Spain 
Italy 
Greece 
Housing Prices in Portugal Rose by 15.6% in the Third Quarter of 2018
22 January 2019
Confidencial Imobiliário published data indicating that, in about one-third (90) of the counties under evaluation, annual growth remained above 10% in the quarter.
Housing prices rose by 15.6% year-on-year in the third quarter of last year.
Tuesday, Confidencial Imobiliário released its Private Property Index, which monitors trends in housing sales prices on mainland Portugal, continuously monitoring 278 municipalities, while also aggregating the results on a national level.
In about one-third (90) of the counties under evaluation, annual growth came in at over 10% in the quarter under review, and of these, about two dozen, registered growth that was higher than the national average.
In the metropolitan area of Lisbon, year-on-year increases ranged from 10% to 25%, as growth began to soften slightly in the municipalities of Lisbon, Cascais and Oeiras. However, growth and prices remained high in the three, with the former coming in at 18.6%; 24.9% and 16.7%, respectively.
In all other markets in the region, annual increases continued to accelerate, particularly in 12 of the 15 markets, with growth between 21.6% (Odivelas) and 9.7% (Setúbal).
Except for the municipalities of Sesimbra and Sintra, the remaining metropolitan markets (including Lisbon) showed quarterly rates “below or in line with those of the previous quarter, ranging from 0.5% in Cascais and 7.1% in Sintra. In most of the counties, the quarterly increase was between 3% and 4%, “says Confidencial Imobiliário.
There was a “generalised increase” year-on-year in the Metropolitan Area of Porto of between 13% and 29%. Growth rates in the city of Porto were well below those of Lisbon during the last two years, though the region accounted for the highest growth in the third quarter of last year, rising by 28.8% year-on-year, after a significant acceleration at the end of 2017.
Quarterly growth rates also rose, though there was some softening in specific regions such as Matosinhos, which the rate declined once again to around 4.5 percentage points.
Year-on-year growth remained strong throughout the region, varying between 9.5% (Vila do Conde) and 3.4% (Matosinhos). In most municipalities, the quarterly increase stood between 5% and 7%.
Original Story: Jornal Econômico – Rodolfo Alexandre Reis
Translation: Richard Turner