Buying a home in Portugal is becoming more expensive and the pace of increases shows no signs of slowing down. In the 4th quarter of 2021, the median price of the average family home in Portugal stood at 1,355 euros per square metre (euros/m2), reaching a new all-time high.
A rise in interest rates on mortgages is a scenario that is on the table, and the European Central Bank (ECB) has already admitted the possibility of increasing the key interest rate in 2022.
"House prices have grown faster than salaries in more than half of the 35 countries" that make up the Organisation for Economic Co-operation and Development (OECD), highlights the International Monetary Fund (IMF).