Homes for sale in Setúbal

About Setúbal

Report on the Real Estate Market in Setúbal, Portugal Introduction The real estate market in Setúbal, Portugal, has demonstrated remarkable dynamism in recent years, positioning itself as a region of growing interest for investors and buyers, both domestic and foreign. Its strategic location, proximity to Lisbon, and the natural beauty of the region have contributed significantly to property appreciation. This report aims to present a detailed analysis of trends, prices, and particularities of the Setúbal real estate market, based on recent data. Evolution of Sale Prices The average price of houses in Setúbal has been recording a consistent upward trajectory. In October 2025, the average value per square meter (m²) for sale reached €3,114/m², with an increase of 1.1% compared to the previous month. In September 2025, the value was €3,081/m², and in August of the same year, €3,037/m² [1]. More recently, in March 2026, house prices in Setúbal approached the national average, settling at €3,033/m², after a rise of 0.9% in one month and 13% in annual terms [7]. In the fourth quarter of 2025, the median housing price in Portugal reached €2,111/m², reflecting a general increase in the country [10]. Setúbal has been one of the districts driving this growth, with values rising 17.6% per year, surpassing other regions such as Santarém and Portalegre [11]. The average sale price of properties in Portugal rose to €426,000, with a monthly growth of +1% and an annual appreciation of +15% [6]. Luxury Market Setúbal has emerged as a strategic destination for the premium property market, attracting developers and investors. The region is even considered the most expensive area to buy properties in gated communities in Portugal. In 2025, despite a 27% drop in the national supply of properties over one million euros in gated communities, Setúbal recorded a 1% growth in supply. Average prices in this segment are around 1.98 million euros, with average data from the last three months until February 2026 [13] [14]. Demand for this type of property increased significantly in Setúbal, with a growth of 43%, surpassing Lisbon (14%) and Faro (5%) [13]. The appreciation of the region is also influenced by luxury real estate development in the coastal areas of Tróia and Comporta, which have attracted a high-purchasing-power buyer profile [13] [12]. Rental Market The rental market in Setúbal also shows an appreciation trend. In March 2026, the average rental price reached €14.6/m², with an increase of 0.9% compared to the previous month. In February 2026, the value was €14.5/m², and in January of the same year, €14.3/m² [2]. Although the rental market in Portugal showed signs of slowing down in March 2026, with rents decreasing for four months in some regions [3], Setúbal maintains a growth trajectory. Buyer Profile and Foreign Investment Foreign interest in the Portuguese real estate market is a relevant factor, and Setúbal is no exception. Recent data indicates that Brazilians lead the ranking of luxury property buyers in Portugal [15]. However, house purchases by foreigners in Portugal represented only 5.1% in the first quarter of 2025, the lowest value since 2021 [16]. Despite this general drop, Setúbal continues to be a pole of attraction for international investors, especially in the luxury segment. Infrastructure and Urban Rehabilitation The Urban Rehabilitation Operation (ORU) of Setúbal, framed within the strategy and provisions of PROTAML, aims at the rehabilitation and valorization of the urban fabric [9]. Infrastructure and urban rehabilitation projects contribute to the attractiveness of the region, boosting the real estate market. The reduction of construction VAT to 6% for housing up to 648 thousand euros is also a factor that could boost new supply in the market [9]. Conclusion The Setúbal real estate market demonstrates robustness and continuous growth, driven by demand, especially in the luxury segment, and the appreciation of the region. The evolution of sale and rental prices, together with the interest of foreign investors and urban rehabilitation projects, consolidate Setúbal as one of the most dynamic real estate markets in Portugal. The shortage of supply in some typologies, particularly in the premium segment, continues to put pressure on prices, making the region a focus of attention for the sector. References [1] [Evolution of the price of houses for sale, Setúbal - Idealista]( https://www.idealista.pt/media/relatorios-preco-habitacao/venda/setubal/ ) [2] [Evolution of the price of houses for rent, Setúbal - Idealista]( https://www.idealista.pt/media/relatorios-preco-habitacao/arrendamento/setubal/ ) [3] [The rental market in Portugal showed signs of ... - Instagram]( https://www.instagram.com/p/DWy4fDMCsS5/ ) [4] [Portugal's Residential Property Market Analysis 2025]( https://www.globalpropertyguide.com/europe/portugal/price-history ) [5] [Portugal House Prices 2026: Averages, Growth Rates & Key Regions]( https://www.portugalhomes.com/blog/portugal-house-prices ) [6] [Faro and Setúbal lead highest prices in house purchases]( https://regiao-sul.pt/sociedade/faro-e-setubal-lideram-precos-mais-altos-na-compra-de-casa/729332 ) [7] [Setúbal: house prices reach 3,033 euros/m2 - Idealista]( https://www.idealista.pt/news/imobiliario/habitacao/2026/03/27/74656-preco-das-casas-setubal-aproxima-se-da-media-nacional-em-fevereiro ) [8] [Average value of housing m2 reaches historic maximums ... - Instagram]( https://www.instagram.com/p/DEh12-uRT9r/ ) [9] [SETÚBAL URBAN REHABILITATION OPERATION - mun-setubal.pt ]( https://www.mun-setubal.pt/wp-content/uploads/2025/10/4_ORU_Setubal_Documento-Final_2017.pdf ) [10] [Housing price rises across the country and reaches €2,111/m² nationally ...]( https://diarioimobiliario.pt/Preco-da-habitacao-sobe-em-todo-o-pais-e-atinge-2-111-EUR-m2-a-nivel-nacional ) [11] [Setúbal leads growth of the Portuguese real estate market]( https://diarioimobiliario.pt/Setubal-lidera-crescimento-do-mercado-imobiliario-portugues ) [12] [After Tróia and Comporta, Setúbal is also an “emerging opportunity” ...]( https://www.construir.pt/2025/11/28/depois-de-troia-e-comporta-tambem-setubal-e-oportunidade-emergente-no-segmento-de-luxo ) [13] [Luxury: Setúbal is the most expensive area to buy properties in ... - Forbes Portugal]( https://www.forbespt.com/luxo-setubal-e-a-zona-mais-cara-para-comprar-imoveis-em-condominio-fechado/ ) [14] [Luxury: Setúbal is the most expensive area to buy properties in ... - SAPO]( https://sapo.pt/artigo/luxo-setubal-e-a-zona-mais-cara-para-comprar-imoveis-em-condominio-fechado-69da4f288cf3d9f226f2ea41 ) [15] [BRAZILIANS LEAD LUXURY PROPERTY PURCHASES IN ... - Instagram]( https://www.instagram.com/p/DYH8SOVCojs/ ) [16] [House Purchases by Foreigners in Portugal Falling]( https://supercasa.pt/noticias/compra-de-casa-por-estrangeiros-em-portugal-em-queda/n7361 )