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April 2017

Price growth gains momentum

  • Price growth accelerates
  • Sales instructions fall
  • Demand and sales rise at a solid rate

Ricardo Guimarães

Director at Ci

“The market context remains basically the same. The main problem reported by agents is the lack of houses available, both to sell and to rent. This is not something easily changed in the short term, and is the key factor driving up prices and rents. The number of new residential projects in the pipeline has doubled over the last year. There’s a clear opportunity for new development in the market, and this will help to balance demand with supply.”

Simon Rubinsohn

Senior Economist at RICS

“The Portuguese economy posted an impressive 1% quarterly expansion during the opening three months of 2017, the strongest since 2007. Furthermore, GDP has now increased in twelve successive quarters, marking the longest stretch of uninterrupted growth since 1999. This firmer macro backdrop has been accompanied by continued growth in housing market activity, and the near term outlook remains solid.”.”