House prices continue to increase

in News · 21-09-2017 14:50:00 · 0 Comments

The national housing price index has seen property prices rise by eight percent during the second quarter of the year when compared with the same period in 2016. House prices also rose on the first quarter of 2017, with the cost of housing up 3.2 percent.

Figures published by Portugal Statistics (INE) this week revealed that new properties continued to report growth, while used properties, while still recording strong increases, slowed during the second quarter of the year.
The INE said that a total of just under 37,000 properties were sold between April and June, which is up 16.1 percent on 2016 and almost five percent above the number registered between January and March this year.

The total value of real estate sold during the second quarter was up 23.3 percent on last year, totalling 4.6 billion euros, of which 3.7 billion euros accounted for used homes.


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