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January 2016

Price expectations point to steady gains over 2016

  • New buyer enquiries pick up;
  • Developers report firmer price growth;
  • Landlord instructions fall sharply again.

Ricardo Guimarães

Director at Ci

“Once again, there is concern among real estate agents that global political and economic risks may negatively impact the market. Nevertheless, agents believe there is huge potential for international investors and tourist demand to drive the market. That said, they express the need to consolidate stability and to relaunch measures like the Golden Visa.”

Simon Rubinsohn

Senior Economist at RICS

“Portugal’s economic recovery gained a little momentum in 2015, with GDP rowth picking up to 1.4% from 0.9% previously. If 2016 is to bring a continued improvement in the housing market, economic fundamentals will be key. While consensus forecasts currently point to a similar outturn over the next twelve months, uncertainty in the global economy poses a downside risk..”