House prices continue upward trend

in News, Property, Business, Economy · 09-04-2021 17:00:00 · 1 Comments

The average sale price of residential property in Portugal jumped almost 18 percent during the first quarter of the year.

The increase was also marked by a substantial rise in the number of listed properties, which were up 88 percent on 12 months ago.

Rental properties also grew in number, up more than 100 percent on last year, though their value dropped by close to 10 percent, down to 840 euros a month.

Lisbon meanwhile tops the value of real estate, with the average value of properties sold sitting at 353,000 euros.

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Appalling news for every young Portuguese family trying so hard to find an affordable home . Speculators should be banned from the market with strict rent control being introduced by law for at least a recovery period of five years.
Roberto Cavaleiro Tomar

By Cavaleiro from Other on 11-04-2021 03:37
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