Trend: house prices up 4.53% y-o-y in Q2 2018
Portugal’s housing prices continue to rise, fuelled by surging demand as well as improved economic conditions. Property prices in Portugal rose by 4.53% during the year to Q2 2018, from annual increases of 4.7% in Q12 2018, 3.03% in Q4 2017, 4.04% in Q3, 3.47% in Q2, and 4.18% in Q1.
House prices fell slightly by 0.02% q-o-q in Q2 2018.
Analysis: demand is rising strongly. During 2017, the total number of housing transactions rose by 20.6% to 153,292 units from a year earlier, while transactions value surged 30.6% y-o-y to €19.34 billion (US$22.78 billion), according to the Instituto Nacional de Estatistica.
All regions of Portugal have experienced significant house price falls during the last decade. And despite some recovery in 2009, house prices started to fall again in the last quarter of 2010. Prices only began to recover in Q4 2014, after 13 consecutive quarters of y-o-y house price declines.
You can read the full article here.