House sales up 16.6% and reach record in 2018

According to INE's official source, the series on the Housing Price Index, which publishes information on the number of housing sales (total, existing and new), starts in 2009 and has a quarterly disclosure.

According to INE, the number of buildings licensed in Portugal last year grew 17.6% year-on-year, with 30.3% more fireworks licenses, totalling 28.3 thousand, the National Institute of Statistics (INE).

INE also reveals that building permits for building rehabilitation increased by 11.7% in 2018, when they had decreased by 0.1% in the previous year, and that 19% of buildings were completed, a total of 13,500, when by 2017 had increased by 7.1%.

The average value of the bank's housing valuation increased by 5.8% in 2018 to 1,191Euro / m2 and the median value of rents of 77,723 new housing lease contracts concluded in 2018 in Portugal was 4.80 Euro / m2, representing an increase of 9.3% over the previous year.

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