2018 will bring new record: 170 thousand homes are sold

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In the real estate market, the existing indicators have only one meaning: rise. This was already the case in 2016 and 2017 and the result will be repeated in 2018. Proof of this are the 122 317 certificates of registration for the purchase and sale of properties accounted for in the first five months of this year. These data, extracted from the database of Registries and Notary of the Ministry of Justice and assigned to Cash Living, lead APEMIP, the association that represents real estate professionals, to predict that, by the end of this year, exceed 170,000 transactions of houses.

By 2017, the 152,000 homes that have changed ownership have made the market the best year since 2010. In 2018, growth rates are not expected to be so high, but the trend is to grow.

Real Estate Registers pass all acts involving real estate, from shares, purchases and sales, executions, pawns or donations. According to the same data from the Ministry of Justice, between January and March, 658 901 records were observed, including the 122 317 relating only to purchases and sales of real estate - including garages, land or industrial and commercial buildings. Of this total, between 67 thousand and 72 thousand correspond to houses of habitation.

It is these data that lead the APEMIP to estimate that, when the year comes to an end, they will have exchanged hands between 165 thousand and 175 thousand family houses. It will be 10% to 15% more than in 2017. (...)

It is that, as he points out, Luís Lima, APEMIP president, the rate of price growth has risen more than the number of sales. And one of the reasons for this is the lack of houses. "There is increasing difficulty in finding assets. The stock in Lisbon and Porto is running out," he says, adding that one of the solutions involves "selling" other areas of the country, namely medium-sized cities.

This is a work that has already begun to be prepared by real estate agents, especially among international investors. And one of the "trumps" they exhibit are the rules for gold visas that, in more inland locations, do not require investment as high as on the coast.