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December 2018

Expectations Weaken Over The Month

  • Sales expectations turn flat
  • House price inflation eases
  • New instructions drop sharply

 

 

 

Ricardo Guimarães

Director at Ci

“Several market indicators show that, on the one hand, the overall trend is positive but, on the other, there are signs of deacceleration in the main municipalities. This is evident in the house price indices computed by Confidencial Imobiliário, that show a reduction in price increases in Lisbon. In particular, the historical centre is leading the new stabilisation in the market, a scenario also pointed out by the agents in the survey”

Simon Rubinsohn

Senior Economist at RICS

“The latest figures paint a more subdued outlook for the housing market over the near term, although the longer term view is little changed. With the domestic economic backdrop still set to stay reasonably supportive, it remains to be seen whether sentiment will turn back in a more favourable direction as we move through 2019.