The Housing Price Index rose by 6.6% year-on-year, 1.4 percentage points more than during the previous quarter.
Setúbal, Guimarães and Algarve were chosen as the locations for Thor Spain’s next retirement homes.
The luxury real estate company will launch the nine projects by the end of 2022.
The average outstanding debt and monthly instalments stood at 57,115 euros and 236 euros.
The Swiss real estate developer intends to strengthen its presence in Portugal by focusing on the second-home sector on the coast south of the capital.