Homes have appreciated more than 53% since the crisis peak

November 28, 2019 Expresso Joana Nunes Mateus Expresso
November 28, 2019
Joana Nunes Mateus

House prices have already risen more than 53% since the Portuguese residential real estate market hit bottom in the second quarter of 2013. An apartment then bought in Portugal for € 200,000 has the potential to now sell for over € 300,000, This is taking into account the housing price index developed to measure the evolution of the prices of family homes purchased in Portugal and the other countries of the European Union.

Data for the second quarter of 2019 - recently provided by the National Institute of Statistics (INE) and Eurostat - show that only two countries in the European Union have experienced stronger increases than Portugal in this housing price index over the last six years.

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