Property market statistics
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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".
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.
Buying a home is getting more and more expensive, but property sales keep going up year after year; in 2018, the number of transactions grew between 15% and 20%, which means that about 180,000 properties were sold, 25,000 more than the previous year and an average of 500 per day.
The construction of new buildings in Portugal is growing at a rapid pace.
Good news for the Portuguese real estate market, which will continue to live good (or even better) times in 2019.
Renting an apartment in Lisbon is more expensive than it was a year ago, but the rise in prices is slowing down. In the second quarter of the year, rental prices in the Portuguese capital rose by 1.8% over the previous quarter and by 17% in counterpart terms.
Foreign investment in Portuguese properties has perked up, helping the recovery of the Portuguese real estate sector in recent years.