Portuguese Housing Market Survey

“Prices grew 12.8% at the national level in 2017. But, in Lisbon’s Historical Centre, prices increased by 21.1% year on year, doubling since 2013. Top markets see new records every quarter and the most expensive prices previously have become just averages in the present. These quick changes have raised concerns for some respondents about developers and buyers operating in secondary locations, where prices might become unaffordable relative to local rationales.”

“Macro fundamentals continue to improve consistently across the Portuguese economy. Indeed, employment and household incomes are rising, consumer confidence remains elevated, and credit conditions have eased further over recent months. Given this, the outlook for housing market activity appears solid as we move through 2018.”