Setúbal Property Prices, Rents & Rental Yields

About Setúbal

Setúbal blends a working port identity with Atlantic scenery, from the Sado estuary and nearby beaches to a compact urban core. Its setting in Setúbal district gives the city a distinctive coastal feel while remaining firmly anchored in southern Portugal’s real estate map.

August 2026 brings the clearest signal in apartments: prices are still edging higher, but rental movement is not keeping pace. The average sale price sits at €329,000 after a modest monthly rise of 0.3%, while the average m2 price has climbed 2.3% over the same period to €3,190. That combination suggests values are strengthening at the unit and area level even as the income side stays flatter.

The current yield of 5.22% captures that tension well. On one hand, the annual rise in the average sale price, up 6.8%, confirms that apartment values have moved ahead over the past year. On the other, the average rent price is €1,250 and is down 3.8% year over year, with no change month over month. For investors reading Setúbal today, the market note is less about broad acceleration than about a steady increase in capital values alongside softer rental progression.