Municipality · Setúbal

Palmela

Palmela sits in the Península de Setúbal sub-region of Portugal.

Last updated · First published

What does property cost in Palmela?

These are the two municipality-level medians INE publishes for Palmela: the transacted (sold) price and the median bank valuation, both per square metre. They are measured differently and are labelled separately, so a valuation is never presented as a sold price.

Median sold price · PalmelaSold · INE

€2,375/m²

Palmela

CC BY 4.0
Median bank valuation · PalmelaBank valuation · INE

€2,501/m²

Palmela

CC BY 4.0

How Palmela sold prices have moved

  • Median sold price · Palmela· Sold
Latest data: 1st Quarter 2026Median sold price · PalmelaMedian sold price · Palmela: latest 2,375 €/m² in 1st Quarter 2026.2,375 €/m² · 1st Quarter 2026

Median sold price · Palmela: Instituto Nacional de Estatística (INE), Portugal · retrieved 2026-08-12T23:51:31.305187Z · CC BY 4.0

How Palmela sold prices have moved — data table — most recent 12 periods
PeriodMedian sold price · Palmela (€/m²)
2nd Quarter 20231654
3rd Quarter 20231716
4th Quarter 20231764
1st Quarter 20241769
2nd Quarter 20241789
3rd Quarter 20241822
4th Quarter 20241921
1st Quarter 20251993
2nd Quarter 20252074
3rd Quarter 20252172
4th Quarter 20252263
1st Quarter 20262375
Median sold price · PalmelaLatest 1st Quarter 2026: 2,375 · Min 967 · Max 2,375 · Range 1,408 · CAGR +15.5%/yr
Show all 26 rows
How Palmela sold prices have moved — data table — full series (26 periods)
PeriodMedian sold price · Palmela (€/m²)
4th Quarter 2019967
1st Quarter 20201001
2nd Quarter 20201016
3rd Quarter 20201041
4th Quarter 20201157
1st Quarter 20211198
2nd Quarter 20211237
3rd Quarter 20211272
4th Quarter 20211312
1st Quarter 20221372
2nd Quarter 20221411
3rd Quarter 20221475
4th Quarter 20221556
1st Quarter 20231605
2nd Quarter 20231654
3rd Quarter 20231716
4th Quarter 20231764
1st Quarter 20241769
2nd Quarter 20241789
3rd Quarter 20241822
4th Quarter 20241921
1st Quarter 20251993
2nd Quarter 20252074
3rd Quarter 20252172
4th Quarter 20252263
1st Quarter 20262375
Median sold price · PalmelaLatest 1st Quarter 2026: 2,375 · Min 967 · Max 2,375 · Range 1,408 · CAGR +15.5%/yr

Both series are drawn from the public data registry with full provenance. Transacted (sold) figures come from INE’s house-price statistics; the bank-valuation series is INE’s median valuation used by credit institutions. Each carries its own reference period, shown above.

What are the rules and costs in Palmela?

Prices tell you what it costs to buy in Palmela; the rules and costs below tell you what governs a purchase and what it costs to hold.

Two rules shape most purchases here — whether a property can be let short-term, and what it costs to hold each year — followed by the guides and calculator to model your full purchase.

Can you run a short-term rental here?

Short-term letting (Alojamento Local, AL) is regulated at the municipal level in Palmela, as it is across Portugal: the national Alojamento Local regime (Decreto-Lei 128/2014, as amended) sets registration and operating requirements, while each câmara municipal can designate zonas de contenção that suspend or restrict new AL registrations. Restriction status varies by municipality and by parish, and changes over time.

This is general information, not legal advice — confirm the current status for a specific address with the Palmela câmara municipal before assuming a property can be operated as AL.

What about annual property tax (IMI)?

Municipal Property Tax (IMI) is levied annually by the Palmela council within a band set nationally, so the exact rate depends on the municipality and the property’s taxable value (VPT). We do not print a rate we cannot source: any specific figure we publish is drawn from the official register with its reference year, never estimated here.

To model the full acquisition cost — IMT, stamp duty and the recurring IMI — for a specific Palmela purchase, use the cost calculator linked below.

Common questions about Palmela

How much does property cost per square metre in Palmela?
In Palmela, the median transacted (sold) price is about €2,375 per square metre (1st Quarter 2026). The median bank valuation — what lenders appraised, a separate measure from the transacted price — is about €2,501 per square metre (June 2026). Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
What is the IMI (municipal property tax) rate in Palmela?
In Palmela, the municipal property tax (IMI) rate for urban property — the rate applied to most homes and other urban buildings — is 0.3% (set for 2025). The exact IMI you pay is this rate applied to the property's taxable value (VPT). For rustic (rural-land) property the rate is 0.8%, a separate statutory rate. Source: Portal das Finanças (Autoridade Tributária e Aduaneira), Public administrative data (Portal das Finanças / AT).
What is the reported-crime rate in Palmela?
In Palmela, the reported-crime rate is about 35.9 crimes/1k residents (Registered crimes per 1,000 residents, reference period 2025 crime counts over 2021 resident population). This counts crimes recorded by the authorities, normalised per 1,000 residents so municipalities of different sizes compare fairly — it is not a measure of how likely any individual is to be affected. Derived as registered_crimes / population_2021 * 1000. Source: Instituto Nacional de Estatística (INE), Portugal, CC BY 4.0.
How much of Palmela is classified as urban or urbanisable land?
In Palmela, about 6.6% of the município's in-force planned land is classified as urban or urbanisable ("solo urbano") under its municipal master plan (PDM) (in-force municipal plans, 1997-07-09T00:00:00+00:00..1997-07-09T00:00:00+00:00); the remaining 93.4% is classified rural ("solo rústico"). This is a land-use-regime classification the município's PDM fixes — how the plan zones the territory — not a measure of how much land is physically buildable or already built, and not a price. Of about 46,663 hectares of in-force planned land — 3,092 urban/urbanisable, 40,165 rural. Source: DGT — Direção-Geral do Território, CC BY 4.0.
How much electricity could a solar panel generate in Palmela?
In Palmela, a standard 1 kWp solar panel system mounted at its optimal tilt would generate about 1,611 kWh of electricity per year (PVGIS-SARAH2, 2005..2020), modelled by the EU Joint Research Centre's PVGIS at the município's own interior point. This is a solar-yield estimate — how much electricity the sun could produce for a standard panel — not a price, and not a claim that any particular plot may be built on. Year to year, that yield varies by about ±54 kWh (the interannual standard deviation across the modelled years). Source: JRC Photovoltaic Geographical Information System (PVGIS) v5.2, CC BY 4.0 (European Commission reuse policy; PVGIS-SARAH2).

Every figure on this page is drawn from the public data registry with full provenance — official sources, reference periods and licences. We publish a number only when the warehouse can source it.

Buying in Palmela?

Map the numbers on this page to your specific purchase. Speak with an advisor about costs, timeline and paperwork.

Book a free consultation

Municipalities bordering Palmela

These municipalities share a land border with Palmela, derived from official CAOP boundary polygons — 2 of them sit in a different district, so they do not appear in the district list below.

Other municipalities in Setúbal

Other municipalities in the same district — each carries its own INE-sourced price, tax and safety figures.