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Housing Prices Rise by 2.5% in Portugal as Growth Moderates

9 October 2019 – The residential real estate sales market in Portugal is seeing continued, though more moderate, growth. Housing prices rose by 2.5% q-o-q in the third quarter of 2019 to reach €1,981 per square meter, according to Idealista. That is equivalent to a 15% increase year-on-year. The rate of growth fell, however, from increases of 3.3% and 4.5% in the first and second quarters.

By region, the Azores posted the highest growth (4.1%). The North (2.7%), Lisbon Metropolitan Area (2.7%), the Autonomous Region of Madeira (1.8%), the Algarve (1.4%) and Centro (1%) followed. The Alentejo was the only region to see negative growth (-1%).

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner