Grandola Real Estate Guide 2026
Overview
Charming Setúbal town with affordable property prices. Average prices: €3,596/m². 51% below Lisbon prices.
Property Prices
- T0 tier — Average new build: €4,060/m²; Average resale: €2,784/m²
- T1 tier — Average new build: €3,675/m²; Average resale: €2,520/m²
- T2 tier — Average new build: €3,500/m²; Average resale: €2,400/m²
- T3 tier — Average new build: €3,150/m²; Average resale: €2,160/m²
Rental Yields
- T1 tier: 4.5%
- T2 tier: 4.8%
- T3 tier: 5.0%
Market Outlook
Annual price growth: 3.5% · Forecast: positive · up
Housing Stock
Area: Setúbal · regional · Investment category: regional · 1,200 apartments · 50 new units/year
Grandola
Character and Identity: A mining and cork town. Forever associated with the revolution.
National Role: A symbol of freedom.
Historical Development: The song "Grândola, Vila Morena" played on the radio on April 25, 1974, was the signal for the army to take to the streets and overthrow the dictatorship.
Interesting Facts: The municipality is committed to maintaining a socialist and community identity.