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Chaves – Real Estate Investment Overview

Data updated monthly.Last update:June 4, 2026
Vila Real district
Confidence
Low

Market Overview: Score, Prices and Rental Yields

Market Score

50Weak
50 / 100
Investability
25
Price momentum
33
Rental demand
85
Sales demand
65

Median Sale Price

€200,000
1M
+8.1%
1Y
+21.2%
Median Sale Price
MonthMedian Sale Price
July€171,000
August€175,000
September€90,000
October€182,000
November€182,000
December€185,000
January€185,500
February€187,500
March€175,000
April€195,000
May€185,000
June€200,000

Median Rent Price

€630
1M
+4.2%
1Y
+13.6%
Median Rent Price
MonthMedian Rent Price
July€550
August€600
September€600
October€600
November€580
December€580
January€550
February€650
March€600
April€630
May€600
June€630

Gross Rental Yield

4.29%
1M
-5.1%
1Y
-19%
Gross Rental Yield
MonthGross Rental Yield
July5.42%
August5.18%
September7.33%
October5.6%
November4.94%
December3.88%
January4.24%
February4.59%
March5%
April4.28%
May4.52%
June4.29%

Square meter cost

€1,650
1M
+7.2%
1Y
+12.2%
Square meter cost
MonthSquare meter cost
July€1,530
August€1,520
September€1,730
October€1,520
November€1,560
December€1,550
January€1,610
February€1,580
March€1,750
April€1,620
May€1,540
June€1,650

Market Breakdown

Listings by property size

Studio (53%)
1 bedroom (13%)
2 bedroom (20%)
3 bedroom (15%)
4+ bedroom (0%)
Listings by property size
CategoryListings by property size
Studio (53%)46 listings (53%)
1 bedroom (13%)11 listings (13%)
2 bedroom (20%)17 listings (20%)
3 bedroom (15%)13 listings (15%)
4+ bedroom (0%)0 listings (0%)

Sales Activity Index

31 %

Rent Activity Index

59 %

Gross Rental Yield

Gross Rental Yield
CategoryGross Rental Yield
Studio3.09%
1 bedroom4.63%
2 bedroom4.24%
3 bedroom5.66%
4+ bedroom0%
Gross Rental Yield
CategoryGross Rental Yield
< 30 m² apartments0%
30-40 m² apartments0%
40-50 m² apartments5.71%
50-60 m² apartments3.51%
60-70 m² apartments5.31%
70-80 m² apartments0%
80-90 m² apartments4.06%
90-100 m² apartments4.48%
100-110 m² apartments4.02%
110-120 m² apartments0%
120-130 m² apartments4.75%
130-140 m² apartments0%
140-150 m² apartments0%

Square meter cost

Square meter cost
CategorySquare meter cost
Studio€1,790
1 bedroom€2,220
2 bedroom€1,890
3 bedroom€1,360
4+ bedroom€0
Square meter cost
CategorySquare meter cost
< 30 m² apartments3880
30-40 m² apartments2970
40-50 m² apartments2230
50-60 m² apartments3500
60-70 m² apartments2060
70-80 m² apartments1900
80-90 m² apartments1820
90-100 m² apartments2250
100-110 m² apartments1770
110-120 m² apartments1740
120-130 m² apartments1580
130-140 m² apartments1800
140-150 m² apartments1790

Number of listings for sale

Number of listings for sale
CategoryNumber of listings for sale
Studio39
1 bedroom5
2 bedroom12
3 bedroom9
4+ bedroom0
Number of listings for sale
CategoryNumber of listings for sale
< 30 m² apartments2
30-40 m² apartments1
40-50 m² apartments1
50-60 m² apartments1
60-70 m² apartments3
70-80 m² apartments1
80-90 m² apartments5
90-100 m² apartments8
100-110 m² apartments4
110-120 m² apartments6
120-130 m² apartments6
130-140 m² apartments7
140-150 m² apartments7

Number of listings for rent

Number of listings for rent
CategoryNumber of listings for rent
Studio7
1 bedroom6
2 bedroom5
3 bedroom4
4+ bedroom0
Number of listings for rent
CategoryNumber of listings for rent
< 30 m² apartments0
30-40 m² apartments0
40-50 m² apartments1
50-60 m² apartments4
60-70 m² apartments2
70-80 m² apartments0
80-90 m² apartments2
90-100 m² apartments5
100-110 m² apartments3
110-120 m² apartments0
120-130 m² apartments3
130-140 m² apartments0
140-150 m² apartments0

