In 2023, 23,439 buildings were licensed in Portugal, a decrease of 6.1% compared to the previous year (-4.4% in 2022). During the same period, 39,096 dwellings were licensed, an increase of 3.1% compared to 2022 (37,930 dwellings; -0.8%). Of the licensed dwellings, 32,519 were new constructions for family housing, representing a 6.0% increase over the previous year (30,669; +2.8%). It is estimated that 17,266 buildings were completed in 2023, a growth of 1.1% compared to the previous year (+3.0% in 2022, with 17,071 buildings). Additionally, 27,248 dwellings were completed in the country, representing an increase of 9.2% vis-à-vis the previous year (+5.4% in 2022; 24,956 dwellings).

In 2023, the number of dwellings transactions reached 136,499, a decrease of 18.7% compared to 2022, marking the lowest level since 2017. The value of the transacted dwellings was set at €28 billion, a reduction of 11.9% compared to the previous year. In the same year, the number of bank appraisals made by experts employed by bank institutions within the scope of granting mortgage loans was approximately 106,300, a decrease of 11.3% compared to 2022.

The median price of family dwellings in Portugal was €1,611 per square meter, an increase of 8.6% compared to the previous year. The median dwelling price remained above the national value in the sub-regions of Grande Lisboa (€2,740/m2), Algarve (€2,613/m2), Península de Setúbal (€1,901/m2), Região Autónoma da Madeira (€1,889/m2), and Área Metropolitana do Porto (€1,800/m2).

The median rent for the 94,617 new lease agreements of family dwellings in Portugal reached €7.21/ m2, having increased by 10.6% compared to the same period of the previous year. There was also a 2.1% increase in the number of new contracts compared to the previous year.

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