Want to buy a house in Portugal? The price of old homes in 2024 is equivalent to the new 2019

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In Portugal, the average price of an old house in 2024 reached the same value of a new house in 2019. This is one of the main conclusions of the latest CPRE study, which outlines the “opening of Portugal’s residential market”, which outlines the comprehensive portrait of the evolution of this sector and allows you to respond to the country’s supply Scarc.

Appreciating ancient housing is one of the consequences of the real estate market in Portugal, which refers to the low offerings of new housing and the market and the defect between what families really need.

“The current context of the housing shortage in Urban Areas, Coupled with Demographic Pressure and Fiscal Incentives That Stimulate Demand More Houses, But Integer Neighborhoods, Designed Enterprises, Designed Today’s Families Borrego, Capital Markets from CPRE Portugal.

Portugal has a higher increase in home prices

The incidence of increased house prices is not exclusive to Portugal and is checked throughout Europe. However, Portugal, however, is obtained from population pressure, and there is a huge increase in the housing price index, which is more than twice in the last ten years.

According to CPRE study, Poland, the Netherlands and Germany are followed by Portugal, which leads the schedule of higher home prices. This last two countries are Significantly higher average wages Portugal (1,911 euros) – Netherlands (4,629 euros) and Germany (4,250 euros).

During the debt crisis in Portugal, the license and construction operations have a sharp fall, and only a slight increase in recent years has been recorded. As a result, prices rose in the transaction market and the lease market.

At this time, 77% of residents in Portugal have property. This trend is only very obvious in Polish and Norway, but in countries like Spain, Italy or Greece, especially in Nordic countries, the purchase is no longer there because of high lease culture.

The average price of houses in Lisbon, Alcarw and Porto has doubled over the past 10 years. However, this trend is upside down. Last year, high homologus growth rates were not recorded in major metropolitan areas, but except for the West and the Western and the Dakas Valley, the Settabal Peninsula and the north of the country.

The Housing Department is considered to be the most attractive asset in Europe, with the maximum, labor shortage and construction costs for press distribution. Portugal entered the rankings of foreign investors seeking profit through the real estate sector.