House Prices Rose by 9.5% in the Last Year
The news regarding house prices come from the publication of the Residential Price Index for Portugal.
Number of Licences for New Housing Up 12.3% to July
In total, 16,343 new residential builds were licensed.
Rents Up by 11.5% in Second Quarter 2021
Rental costs for a newly leased home rose by 11.5% in the second quarter of the year. There were 20,568 new rental contracts in Portugal with an average price of €6.03/m2. The increase was higher than in the previous quarter (+5.3%). The number of new contracts also soared compared to the second quarter of 2020 (+49.3%), when the country was in the depths of the pandemic.
Housing Prices Up 6.6% in the Second Quarter of the Year
The Housing Price Index rose by 6.6% year-on-year, 1.4 percentage points more than during the previous quarter.