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Vila Verde · report

Past price cycles in Vila Verde

Bank valuations have fallen by 3% or more 15 times since 2015. The deepest began in November 2022.

Deepest fall
−13.0%
Recovery from the low
6 months

Prices in Vila Verde and Portugal, indexed

Bank valuations, both set to 100 in June 2015.

  • Vila Verde
  • Portugal
  • 100 = June 2015
Show the numbers
PeriodVila VerdePortugal
Sep 2026303.7296.2
Aug 2026291.7293.1
Jul 2026288.4291.3
Jun 2026287.7289.7
May 2026281.7287.1
Apr 2026285.5282.7
Mar 2026276.5279.7
Feb 2026271.1275.9
Jan 2026268.2273.7
Dec 2025266.5270.6
Nov 2025274.2267.9
Oct 2025275.7263.3
Sep 2025275.9259.4
Aug 2025267.2255.5
Jul 2025263.8252.9
Jun 2025263.0248.5
May 2025268.6245.3
Apr 2025266.9242.7
Mar 2025261.3240.2
Feb 2025247.8235.4
Jan 2025248.4230.7
Dec 2024242.6227.2
Nov 2024246.6226.3
Oct 2024235.8223.8
Sep 2024247.0220.4
Aug 2024243.4216.4
Jul 2024246.1213.0
Jun 2024230.4210.4
May 2024217.9209.4
Apr 2024215.6207.5
Mar 2024224.5205.5
Feb 2024239.5202.9
Jan 2024223.9201.6
Dec 2023222.0199.7
Nov 2023216.4199.0
Oct 2023226.0199.7
Sep 2023213.1200.4
Aug 2023223.1200.0
Jul 2023201.0198.3
Jun 2023209.6197.4
May 2023209.6196.4
Apr 2023207.1193.9
Mar 2023201.0192.8
Feb 2023194.2192.2
Jan 2023202.5193.1
Dec 2022205.0189.6
Nov 2022223.1188.4
Oct 2022218.1184.7
Sep 2022206.0185.8
Aug 2022200.6183.9
Jul 2022201.5184.3
Jun 2022196.3183.0
May 2022193.4179.5
Apr 2022192.5176.3
Mar 2022192.3173.1
Feb 2022186.1170.9
Jan 2022175.5168.0
Dec 2021172.8167.1
Nov 2021163.8165.4
Oct 2021167.6162.7
Sep 2021163.8160.7
Aug 2021168.6158.8
Jul 2021166.7158.8
Jun 2021171.5158.0
May 2021175.1157.6
Apr 2021169.4156.0
Mar 2021161.3154.4
Feb 2021153.2152.7
Jan 2021159.5152.1
Dec 2020164.4150.3
Nov 2020167.4148.8
Oct 2020164.0147.1
Sep 2020153.9146.7
Aug 2020155.9146.7
Jul 2020158.6146.6
Jun 2020165.7145.5
May 2020172.3144.9
Apr 2020169.4144.5
Mar 2020163.2144.3
Feb 2020152.4144.5
Jan 2020155.7143.4
Dec 2019159.2141.9
Nov 2019161.5139.9
Oct 2019147.8139.0
Sep 2019149.7138.6
Aug 2019142.8137.1
Jul 2019152.0135.8
Jun 2019143.0133.9
May 2019142.4133.0
Apr 2019137.4132.0
Mar 2019145.7130.8
Feb 2019145.5130.0
Jan 2019145.1127.8
Dec 2018145.1127.0
Nov 2018140.1125.9
Oct 2018125.4125.7
Sep 2018122.9124.7
Aug 2018124.9123.7
Jul 2018134.5122.4
Jun 2018130.4121.2
May 2018127.9120.8
Apr 2018129.7120.2
Mar 2018125.0119.6
Feb 2018124.7118.5
Jan 2018123.3117.3
Dec 2017123.1115.9
Nov 2017121.4115.6
Oct 2017125.8115.2
Sep 2017128.9114.6
Aug 2017134.1112.9
Jul 2017138.5112.0
Jun 2017138.7111.8
May 2017138.0111.4
Apr 2017133.1111.1
Mar 2017122.4110.4
Feb 2017123.9110.1
Jan 2017123.9109.4
Dec 2016125.2108.3
Nov 2016117.0107.4
Oct 2016118.7106.6
Sep 2016118.1106.1
Aug 2016113.7105.9
Jul 2016116.4104.8
Jun 2016124.9104.4
May 2016125.6104.0
Apr 2016120.2103.3
Mar 2016114.1102.5
Feb 2016112.7102.1
Jan 2016105.0102.1
Dec 2015114.6102.5
Nov 2015106.9101.8
Oct 2015111.0101.4
Sep 2015109.8101.0
Aug 2015111.9100.7
Jul 2015109.2100.9
Jun 2015100.0100.0

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
August 2015November 2015−4.5%31
December 2015January 2016−8.4%13
May 2016August 2016−9.5%38
June 2017November 2017−12.5%512
March 2019April 2019−5.7%13
July 2019August 2019−6.1%13
November 2019February 2020−5.6%31
May 2020February 2021−11.1%93
May 2021September 2021−6.5%44
November 2022February 2023−13.0%36
August 2023September 2023−4.5%11
October 2023November 2023−4.3%13
February 2024April 2024−10.0%23
September 2024October 2024−4.5%13
September 2025December 2025−3.4%33

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 Vila Verde

Next 12 months

Asking prices have an 80% chance of landing between €1,796/m² and €2,053/m² by September 2027.

Expected, September 2027
€1,924/m²
Chance of a rise
100%

Affordability

At the bank valuation, a 90 m² home costs €141,840. With 10% down and a 30-year mortgage, the payment is €538 a month. Banco de Portugal caps it at 50% of a household's net income.

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

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
€541
Owning per month
€486

Asking against valuation

Sellers ask 5.5% more than banks value homes at. A year ago the gap was +0.5%.

Gap today
+5.5%
Change in a year
+5.0 pp

New homes

125.6% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
459
Per 1,000 residents
9.2

Foreign buyers

Over the last 12 months, buyers domiciled abroad paid 7.8% more per m² than buyers living in Portugal.

Abroad against residents
+7.8%

People and new homes

In 2025 the population grew by 519 while 177 homes were finished: 2.9 new residents for every new home.

New residents per new home, 2025
2.9
Population change, 2025
+519

Empty homes

9.2% of the 24,455 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
9.2%
Empty homes
2,256

Renovation

In 2025, 1% of the buildings finished were work on existing buildings: extensions, alterations and reconstructions.

Work on existing buildings, 2025
1%
Reconstructions per 100 new buildings
0.0

Public housing works

Public bodies signed €13K of housing works here in 2025, and €42.4K since 2012.

Signed in 2025
€13K
Per resident, 2025
€0

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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