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Moody’s: Housing Prices Will Rise 4% in 2020

11 December 2019 – The credit rating agency Moody’s released a report stating that it expects housing prices in Portugal to rise by 4% by 2020. At the same time, the Bank of Portugal also said that it expects prices to continue their recent rise, signifying a continued overvaluation of the real estate market.

The Portuguese central bank added that the overvaluation is one of a series of potential risks to the country’s financial stability. The fear is that a broad downturn due to geopolitical tensions or cyclical factors may curtail external demand for properties in Portugal, directly impacting the market.

Original Story: Observador

Adaptation/Translation: Richard D. K. Turner