Portuguese Housing Market Survey

“For the agents in the survey, there are three factors conditioning the market. The most quoted is still the lack of houses available to respond to demand. This is a consequence of the slow levels of new construction (despite the increase in the number of new projects to be launched). Secondly, several agents mention price levels as a potential constrain, especially in terms of families’ purchasing capacity. Finally, fiscal and legal instability, and continuous announcements on new measures and market rules, that are generating a less positive climate among investors.”

“The latest results show demand growth being resumed during September, following a flatter, seasonally affected, picture over the previous few months. Going forward, the outlook for housing market activity appears reasonably solid in the near term, with macro fundamentals still supportive and confidence across the economy generally upbeat.