Edition 1450
18 November 2017
Edition: 1450

Read this week's issue online exactly as it appears in print.

Twitter

Property prices in Portugal rocketing

in News · 02-11-2017 14:06:00 · 1 Comments

Property prices in Portugal are soaring with the average price for a square metre of property currently standing at €896. However there are 41 municipalities where prices are above that average.

Property prices in Portugal rocketing

The pick-up of Portugal’s property market in recent times has been widely reported, and is showing no signs of slowing down.
A square metre of real estate in Lisbon is currently 15 percent more expensive than it was this time last year, at €2,231 per square metre of floor space, and the capital is the most expensive municipality in the country, when it comes to buying a new house.
Interestingly, in some areas, an old property now costs as much as a new build.
Nationally, the top three most expensive regions are Lisbon, Porto and the Algarve. The cheapest places to buy a house in Portugal are the Beiras and Serra da Estrela (central Portugal).
This is according to an in-depth report by newspaper Correio da Manhã, based on new figures from the National Statistics Institute (INE).
These figures show that the current average price for a square metre of real estate in Portugal (€896) is up 6.4 percent on figures this time last year, and the difference in the cost of floor space between the most expensive neighbourhood and the cheapest is over €2,000.
Portugal’s most expensive neighbourhood is, perhaps unsurprisingly, the heart of Lisbon, where buying a house along the Avenida da Liberdade or Marquês de Pombal costs around €3,294 per square metre; up 46.1 percent in 12 months.
Cascais, and Loulé and Lagos (in the Algarve) all have prices that are above €1,500 per square metre.
Practically the whole of the Algarve has prices that range between averages of €896 and €2,231 per square metre, hence making it one of the top-three most expensive districts in the country, with only the municipalities of Monchique and Alcoutim being below that benchmark.

Comments

Yet I can’t sell my house in Odeceixe!!
by David knowler from UK on 08-11-2017 06:30:00

Interactive Topics, send us your comments/opinion on this article.


Please enter the letters as they are
shown in the image.
Letters are not case-sensitive.
Edition 1450
18 November 2017
Edition: 1450

Read this week's issue online exactly as it appears in print.

Twitter

Pub

  • R.C. Brown
  • Cris Piessens
  • Marcela Properties
  • https://linen-etc.com/
  • Palm Properties
  • Simple Taste
  • Abacoz
  • Audiocare
  • Nobel International School
  • Intermarche
  • Blacktower
  • Ibex
  • Blevins
  • Abbeygate
  • Land and Houses
  • Toldolanda
  • AlgarExperience