We all want to find the house of our dreams at the best price possible and this could be your chance to get a bargain with these properties for sale on the Portuguese market, all with great discounts.
Buying a property in Portugal costs, on average, 1,031 euros/m2, according to data from the Portuguese National Institute of Statistics (INE). Even so, there are towns where prices exceed 2,000 euros/m2 (Cascais, Oeiras and Loulé).
Cascais, Lisbon and the Algarve are home to the most expensive streets to buy a property in Portugal, at a time when real estate prices are (still) rising. The most expensive and exclusive address is in Aldeamento Vilar do Golf, in Quinta do Lago, Algarve.
Housing prices in Portugal have increased in the last decade. In nine years, they have increased by 16.6%, above the average of 3.3% in the eurozone and above the world average of 15.4%.
178,691 homes were sold in Portugal in 2018, 16.6% more than the previous year. This is the highest figure in the last 10 years, since 2009, according to the National Institute of Statistics (INE).
House prices in Portugal continue to rise, albeit at a slower pace. The International Monetary Fund (IMF) is aware of this, of course, but rejects suggestions that the government need intervene – at least for now – since "most real estate transactions have not been financed with mortgages".
Portugal was voted the world's most gay friendly destination (alongside Sweden and Canada), according to the Spartacus International Gay Guide Index 2019.
After the euphoria of recent years, house prices in Portugal are levelling off, heading towards stabilisation. While Portuguese property prices are still rising, they are doing so at a slower rate.
The sale price of houses in luxury resorts in Portugal increased 18% in the second half of 2018, compared with the same period of the previous year and 8% in comparison with the previous six months.
House prices in Portugal will continue to rise, albeit at a slower pace than in recent years, following the general trend in Europe, according to forecasts by Standard & Poor's (S&P).
House prices have gone up enormously in Portugal recently, but this doesn’t mean that properties are on the market longer before being sold. On the contrary, the average time it takes to sell a house in Portugal has plummeted in the last five years (since 2013), especially in 2018.
