 201743
Aug 201734
Jul 201750
Jun 201748
May 201740
Apr 201771
Mar 201767
Feb 201769
Jan 201768
Dec 201684
Nov 201684
Oct 201674
Sep 201675
Aug 201672
Jul 201670
Jun 201672
May 201658
Apr 201637
Mar 201659
Feb 201645
Jan 201646
Dec 201552
Nov 201544
Oct 201545
Sep 201563
Aug 201547
Jul 201544
Jun 201558
May 201576
Apr 201570
Mar 201569
Feb 201571
Jan 201569
Dec 201470
Nov 201466
Oct 201464
Sep 201465
Aug 201465
Jul 201464
Jun 201468
May 201453
Apr 201458
Mar 201455
Feb 201453
Jan 201453
Dec 201348
Nov 201351
Oct 201386
Sep 201382
Aug 201387
Jul 2013117
Jun 2013114
May 2013113
Apr 2013114
Mar 2013119
Feb 2013124
Jan 2013128
Dec 2012133
Nov 2012132
Oct 201299
Sep 2012110
Aug 2012110
Jul 201294
Jun 2012101
May 201297
Apr 201298
Mar 2012101
Feb 2012104
Jan 201298
Dec 201197
Nov 2011100
Oct 2011101
Sep 201189
Aug 201182

Homes finished and licensed each year in Vila Real

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
202542190
202467126
202345250
2022111140
202166169
202057123
201947183
20184881
20172436
20162784
20153441
20143870
201311648
201297133
201113297
Homes finished per 1,000 residents, 2025
0.8

Who built the homes finished in Vila Real

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
202531.0%69.0%0.0%0.0%42
202411.9%88.1%0.0%0.0%67
202337.8%62.2%0.0%0.0%45
202261.3%38.7%0.0%0.0%111
202160.6%39.4%0.0%0.0%66
202049.1%50.9%0.0%0.0%57
201955.3%44.7%0.0%0.0%47
20182.1%56.3%0.0%41.7%48
20170.0%100.0%0.0%0.0%24
20163.7%96.3%0.0%0.0%27
20155.9%94.1%0.0%0.0%34
201415.8%84.2%0.0%0.0%38
201344.8%55.2%0.0%0.0%116
201228.9%71.1%0.0%0.0%97
201122.0%78.0%0.0%0.0%132

Homes finished in Vila Real, 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
20250.0%28.6%50.0%21.4%42
20249.0%16.4%50.7%23.9%67
20234.4%15.6%71.1%8.9%45
202234.2%17.1%32.4%16.2%111
202131.8%33.3%24.2%10.6%66
20200.0%28.1%49.1%22.8%57
20190.0%8.5%46.8%44.7%47
201841.7%6.3%37.5%14.6%48
20170.0%0.0%62.5%37.5%24
20160.0%22.2%55.6%22.2%27
20155.9%0.0%47.1%47.1%34
201410.5%15.8%39.5%34.2%38
20131.7%10.3%56.9%31.0%116
20123.1%13.4%53.6%29.9%97
20118.3%25.8%42.4%23.5%132

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 Vila Real

Next 12 months

Asking prices have an 80% chance of landing between €1,697/m² and €2,192/m² by September 2027.

Expected, September 2027
€1,945/m²
Chance of a rise
98%

Affordability

At the bank valuation, a 90 m² home costs €143,730. With 10% down and a 30-year mortgage, the payment is €545 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 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
€566
Owning per month
€556

Asking against valuation

Sellers ask 3.7% less than banks value homes at. A year ago the gap was −4.9%.

Gap today
−3.7%
Change in a year
+1.2 pp

Foreign buyers

Figures for Douro: Vila Real has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 31.0% less per m² than buyers living in Portugal.

Abroad against residents
−31.0%

Past cycles

Bank valuations have fallen by 3% or more 11 times since 2015. The deepest began in July 2023.

Deepest fall
−13.2%
Recovery from the low
8 months

People and new homes

In 2025 the population grew by 109 while 42 homes were finished: 2.6 new residents for every new home.

New residents per new home, 2025
2.6
Population change, 2025
+109

Empty homes

9.9% of the 30,819 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
9.9%
Empty homes
3,048

Renovation

In 2025, 8% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
8%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €5.7M of housing works here in 2025, and €27.6M since 2012.

Signed in 2025
€5.7M
Per resident, 2025
€107

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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