Property market statistics
Latest articles about Property market statistics
The price of property in Portugal, both for buying or renting a house has skyrocketed over the last ten years, rising by over 40% and 20% for buying and renting respectively between 2010 and the third quarter of 2020, a period already marked by the emergence of the COVID-19 pandemic.
As 2021 commences, it brings us great pleasure to announce some exciting developments at GMG Real Estate (GMGRE).
Foreign demand continues to grow in Portugal, even in spite of the COVID-19 pandemic that is sweeping the world.
If you're planning on selling property in Portugal, then it's important to have an idea of how long it takes to sell the house and find an interested buyer.
With 2020 coming to a close, it's time to have a look at some of the main statistics when it comes to house prices in Portugal for 2020, as well as some predictions from the European Commission in Brussels for 2021.
In the second quarter of 2020, marked by several confinement measures and restrictions because of the pandemic in most Member States, house prices increased by 5% in the eurozone and 5.2% in the European Union (EU) compared to the same period last year.
After rising by 1.6% and 0.5% in the first and second quarters of 2020 respectively, compared to previous quarters, house prices in Portugal continue to rise during the COVID-19 pandemic: prices rose by 1% between July and September compared to the previous three months, to 2,090 euros/m2.
How much does it cost to rent a house in the cheapest municipality of Portugal? And the most expensive?
In April, banks in Portugal once again increased the value of the valuations carried out in the field of housing credit and mortgages.
In which areas of Lisbon and Porto is it more attractive and/or profitable for owners to put their houses up for rent? A recent study, "Investir no Mercado de Arrendamento" (Investing in the Rental Market), conducted by the real estate consultant JLL, seeks to answer these and other questions.
House prices are expected to fall in almost all major European markets this year due to the economic effects of the COVID-19 pandemic, according to findings by economists at Standard & Poor's (S&P) Global Ratings.
House rental prices per square metre (m2) rose 3.1% in April 2020 in Portugal, compared to the same period in the previous month (March).