Market Trends

Top submarkets

Premium
NameScoreGross YieldMedian Sale Price

Potential annual revenue

€7,560

Studio

€7,560

1 bedroom

€6,120

2 bedroom

€7,200

3 bedroom

€9,960

Median Sale Price

Median Sale Price
Month1 bedroom2 bedroom3 bedroom4+ bedroom
July€106.5k€160k€195k€189k
August€111.5k€155k€185k€184.5k
September€90k------
October€102.5k€155k€195k€189k
November€102k€159k€190k€189k
December€102k€171.5k€195k€174.4k
January€125k€163k€210k€189k
February€120k€177.5k€195k€204.8k
March€125k€180k€204.5k€189k
April€135k€197.5k€210k--
May€128.5k€170k€172.3k€155k
June€132.9k€170k€175k--

Median Rent Price

Median Rent Price
Month1 bedroom2 bedroom3 bedroom4+ bedroom
July€550€650€650--
August€550€750€650--
September€550€700€650--
October€500€650€670--
November€500€550€680€800
December€340€420€630--
January€420€580€650--
February€470€550€710€750
March€550€610€700--
April€550€500€700--
May€550€500€800€600
June€510€600€830--

Years to profit (sale to rent ratio)

Years to profit (sale to rent ratio)
Month1 bedroom2 bedroom3 bedroom4+ bedroom
July16.1420.5125--
August16.8917.2223.72--
September13.64------
October17.0819.8724.44--
November1724.0923.2819.69
December25.3734.0326--
January24.823.6226.92--
February21.5126.8922.8122.75
March18.9424.5924.35--
April20.4532.9225--
May19.4728.3317.9421.53
June21.6123.6117.68--

Square meter cost

Square meter cost
Month1 bedroom2 bedroom3 bedroom4+ bedroom
July€1,950€1,670€1,610€990
August€2,050€1,600€1,530€1,390
September€1,730------
October€1,650€1,630€1,570€970
November€1,940€1,770€1,570€970
December€1,940€1,900€1,630€890
January€2,080€1,790€1,740€970
February€2,000€1,720€1,630€1,250
March€2,080€2,000€1,700€1,490
April€2,250€1,760€1,620--
May€2,090€1,890€1,420€1,800
June€2,220€1,890€1,360--

About Chaves

Chaves is a historic town in northern Portugal's Vila Real district, perched along the Douro valley with river scenery and granite hills. Its compact historic center preserves medieval streets, a castle overlook, and thermal baths, while the surrounding countryside blends farmland with quiet rural villages.

Its economy rests on tourism linked to the springs, local services, agriculture, and regional logistics. Visitor stays support hospitality and dining, while nearby infrastructure and road connections sustain commerce and employment across the area.

Rental demand typically reflects students and professionals seeking convenient access to facilities and regional amenities, along with visitors on short stays or wellness trips. Digital nomads and seasonal tourism also shape demand, favoring well-located rentals near transport routes and service hubs.
All
4.29 %
65
22
€200,000
€630
Studio
3.09 %
39
7
€245,000
€630
1 Bedroom
4.63 %
5
6
€132,900
€510
2 Bedrooms
4.24 %
12
5
€170,000
€600
3 Bedrooms
5.66 %
9
4
€175,000
€830
4+ Bedrooms
-- %
--
--
--
--

Summary and Key Takeaways

With a median rental yield of 4.29% and property prices starting at €132,900, Chaves

may become a good investment option for some investors.

Median property prices in Chaves are €200,000, while the median rent is €630. This means that a median property in Chaves will pay for itself in 26.5 years.

Detailed real estate yield breakdown:

A median Studio apartment: 3.09% yield, sale price €245,000, rent €630.

A median 1-bedroom apartment: 4.63% yield, sale price €132,900, rent €510.

A median 2-bedroom apartment: 4.24% yield, sale price €170,000, rent €600.

A median 3-bedroom apartment: 5.66% yield, sale price €175,000, rent €830.

A median 4+ bedroom apartment: --% yield, sale price --, rent --.

Where exactly to buy the property?

Chaves offers yields of up to 4.32% for a median apartment. Explore Chaves in more detail to find the most profitable neighborhoods.

Vila Real district