December 2024

Portuguese Housing Market Survey

FEEDBACK POINTS TO NOTICEABLE IMPROVEMENT IN SALES MARKET CONDITIONS WITH EXPECTATIONS ALSO PICKING UP

  • Buyer demand improves
  • House prices continue to gain momentum
  • Letting demand remains strong

Tarrant Parsons

RICS Senior Economist

Portugal’s robust economic growth, driven by strong domestic demand and a booming tourism sector, is expected to persist and outperform the struggling Eurozone this year. With macroeconomic headwinds easing and policy rates likely to be lowered, the nation is well-positioned to maintain its solid performance. This optimism is reflected in the latest housing market data, which continues to show a generally positive outlook. However, potential risks remain, including the Trump administration’s tariff threats and broader geopolitical and economic uncertainties that could warrant a more cautious outlook.”

Ricardo Guimarães

Director at Ci

“The year ended with an 11% year on year price increase, resulting from a sharp rise in transaction activity. Comparing Q4 2024 to Q4 2023 shows that the number of sales has increased a remarkable 27%, exhibiting the demand pressures felt in the market and the quick response from both families and investors to the fall in interest rates. The survey results indicate that both prices and sales expectations have reached new highs since the inflationary crisis that began in H2 2022.”

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