Over 33,500 Homes Granted Licensing in Year to September

6 November 2020The data, released by Confidencial Imobiliário, indicate that the market remains the same as in 2019, falling just 2%. From the beginning of the year to the end of September, 14,580 housing projects entered the licensing phase, with a total of 33,614 homes on mainland Portugal. Lisbon and Porto are the cities with the most licensed works and continued to be the main sites for the development of new housing projects in 2020, with 2,695 and 2,444 homes respectively.

New builds continued to be the primary driver in the development of new residential projects, though no less important was the rehabilitation of pre-existing buildings, accounting for 19%, creating 6,315 dwellings in 2,864 projects.

Original Story: Expresso – Vítor Andrade

Translation/Summary: RDT