About 80% of homes take less than six months to be sold

The Portuguese real estate market continues to boil. If in 2014 and 2015 the average time that a house was in the market was over two years, everything has changed meanwhile. Almost 85% of homes that were put on the market in 2017 for sale took less than half a year to sell; 37.7% were between one and three months in the market and 46.67% between four and six months, according to "Público" on Friday.

These estimates, which were provided by the president of the Portuguese Association of Realtors and Real Estate Agents of Portugal (APEMIP), are important in trying to understand the scope of the fiscal initiatives announced by Catarina Martins (BE), the so-called "Taxa Robles "if it was applied.

At the statistical level, however, the numbers provided by APEMIP do not allow a landlord who has owned a property for 20 years and now places it for sale, with the one who just bought it to sell it after a few months.

"In 2014 and 2015 the average selling time was over two years. Currently, a third of the properties take between one and three months to be sold, "said Luís Lima, the leader of the APEMIP, in statements to the morning. According to him, "the percentage of sales in less than three months will increase this year".

According to the APEMIP data, only 4.44% of the houses remain in the portfolio of mediators for more than a year to be sold. In other words, to be taxed at the maximum rate of the owners that would carry out sales operations in a short time, few would be unharmed, the newspaper underlines.