Setúbal district Property Prices, Rents & Rental Yields

About Setúbal district

Setúbal district blends Atlantic coastline, the Sado estuary and a strategic link to Lisbon, giving it a distinctive appeal that is both urban and maritime. Its apartments market reflects that mix, with coastal and inland areas following different rhythms.

In July 2026, the clearest signal is a narrower pricing picture rather than a sharp move in either direction. The average sale price for apartments stands at €335,000, down 0.6% month on month and 1.9% year on year, while the average €3,380 per m2 has edged up 0.4% over the month and 4.1% over the year. That split suggests headline values are still soft, even as underlying price per square metre continues to firm.

Rents are holding the line for now. The average rent price is €1,300, unchanged from the previous month, but 4.0% higher than a year earlier. Against that backdrop, the district’s 4.91% yield points to a market where income remains measurable, yet the gap between flat sales prices and firmer rental growth is doing the main work. For apartment investors, July’s note is less about momentum and more about the tension between modest purchase-price easing and rent resilience.