In total, 16,343 new residential builds were licensed.
According to an analysis by AICCOPN (Associação dos Industriais da Construção Civil e Obras Públicas), Portugal’s public works market maintained its existing trajectory, with new tenders falling and signed contracts increasing, year-on-year.
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.