Santarém Property Prices, Rents & Rental Yields

About Santarém

Santarém, in Portugal’s central Ribatejo, sits above the Tagus valley with a compact historic core, river views, and a strong local identity. Its setting between Lisbon and the interior gives the city a practical appeal that still feels distinctly rooted in place.

September 2026 brings the clearest signal from Santarém’s apartment market: values are still edging higher, but income growth is no longer keeping pace. The average sale price stands at €289,000, after a modest 0.3% monthly dip, while the average price per square metre has climbed to €2,330, up 1.3% on the month and 11.5% over the year. That combination suggests that apartment pricing remains on an upward path even as monthly moves look uneven.

The tension is sharper on the rental side. Average rent is €1,000, unchanged year on year, yet down 11.1% from the previous month. Against that backdrop, the current gross yield of 4.53% looks respectable, but it also reflects the pressure created when sale values rise faster than rents. For investors tracking Santarém this month, the message is not one of broad acceleration, but of a market where capital values continue to firm while rental performance has paused.