Property market statistics
Latest articles about Property market statistics
Buying a house is becoming more and more expensive. Property prices in Portugal rose by 3.8% in the first three months of the year, compared with the last quarter of 2017, making the price 1,748 euro per square metre (m2), or 162 euro per square foot (sq ft), according to the idealista price index.
The real estate market is red-hot in Portugal. Never before have so many houses been sold – 153,292 in 2017, 26,186 more than the previous year (20.6%), and prices are in line with this trend.
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.
To be or not to be a tenant or a homeowner? That is the question. In Portugal, be a homeowner. In the rest of the world? The same, according to the results of this study by RentCafé. The data shows that just 25.2% of Portuguese people choose to rent.