Housing in Numbers

Sources

Every source cited, with what each one supports, the chapter where it is used and whether it has been read in the original.

54 sources25 primary29 secondary19 read during verification

INE23-03-2026Primary source

Índice de Preços da Habitação, 4.º trimestre de 2025

Prices +17.6% in 2025; 169,812 transactions; purchases by households (148,632) and by non-residents (8,471).

Chapters: 2. Prices and rents · 3. Foreign demandRead during verification

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INE26-06-2026Primary source

Estatísticas de Rendas da Habitação ao nível local, 1.º trimestre de 2026

Median of €9.50/m² (12 months) and €9.46/m² (quarter); new series using Tax Authority data.

Chapters: 2. Prices and rentsRead during verification

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INE22-06-2026Primary source

Estimativas de População Residente 2025

11,424,031 residents; +824,914 between 2021 and 2025; 1,597,539 foreign nationals.

Chapters: 4. Immigration · 8. ConclusionsRead during verification

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INE12-06-2025Primary source

Construção: obras licenciadas e concluídas, 1.º trimestre de 2025

Quarterly estimates of completed works; entry into force of the Simplex Urbanístico.

Chapters: 1. ConstructionRead during verification

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INE2026Primary source

Indicador 0013249 — fogos concluídos em construções novas

2011–2025 series by type of developer (INE API).

Chapters: 1. Construction · 7. Policy · 8. ConclusionsRead during verification

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INE2026Primary source

Indicador 0008309 — fogos licenciados em construções novas

Licences 2002–2025, revised.

Chapters: 1. Construction · 8. ConclusionsRead during verification

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INE2026Primary source

Indicador 0011748 — índice de custo de construção de habitação nova

Monthly series up to August 2026.

Chapters: 5. CostsRead during verification

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PORDATA / INE17-07-2026Primary source

Fogos concluídos em construções novas para habitação familiar

1995–2025 series by dwelling size.

Chapters: 1. ConstructionRead during verification

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Eurostat07-04-2026Primary source

House prices and rents went up in Q4 2025

Portugal +180% (Q4 2025 vs 2015), second-highest in the EU.

Chapters: 2. Prices and rentsRead during verification

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Eurostat01-10-2026Primary source

prc_hpi_a — índice de preços da habitação, anual

Annual averages, 2015 = 100.

Chapters: 2. Prices and rents · 8. ConclusionsRead during verification

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Banco de PortugalOct 2026Primary source

Amador, «A dinâmica dos preços da habitação e das rendas em Portugal», Revista de Estudos Económicos XII-4

Price and rent elasticities to demand; does not isolate migration.

Chapters: 4. Immigration · 8. ConclusionsRead during verification

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Banco de Portugal07-10-2026Primary source

Boletim Económico, outubro de 2026

Projections for 2026–28; housing investment +2% a year; energy shock.

Chapters: 8. ConclusionsRead during verification

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Banco de PortugalOct 2024Primary source

Lourenço, Moura e Rodrigues, Revista de Estudos Económicos

Overvaluation since 2017; effect of foreign demand on the median price "generally limited".

Chapters: 2. Prices and rents · 4. ImmigrationCited, to be re-read

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Diário da República20-05-2026Primary source

Decreto-Lei n.º 97/2026 (IVA a 6%, IMT para não residentes, RSAA)

Official text read.

Chapters: 3. Foreign demand · 5. Costs · 7. PolicyRead during verification

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Diário da República06-03-2026Primary source

Lei n.º 9-A/2026 (autorização legislativa)

Authorisation for Decree-Law 97/2026.

Chapters: 5. Costs · 7. PolicyCited, to be re-read

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Diário da República23-10-2024Primary source

Decreto-Lei n.º 76/2024 (alojamento local)

Returns the decision to the municipalities.

Chapters: 6. Other factors · 7. PolicyCited, to be re-read

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Portal das Finanças25-07-2024Primary source

Decreto-Lei n.º 48-A/2024 (IMT jovem)

Exemption from IMT and stamp duty up to the age of 35.

Chapters: 6. Other factors · 7. PolicyCited, to be re-read

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Portal das Finanças2009Primary source

Decreto-Lei n.º 249/2009 (RNH)

Creation of the Non-Habitual Resident regime.

