11 November 2020 – The residential sales prices have continued to increase in Portugal’s two largest cities. Although there have been some signs of a slowdown in property price growth, the housing market is demonstrating resilience in the face of the pandemic.
According to Confidencial Imobiliário’s Residential Price Index, residential properties in Porto rose by 11.8% in the third quarter of the year compared with the same period in 2019, with this in Lisbon increased by 4.4%.
Quarterly growth, however, was more constrained. Prices rose by 0.8% between July and September in the Portuguese capital, while falling by 0.4% in Porto, compared with the second quarter of 2020.
Original Story: Dinheiro Vivo – Sónia Santos Pereira
Translation/Summary: Richard Turner