Softer trend in market activity
“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.”
“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”