Housing Prices 1.8% Higher than Before the Pandemic
19 January 2021 According to Confidencial Imobiliário’s Residential Price Index, housing sales prices on mainland Portugal rose by 1.8% in December, compared to the beginning of the pandemic in February. Compared to the same month in 2019, the increase reached 4.8%. Additionally, December posted the most significant monthly change during the pandemic, 1% compared with […]
Portuguese State Lacks Basic Control of its Property Holdings
15 January 2021 – Ana Custódio More than a decade has passed, and the Portuguese government has yet to ascertain how many properties it owns, a flabbergasting state of affairs which raises a series of doubts. In 2009, intending to identify its real estate holdings, the Portuguese government launched a programme to create an inventory […]
Rental Prices Fell in 2020
9 January 2021 According to an analysis by Imovirtual, average residential rental prices fell by 13.5% at the end of 2020 after the 20.9% drop during the lockdown compared to the same period in 2019. Prices fell from €1198 in 2019 to €1036 in 2020. The average price fell by 9.6% in early 2020 compared […]
Residential Bank Valuations Rise to Historic High Again in October Even as Banks Maintain Conservative Stance
1 December 2020 – Data published by Portugal’s National Institute of Statistics (INE) have demonstrated that average residential bank valuations conducted over the past year have been lower than the eventual sales price, particularly when located in more expensive areas. Nevertheless, those valuations reached 1,131 euros per square metre in October, a new high. The […]