House prices in Portugal are on the rise and in 2022 reached their highest increase in 30 years, with an average price variation of 18%. This value has not been this high since 1991, when the house price index was fixed at 19.4.
Despite recorded growth, the second half of 2022 also saw a slight slowdown in house price growth, the newspaper writes. Public. In 2022, house prices rose again after two years marked by the Covid-19 pandemic that hampered economic activity. Before the pandemic, the value of the average price change was 15%.
Data from the Confidencialidade Imobiliária indicates no supply for rising house prices in Portugal. Added to this factor is growing demand from foreign investors, who have greater purchasing power.
Author: morning Post
Source: CM Jornal
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