Housing prices

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.

Time marches on and prices go up. This includes house prices in Portugal, which are getting higher and higher.

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.

In the third quarter of 2018, house prices in Portugal rose 15.6% compared to the same period of the previous year.

Foreign investment in Portuguese properties has perked up, helping the recovery of the Portuguese real estate sector in recent years.

The luxury real estate market in Portugal continues to grow, under the gaze of domestic and foreign investors. According to the Luxury Estate web portal, average demand in this sector stood at almost three million euro in the first half of 2018.

The price of houses is constantly rising in Portugal, with the increase in the national average being greater for used houses than new ones, despite the fact that new properties are also more expensive and are selling more and more.

The sale price of houses in Portugal rose by 14.2% in March 2018 in comparison with the same month in 2017. We have to go back 26 years to the first quarter of 1992 to find a record of price evolution higher than the current one: that year, the year-on-year price development was 16.1%.

Buying a house will always be cheaper than renting in the long run, wherever it is in Portugal, according to accounts based on data from the National Institute of Statistics (Instituto Nacional de Estatística or INE).