Portugal: House price index up 8.4 per cent

 

Housing prices in Portugal have increased by 8.4% in 2020, which is down from 9.6% in 2019. However, despite the “unfavorable environment” brought about by the pandemic, the “growth momentum” has been maintained. 

 


According to data from the National Bureau of Statistics (INE): “In 2020, despite the unfavorable background due to the restrictions imposed by the covid-19 pandemic, the rising dynamics of transaction house prices continue to be observed. 

The INEreport stated: “The average annual rate of change of the IPHab [House Price Index] is 8.4%, which is a decline compared to the price growth rate (9.6%) observed in 2019.” 

According to the statistical agency, the average annual price growth rate of existing housing (8.7%) exceeds the average annual growth rate of new housing (7.4%), but consistent with recent years, the respective growth rates of prices differ from 2019 of 2.5 percentage points in 2020 to 1.3 percentage points in 2020

Leave a Reply

Your email address will not be published.

Madeira Portugal

Love Madeira: Golden sand & crystal clear waters

  Madeira is a Portuguese island located west of the Mediterranean Sea in the Atlantic Ocean. Please enable JavaScript E-Mail-Marketing-Services by Benchmark   Madeira attracts a large number of visitors each year due to its beautiful landscapes, gardens, flowers, and tropical temperature. A multitude of beaches may be found along Madeira’s coastline. Calheta, one of […]

Read More
Faro Portugal

Why two Portuguese villages ranked among the Best in the world

Cumeada and Castelo Rodrigo are two Portuguese communities that have won the World Tourism Organization‘s Best Tourism Village Award. The award was presented during the OMT’s 24th General Assembly, which is now taking place in Madrid. These awards are being granted for the first time this year, with the goal of recognizing the greatest rural […]

Read More
Madeira Portugal Vaccination

Portugal: Madeira will begin vaccinating children against COVID-19

Madeira has not recorded any cases of the Omicron variant and is scheduled to start immunizing 14,715 children aged 5 to 11 on December 14. Health Minister Pedro Ramos said: “The vaccines (intended to vaccinate children) will arrive on December 13, a week ahead of schedule.” Government officials emphasized that the region will receive 25% […]

Read More