House prices in Portugal

Never before have so many houses been sold in Portugal, neither so many, nor at such a high price. In total, 153,292 houses were sold in 2017, 26,186 more (20.6%) than in 2016.

Too much demand and too little supply – it’s a scenario that continues to fuel the rise in the property prices. In the last year alone, prices have increased by 12.8%, the largest increase since 1992, according to data from Confidencial Imobiliário (Ci).

The limitations of the supply of real estate and the increase in prices in the centres of the main cities are pushing many Portuguese families to a life in the outskirts. This is a trend that, according to the real estate agency Century 21, is here to stay.

In the end, it seems that the price of housing in Portugal is not "so high".

Neither rent nor buy. That’s the reality for young people in Portugal, who are a long way off being able to afford a property at the current house prices.

Before the Property Bubble: Every single region in Portugal has seen property prices fall since the end of 2007 thanks to the global economic crisis. There was a small uplift in 2009 but then another steady drop until 2014, when the economy started to pick up again.

Are you paying a fair price for your home in the sun, or is the owner being overly ambitious with the asking price? Try using these 5 parameters to find out… 1.

As you might have expected, life in Portugal is very cheap. Nonetheless, it is important to spend some time looking up the cost of living before you decide to buy a property in Portugal, whether you plan to live there or just want to buy a holiday home.

Portugal offers many different types of properties compared with Britain. Before you start looking, you should be very clear on the following: Why are you buying? (holiday home, investment, somewhere to retire…) How will you spend your time there?