Residential Price Growth Slows in 2019

27 July 2019 – Richard D. K. Turner

Housing prices in Portugal continued their years-long rise, reaching a ten-year high. However, at the same time the trend showed signs of stabilising. On the other hand, no fall in prices is expected.

Data from Portugal’s statistical agency, the INE, showed that the number of homes sold increased by 7.6% year-on-year in the first quarter of 2019, the lowest year-on-year rise in the last four years. At the same time, transactions increased by just 6.6% in the Lisbon Metropolitan Area. Nationally, the average annual increase in the housing price index slowed for the third consecutive quarter to 9.5% from 10.3% in the fourth quarter of 2018.

Original Story: Jornal de Negócios – Pedro Curvelo