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October 2018

Softer trend in market activity

  • Flat trend in enquiries and agreed sales
  • Supply indicator weakens over the month
  • Price expectations remain firmest in the Algarve


Ricardo Guimarães

Director at Ci

“The key factors driving the market remain the same. The most quoted however, is regulatory and fiscal instability, which is increasingly affecting investors’ confidence. This is particularly true in Lisbon, where new rules regarding the local lodgement market appear to have had an adverse impact on Lisbon’s Historic Centre (LHC). Confidencial Imobiliário’s LHC Price Index has declined sharply, with capital value growth falling from 14.4% one year ago to just 0.1% in 2018.”

Simon Rubinsohn

Senior Economist at RICS

“Although October’s results suggest momentum has eased somewhat, forward looking metrics are still suggestive a reasonably solid outlook for the market. Indeed, the macro fundamentals remain strong, which should help provide a positive backdrop for housing market activity in the near term”