Chapters: 3. Foreign demand · 7. PolicyCited, to be re-read

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Portal das Finanças12-11-2003Primary source

Decreto-Lei n.º 287/2003 (IMI e IMT)

Reform of property taxation.

Chapters: 7. PolicyCited, to be re-read

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Diário da República03-09-2007Primary source

Decreto-Lei n.º 308/2007 (Porta 65 Jovem)

Rent support for young people.

Chapters: 7. PolicyCited, to be re-read

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Diário da República2018Primary source

Resolução do Conselho de Ministros n.º 50-A/2018

New Generation of Housing Policies.

Chapters: 6. Other factors · 7. PolicyCited, to be re-read

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Governo de Portugal2024Primary source

Salário médio por trabalhador atingiu 1505 euros em 2023

+27.7% since 2015.

Chapters: 2. Prices and rentsRead during verification

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Portal da Habitação / INE2022Primary source

Censos 2021: população, agregados e alojamentos

723,215 vacant dwellings; average household size.

Chapters: 4. Immigration · 6. Other factorsCited, to be re-read

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ECO24-03-2026Secondary source

Uma em cada quatro casas vendidas em 2025 foi para mãos estrangeiras

41,086 purchases by foreign nationals (households); mortgage lending.

Chapters: 3. Foreign demandRead during verification

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ECO21-05-2026Secondary source

Apenas 12% das casas do 1.º Direito concluídas foram entregues

Report of the National Monitoring Committee of the Recovery and Resilience Plan.

Chapters: 6. Other factors · 7. PolicyCited, to be re-read

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ECO15-08-2026Secondary source

Cerca de 28 000 casas de habitação pública entregues até agosto (PRR)

Government count; change of counting criterion.

Chapters: 7. PolicyCited, to be re-read

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ECO21-04-2026Secondary source

Governo reforça garantia pública para jovens em 750 milhões

Increase of the guarantee under Decree-Law 44/2024.

Chapters: 6. Other factors · 7. PolicyCited, to be re-read

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ECO22-09-2026Secondary source

INE revela dificuldades na transmissão de dados da AIMA

Possible revisions to the 2025 data.

Chapters: 4. ImmigrationCited, to be re-read

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Observador16-10-2025Secondary source

Oficial: existem mais de 1,5 milhões de imigrantes em Portugal

AIMA: 1,543,697 foreign nationals at 31-12-2024; 286,302 appointments.

Chapters: 4. ImmigrationRead during verification

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Observador29-05-2025Secondary source

AIMA já analisou os 440 mil pedidos pendentes

Mission Structure: applications closed and pending.

Chapters: 4. ImmigrationCited, to be re-read

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Observador16-10-2026Secondary source

Crise da habitação não se resolve com políticas do lado da procura

Summary of the Banco de Portugal study (Amador).

Chapters: 4. Immigration · 8. ConclusionsRead during verification

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Observador21-02-2026Secondary source

Quem são os contribuintes estrangeiros e onde trabalham

Ministry of Labour data: more than 600,000 in three sectors (2025).

Chapters: 5. CostsRead during verification

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Observador22-09-2026Secondary source

Preços das casas «parecem esticados», diz o FMI

IMF assessment at the Banco de Portugal.

Chapters: 8. ConclusionsCited, to be re-read

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Observador2023Secondary source

Fact-check: vistos gold foram só 3% do investimento na compra de casas

12,718 permits; €6,450m (2012 – Sep 2023).

Chapters: 3. Foreign demandCited, to be re-read

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Jornal de Negócios09-01-2026Secondary source

Portugal precisa de mais 180 mil casas na próxima década (estudo JRC)

Estimated need up to 2035; original study not yet consulted.

Chapters: 8. ConclusionsRead during verification

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idealista/news25-06-2026Secondary source

FMI dá luz verde à banca, mas alerta para riscos no crédito habitação

IMF FSAP; recommendation to withdraw demand-side support.

Chapters: 2. Prices and rents · 6. Other factors · 8. ConclusionsCited, to be re-read

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CNN Portugal09-10-2026Secondary source

Custos de construção de casas novas sobem 7,5% em agosto

Confirmed in the INE series.

Chapters: 5. CostsCited, to be re-read

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Forvis Mazars2024Secondary source

O (quase) fim do RNH

End of the NHR regime and transitional regime.

