Property market statistics
Latest articles about Property market statistics
The property market is still booming in Portugal and property prices continue their upward trend, albeit at a slower pace.
Portugal is trending, and the country's good momentum is also due to the real estate sector. The sector is becoming increasingly attractive, especially for international investors. This represented 87% of last year's commercial volume in the sector, compared to only 13% of domestic investors.
In 2018, 19,912 homes were sold to non-residents in Portugal, 14.5% more than last year. In global terms, sales to foreigners represent 8.2% of the total purchases made last year (242,091 properties).
Housing prices in Portugal have increased in the last decade. In nine years, they have increased by 16.6%, above the average of 3.3% in the eurozone and above the world average of 15.4%.
178,691 homes were sold in Portugal in 2018, 16.6% more than the previous year. This is the highest figure in the last 10 years, since 2009, according to the National Institute of Statistics (INE).
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.