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December 2017

Demand unchanged in December 

  • Demand remains steady
  • News sales instructions fall sharply
  • Prices continue to pick-up across all regions

Ricardo Guimarães

Director at Ci

“Expectations remain limited by the dynamics on the supply side of the market. Confidencial Imobiliário’s indices shows that prices are growing at an accelerated rate and in a more generalised manner, increasingly covering secondary locations. At present, agents are still very concerned about the lack of houses available. It is known that there is a huge improvement in the number of new residential projects in pipeline to be built, but those units are not immediately available for final buyers.”

Simon Rubinsohn

Senior Economist at RICS

"Over the past twelve months, the rate of unemployment has fallen from 10.5% to 8.2% in Portugal. This represents one of the steepest declines across the EU during that time and has been accompanied by a smart rise in consumer confidence. Beyond the seasonal slowdown reported in December, this should set the housing market up for another solid year in 2018.”