Chapters: 3. Foreign demandCited, to be re-read

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APCMC2024Secondary source

Estrangeiros: extintas as manifestações de interesse

Summary of Decree-Law 37-A/2024.

Chapters: 4. Immigration · 7. PolicyCited, to be re-read

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INE22-09-2026Primary source

Índice de Preços da Habitação, 2.º trimestre de 2026

Prices +16.5% in Q2 2026, year on year; transactions −6.4%.

Chapters: 2. Prices and rents · 8. ConclusionsCited, to be re-read

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idealista/news26-06-2026Secondary source

Rendas aceleram e sobem 9,1% no arranque do ano

INE data: median rent in Lisbon €17.42/m² (+8.2%) in Q1 2026.

Chapters: 2. Prices and rentsCited, to be re-read

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idealista/news2018Secondary source

Renda mediana dos novos contratos em 2017 (INE)

Median rent of €4.39/m² in 2017, earlier INE series.

Chapters: 2. Prices and rentsCited, to be re-read

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Diário de Notícias27-05-2026Secondary source

Estrangeiros têm capacidade de pagar mais 43% por uma casa que os portugueses

Banco de Portugal estimate: foreign buyers pay on average 43% more.

Chapters: 3. Foreign demandCited, to be re-read

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idealista/newsSep 2025Secondary source

Compras por não residentes e agravamento do IMT

Non-residents never above 8% of transactions in seven years; share by value down from 13% to 8%.

Chapters: 3. Foreign demandCited, to be re-read

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idealista/news2025Secondary source

IGF: beneficiários e despesa fiscal do RNH

114,645 beneficiaries in 2023; tax expenditure from €620m (2019) to €1,741m (2024).

Chapters: 3. Foreign demandCited, to be re-read

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ECO16-10-2024Secondary source

Quase um quarto dos cidadãos não europeus vivem em casas sobrelotadas

Eurostat 2023: 23.8% of non-Europeans in overcrowded homes, against 10.8% of nationals.

Chapters: 4. ImmigrationCited, to be re-read

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idealista/newsJul 2022Secondary source

Custos de construção: materiais em maio de 2022 (INE)

Materials +18.7% a year in May 2022 (earlier series); ceramics more than 70%.

Chapters: 5. CostsCited, to be re-read

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ECO24-07-2024Secondary source

PRR: falta de mão de obra na construção civil é risco para meta de 2026

AICCOPN/CPCI estimate: shortfall of 80,000 workers.

Chapters: 5. CostsCited, to be re-read

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idealista/newsMar 2026Secondary source

Guerra com o Irão: petróleo e gás disparam

Brent above $100; European gas +60%.

Chapters: 5. CostsCited, to be re-read

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idealista/news2025Secondary source

Banco de Portugal: entradas de estrangeiros na Segurança Social caem

New foreign registrations with Social Security −35% in the first eight months of 2025.

Chapters: 5. CostsCited, to be re-read

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ECO24-10-2025Secondary source

40 mil alojamentos locais vão desaparecer dos registos em Portugal

About 125,000 short-term rental registrations in 2025, more than 40,000 inactive; Lisbon 18,600, Porto 10,600.

Chapters: 6. Other factorsCited, to be re-read

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ECO25-09-2025Secondary source

Taxa de habitação pública em Portugal revela desinvestimento crónico

ISCTE: public housing ≈ 2% of the stock.

Chapters: 6. Other factorsCited, to be re-read

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INE23-10-2026Primary source

Estatísticas de Preços da Habitação ao nível local, 2.º trimestre de 2026

Median price of €2,445/m² across the 37,854 homes sold in Q2 2026; prices accelerated in 10 of the 24 most populous municipalities.

Chapters: 2. Prices and rentsCited, to be re-read

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ECO02-12-2025Secondary source

Casas terão de ser vendidas ou arrendadas dois anos após construção para beneficiarem de IVA a 6%

Conditions and ceilings for 6% VAT on construction.

Chapters: 5. CostsCited, to be re-read

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What each status means

Read during verification: the source was opened and the value cited was confirmed in the original. Cited, to be re-read: the source comes from the original investigation and has not yet been re-read; the values that depend on it are in the verification log.