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Portuguese real estate market led the post-crisis recovery vis-à-vis countries most affected by the financial crisis.
In the third quarter of 2017, prices rose 10.4%. The pressure exerted by the tourist activity and the attraction of national and international investors and speculators, with investment capacity impossible to follow by the great majority of the current residents, dictate this rise.
Lisbon, Porto, Sintra and Cascais were the counties that registered a greater demand of house in the real estate portal Imovirtual
Association of the sector says that data confirm the good moment of the Portuguese real estate market, which "lives a dynamism that has not been verified for a long time"
The average value of bank appraisals on housing reached €1,176 per square meter in May, €5 more than in the previous month. This represents a 0.4% increase in relation to April and a year-on-year growth rate of 5.9%.
In 2017, the Commercial Property Price Index (CPPI) rose 3.3% when compared with the previous year, 1.3 percentage points (p.p.) more than in 2016.
The Bank of Portugal tightened the rules for granting housing loans but, for the BCP president, there is no bubble. "Not from near, not from afar." But it admits regional differences.
In the third quarter of this year, 38,783 houses were sold, the highest figure in the series, according to the INE. In the same period, the value of sales amounted to almost 4,900 million euros, also a record amount.
It is a case to say: appearances deceive. Despite the narrow appearance of this house, the property is 98 square meters, it is located in one of the chicest districts of London and is not cheap.
The price of apartments for rent registered an increase of 26% in 2017 compared to 2016, revealed today the real estate portal Imovirtual, indicating that the greatest demand for the lease was in Lisbon, Porto, Sintra, Cascais and Amadora.
Portugal, France and the Netherlands were the only three countries in the euro zone where housing rates increased between 2015 and 2016, with increases of 0.6%, 1.2% and 1.8%, respectively, released today. DBRS financial notation.
The CTT formalized the sale of the former headquarters of the national post offices, with an overall value of 25 million euros. The properties are located in Rua de São José, in Lisbon.
The company led by Francisco Lacerda closed the deal for a value that represents an accounting surplus of 16 million euros.
According to data of the Association of Professionals and Companies of Real Estate Mediation of Portugal, two years ago a house took two years to be sold.