Prices of Homes Within Resorts Rise by 9.6%

29 October 2018

The price of homes integrated into resorts rose by 9.6% in the first semester of 2018 compared to the previous six months. Year-on-year, the increase reached 4%. The data was included in Confidencial Imobiliário’s (Ci) Resort Housing Price Index, in the scope of SIR-Resorts.

The semi-annual rise “reversed the downward trajectory of the two previous semesters, both with semi-annual devaluations of around 5%,” Ci said in a statement.

“The relative stabilisation of the British pound and the perception that English demand has remained active, along with the strengthening of demand based on the diversification of issuing markets, with buyers from Asian countries, Brazil and others carrying out high-value purchases, are underpinning the recovery of prices,” Ricardo Guimarães, director of Ci, explained.

Original Story: Idealista

Photo: Wikimedia Commons

Translation: Richard Turner