Setúbal Property Prices, Rents & Rental Yields

About Setúbal

Setúbal combines a working port, Atlantic access and the natural setting of the Arrábida foothills, giving the city a distinctive role in Portugal’s southern coastal market. Its apartment stock sits between lifestyle appeal and practical urban use, which helps explain why it remains on investor watchlists.

July 2026 shows the clearest signal in the apartment market: values are still firm year on year, but the latest monthly move suggests a pause in pricing momentum. The average sale price stands at €328,000, up 7.5% over the year, while the average price per square metre is €3,120, up 4.5% year on year but down 1.0% month on month. That combination points to a market that has not lost its longer-term gains, even as short-term price growth eases.

Rents add another layer to the picture. The average apartment rent is €1,250, up 4.2% from a year earlier and unchanged from the previous month. Against that backdrop, the reported gross yield of 5.04% suggests income returns remain meaningful, but they are being tested by the pace of capital appreciation. For investors, the tension in Setúbal this month is not between growth and stagnation, but between a still-rising annual pricing trend and a monthly cooling in unit values that may keep entry decisions more selective.