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May 2018

Demand continues to rise, pushing prices higher

  • New buyer enquiries and sale increase again
  • Steadier trend in new instructions to sell
  • Rental growth accelerates further

Ricardo Guimarães

Director at Ci

“The latest results from the Confidencial Imobiliário House Price Index (HPI) show an annual increase of 14.2% in March 2018. This is the strongest growth seen over the last 26 years, coming as a result of several forces identified by the Portuguese Housing Market Survey, especially the demand pressure. A new trend emerging is the price increases in secondary markets. In fact, for the second time, all municipalities in Portugal had positive quarterly growth rates on their respective HPIs. The recovery is not only in prime or touristic locations and this is pushing up the market’s headline valorisation.”

Simon Rubinsohn

Senior Economist at RICS

“Employment growth remains solid across Portugal, with the latest figures showing the number of people in work has increased by 3.2% over the past year. As such, although growth across the economy may be slightly softer this year than last, housing market activity should still be supported by favourable dynamics..”