House prices in Portugal

The heat wave that invaded Portugal has left many people unsure of how to deal with the high temperatures. Have you ever dreamed of living in a cool place, where the temperature is mild all year round and the sun's rays never disturb?

The global macroeconomic context has changed and the effects on the housing market in Portugal and across the world are increasingly evident. But will house prices drop in Portugal?

2022 was marked by inflation which further pushed up house prices in Portugal. In addition, building a house became more expensive and access to mortgages more difficult, since interest rates have also jumped.

Will house prices drop in Portugal? Will houses be cheaper in 2023? The residential real estate market in Portugal remained resilient throughout 2022, despite the challenges posed by the war in Ukraine.

Where do the rich live in Portugal? Lisbon, Oeiras, Cascais, Sintra, Porto and Vila Nova de Gaia are the municipalities with the highest concentration of population with the highest income in the country.

Inflation is contaminating all markets - and real estate is no exception. Data from the National Statistics Institute (INE) show proof, stating that houses were 13.2% more expensive in the first quarter of 2022 compared to the previous year.

The luxury homes business is still booming in Portugal, being fuelled by Portuguese and also by the return of foreign buyers to the Portuguese market. But what are the most expensive streets in Portugal to buy a house?

Having a property by the beach is, increasingly, the decision of those who decide to buy a property in Portugal, both for Portuguese families and foreign investors.

The ghost haunting construction costs continues to hover over the sector in Portugal.

The dream of buying a house in Portugal is still very much possible in spite of inflation and rising costs. The difficulties in doing so have increased, houses are becoming more and more expensive and mortgage interest rates are rising.

When it comes to buying property in Portugal, in a context of high inflation and rising interest rates on mortgages, one of the factors to pay special attention to are house prices in Portugal which are on the rise. What is the cheapest place to live in Portugal?

Will house prices go down in Portugal? This isn't looking likely, as the current economic context is putting pressure on the purchasing power of those living in Portugal. Inflation jumped 8.7% in June and interest rates on mortgages are rising with the steep rise in Euribor.

Lisbon continues to be one of the most gay-friendly countries in the world. The Príncipe Real area, in Lisbon, has long been the preferred place to live for the LGBTI+ community, making it one of the best gay neighbourhoods in Lisbon.

Before selling a house, it is essential to study the surrounding real estate market and understand what features are most sought after by buyers. By doing this research, you can boost the sale of your property, highlighting elements that it already has or improving others.

Is it better to rent or buy in Portugal? Is buying property in Portugal a good investment?

It's official: inflation in Portugal rose by 7.2% in April 2022 and hit a 29 year high. The Institute of National Statistics in Portugal (INE) confirmed that the year-on-year change in the consumer price index (CPI) was 7.2% in April, up from 5.3% in the previous month and t

Buying a home in Portugal is becoming more expensive and the pace of increases shows no signs of slowing down. In the 4th quarter of 2021, the median price of the average family home in Portugal stood at 1,355 euros per square metre (euros/m2), reaching a new all-time high.

2022 for many people is a year of new beginnings; not least because many trends identified during the COVID-19 pandemic are here to stay.

In 2022, many people are asking the same question: is buying property in Portugal a good investment? The current economic outlook shows that, in the long term, it is increasingly more advantageous to buy a house in Portugal compared to renting one.

In recent months, against the backdrop of the pandemic, purchases of homes to renovate and improvements to already inhabited homes have spiralled. But these always come together with issues related to building work, which may cause costs to skyrocket.

Luxury homes have attracted more and more families to live in in the last few years, as the coronavirus pandemic has made people reconsider what they want in a home. Some people are looking to the countryside, others simply want more space after spending time locked inside their smaller homes.

"House prices have grown faster than salaries in more than half of the 35 countries" that make up the Organisation for Economic Co-operation and Development (OECD), highlights the International Monetary Fund (IMF).

The coronavirus pandemic continues to have its effect on the global property market and we've already heard that rental prices will see slight rises in Portugal in 2022. But what exactly will these price rises look like? How much will rent go up by in Portugal?

The most exclusive and most expensive street in Portugal for buying a property is found Oeiras, Lisbon. Currently, buying a house on the most expensive street in Portugal costs, on average, 4,470,462 euros.

Buying a house in Portugal remains a dream for many people who want to move abroad, but due to the pandemic and house prices that continue to rise, people are putting off moving to Portugal in 2021.