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Категории
Real estate

Home prices up nearly 13% in the first three months of the year

23 ИЮНЯ 2022
Темы
Mercado Imobiliário Destaque Notícia Homepage INE Preço das Casas
Housing prices in Portugal just keep on rising. According to INE, the pandemic and now the war have further contributed to this price escalation.
Home prices up nearly 13% in the first three months of the year
According to the National Statistics Institute (INE), between January and March of this year, there was a 12.9% increase compared to the same period in 2021. The pandemic and now the war have further contributed to this price hike.

The INE also divulges that used houses show a year-on-year increase of 13.6, higher than the 10.9% increase in new houses.

After prices rose more than 9% in 2021 and almost 12% in the last quarter of last year, the INE's Housing Price Index for the first quarter of 2022 again shows a steep increase for houses in the country. Compared to the previous quarter, it validates an increase of 3.8%.

Also in the first quarter of the year, 43,544 houses were transacted, a year-on-year increase of 25.8%, however, it also presents a chain decrease of 5.1%.

In this time frame, the value of homes sold reached 8.1 billion euros, up 44.4% compared to the same period in 2021.

Families were the great stimulator of the market, having bought 37,840 units (86.9% of the total), for an overall value of seven billion euros (86.1% of the total).

Foreigners were responsible for 5.9% of the total number of transactions (or 2,556 homes), which translates into a weight of 10.4% of the total value transacted.
Темы
Mercado Imobiliário Destaque Notícia Homepage INE Preço das Casas
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