Portugal Property Prices on the Rise Again: Latest Update
After a period of stabilization, Portugal's property market sees a 1.2% increase in prices in May, signaling a rebound in the real estate sector.
House prices in Portugal experienced a slight increase in May after a period of stabilization due to a drop in house sales. According to the idealista price index, the median cost of buying a house in Portugal was 2,654 euros per square meter at the end of May, representing a 1.2% increase compared to the previous month. On an annual basis, house prices in Portugal rose by 6.9%.
Among the 20 district capitals analyzed, house prices in 10 large cities saw an increase in May. Guarda, Braga, and Leiria topped the table with increases of 6.5%, 5.4%, and 3.8% respectively. Other cities that experienced notable increases include Viseu, Viana do Castelo, and Funchal.
On the other hand, house prices for sale decreased in cities like Portalegre, Coimbra, and Bragança. Lisbon remains the most expensive city to buy a house in Portugal, with prices reaching 5,619 euros per square meter. Porto and Funchal follow closely behind.
For those looking for more affordable housing options, cities like Portalegre, Guarda, and Castelo Branco offer the most economical prices per square meter.
The housing market in Portugal saw a positive trend in May, with prices showing signs of recovery after a period of stabilization. The varying price trends across different cities indicate a dynamic market that offers both expensive and affordable housing options for buyers.
Portugal Property Prices on the Rise Again: Latest Update
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