In 2021, 25,409 buildings were licensed in Portugal, 8.2% more compared to 2020 (-3.7% in 2020). Compared to 2019 (the pre-pandemic period), the number of licensed buildings grew by 4.3%. In the same year 36,731 dwellings were licensed in the country, corresponding to an increase of 8.7% compared to the previous year (33,806 dwellings in 2020; -3.9%). 

In 2021, it is estimated that 15,262 buildings will have been completed, corresponding to an increase of 3.6% compared to the previous year (+7.8% in 2020; 14,732 buildings) and 22,384 dwellings, representing an increase of 10.2% (+27.6% in 2020, corresponding to 20,320 dwellings). 

165,682 housing transactions were carried out, which represents a new maximum in the series available and a growth of 20.5% compared to 2020. The value of housing transactions in 2021 amounted to €28.1 billion, 31.1% more than in 2020. The median house price of dwellings transactions in Portugal was €1,297/m2, having increased by 9.0% compared to the previous year. The median house price remained above the national value in the sub-regions of Algarve (€2,000/m2), Área Metropolitana de Lisboa (€1,813/m2), Região Autónoma da Madeira (€1,436/m2), and Área Metropolitana do Porto (€1,370/m2).

The median house rental value of new lease agreements of dwellings in Portugal amounted to €6.04/m2, up 7.7% year-on-year (+5.5% in 2020). There was also a 9.4% increase in the number of new lease agreements of dwellings.

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