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Vizela · report

Past price cycles in Vizela

Bank valuations have fallen by 3% or more 10 times since 2018. The deepest began in September 2019.

Deepest fall
−22.6%
Recovery from the low
6 months

Prices in Vizela and Portugal, indexed

Bank valuations, both set to 100 in April 2018.

  • Vizela
  • Portugal
  • 100 = April 2018
Show the numbers
PeriodVizelaPortugal
Sep 2026257.4246.5
Aug 2026251.0243.9
Jul 2026239.5242.4
Jun 2026223.8241.1
May 2026220.2239.0
Apr 2026222.6235.3
Mar 2026232.8232.8
Feb 2026235.2229.7
Jan 2026232.5227.8
Dec 2025232.5225.2
Nov 2025221.9222.9
Oct 2025219.4219.2
Sep 2025201.8215.9
Aug 2025191.2212.7
Jul 2025192.4210.5
Jun 2025185.0206.8
May 2025185.3204.1
Apr 2025179.8201.9
Mar 2025184.1199.9
Feb 2025179.4195.9
Jan 2025183.5192.0
Dec 2024182.9189.1
Nov 2024186.3188.3
Oct 2024186.3186.3
Sep 2024171.3183.4
Aug 2024168.1180.1
Jul 2024164.2177.3
Jun 2024164.5175.1
May 2024160.7174.2
Apr 2024154.3172.7
Mar 2024152.7171.0
Feb 2024159.3168.8
Jan 2024157.2167.7
Dec 2023149.0166.2
Nov 2023155.4165.6
Oct 2023153.7166.2
Sep 2023168.3166.8
Aug 2023163.4166.5
Jul 2023163.4165.0
Jun 2023156.6164.3
May 2023155.8163.4
Apr 2023151.0161.4
Mar 2023155.1160.5
Feb 2023151.9160.0
Jan 2023153.7160.7
Dec 2022146.1157.8
Nov 2022153.1156.8
Oct 2022150.7153.7
Sep 2022154.3154.7
Aug 2022153.1153.0
Jul 2022157.2153.4
Jun 2022145.8152.3
May 2022136.1149.4
Apr 2022130.2146.8
Mar 2022139.0144.0
Feb 2022128.2142.2
Jan 2022126.9139.8
Dec 2021124.3139.1
Nov 2021129.3137.7
Oct 2021128.4135.4
Sep 2021128.8133.8
Aug 2021130.2132.1
Jul 2021130.5132.1
Jun 2021133.4131.5
May 2021150.1131.2
Apr 2021154.9129.9
Mar 2021153.1128.5
Feb 2021138.5127.1
Jan 2021129.1126.6
Dec 2020124.1125.1
Nov 2020119.4123.8
Oct 2020122.3122.4
Sep 2020125.8122.1
Aug 2020128.8122.1
Jul 2020127.3122.0
Jun 2020128.4121.1
May 2020127.8120.6
Apr 2020123.8120.2
Mar 2020117.5120.1
Feb 2020120.3120.2
Jan 2020112.7119.4
Dec 2019111.1118.1
Nov 201998.8116.5
Oct 2019118.1115.7
Sep 2019127.6115.4
Aug 2019126.9114.1
Jul 2019115.5113.0
Jun 2019101.4111.5
May 2019100.3110.7
Apr 2019111.5109.8
Mar 2019125.6108.9
Feb 2019121.4108.2
Jan 2019114.3106.4
Dec 2018110.3105.7
Nov 2018110.0104.8
Oct 2018110.0104.7
Sep 2018124.3103.8
Aug 2018125.6102.9
Jul 2018114.7101.8
Jun 2018113.5100.9
May 201894.4100.5
Apr 2018100.0100.0

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
April 2018May 2018−5.6%11
August 2018October 2018−12.4%25
March 2019May 2019−20.2%23
September 2019November 2019−22.6%26
August 2020November 2020−7.3%32
April 2021December 2021−19.8%87
July 2022December 2022−7.0%57
September 2023December 2023−11.5%39
November 2024February 2025−3.7%35
February 2026May 2026−6.4%32

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 Vizela

Next 12 months

Asking prices have an 80% chance of landing between €2,000/m² and €2,463/m² by September 2027.

Expected, September 2027
€2,231/m²
Chance of a rise
96%

Affordability

At the bank valuation, a 90 m² home costs €152,640. With 10% down and a 30-year mortgage, the payment is €579 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 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
€496
Owning per month
€500

Asking against valuation

Sellers ask 13.3% more than banks value homes at. A year ago the gap was +9.2%.

Gap today
+13.3%
Change in a year
+4.1 pp

New homes

32.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Licensed, 12 months
154
Per 1,000 residents
6.1

Foreign buyers

Figures for Ave: Vizela has no reliable figures of its own.

Over the last 12 months, buyers domiciled abroad paid 17.9% less per m² than buyers living in Portugal.

Abroad against residents
−17.9%

People and new homes

In 2025 the population grew by 125 while 84 homes were finished: 1.5 new residents for every new home.

New residents per new home, 2025
1.5
Population change, 2025
+125

Empty homes

7.8% of the 9,832 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census
7.8%
Empty homes
765

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 €1.6M of housing works here in 2012, and €1.6M since 2012.

Signed in 2012
€1.6M
Per resident, 2012
€64

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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