House prices in Portugal

The house-buying business is changing in 2023. At a time when it is more difficult and more expensive to pay off a mortgage and purchasing power continues to be squeezed by inflation, the number of houses sold in Portugal is falling and prices are tending to stabilise in our country.

Portugal has an incredible coastline with the Atlantic Ocean as a backdrop, and there are several towns on the coast that have sea views to make you feel like you're on holiday all year round.

The slowdown in the Portuguese property market "is proving to be less pronounced than expected, at least in terms of house prices", according to a study by CaixaBank Research, which has improved the country's growth forecasts for 2023.

New trends are forming in the new economic context. With the pressure on purchasing power and rising interest rates on home loans, families are looking for cheaper homes to buy in order to borrow less from banks.

House prices in Portugal have been rising for several years. And there are streets in Portugal that concentrate more luxury homes for sale, thus standing out for their exclusivity. On the most expensive street of all, buying a house costs an average of 4,404,545 euros.

House prices around the world are under pressure as central banks raise benchmark interest rates to try to curb inflation. But the truth is that house prices in 56 countries are rising at the slowest rate since 2015, as there is less pressure from demand on existing housing supply.

Today, families are experiencing reduced purchasing power and access to housing is more difficult. In order to buy a house compatible with their income and pay a lower mortgage instalment, some people are thinking of moving to the interior of the country.

The municipalities where it is cheapest to buy a house are in the interior of the country, show INE data analysed by idealista/news. Choosing the perfect place to buy a home is no easy task, at a time when prices continue to rise (albeit at a slower pace) and interest rates on home loans are on the

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.

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.