Portuguese Housing Market Survey

“Almost all respondents’ comments confirm that investors are more cautions, searching for the best opportunities, aware of potential overpricing risks. Sellers are reducing their expectations, and some are reducing their properties’ asking price. Some agents mention that the volume of new houses under construction will also put some pressure on prices, especially in the resale market. At the same time, despite increases in new loans, agents feel that credit restrictions are limiting potential demand.”

“Despite growth in Portuguese economy regaining some momentum through the early part of 2019, the housing market appears to be losing some impetus. With consumer confidence still relatively solid, it suggests other factors, such as affordability and a lack of stock, may be taking their toll on demand.”