Peniche Property Prices, Rents & Rental Yields

About Peniche

Peniche stands out on Portugal’s west coast for its Atlantic setting, surf culture, and compact urban core shaped by the sea. As a coastal city in Leiria district, it combines everyday residential appeal with a clear link to the region’s broader tourism and leisure identity.

September 2026 brings the clearest signal in the apartment market: prices are still moving up, while rental income is easing. The average sale price reached €320,000, with the average price per square metre at €3,020, both up 10.3% year on year. On a monthly basis, the sale price rose 0.8% and the m2 measure increased 2.2%, reinforcing the upward pressure on entry costs.

That strength is set against softer rental performance. The average rent price is €1,000, down 9.1% from the previous month and down 7.0% year on year. As a result, the gross yield sits at 4.18%, which suggests investor returns are being squeezed even as capital values continue to advance. For apartment investors, Peniche’s September profile is less about momentum in one direction than about the tension between rising asset prices and weaker rent growth.