Portugal on track for biggest property price rise in Europe

  • Início >
  • Notícias >
  • Portugal on track for biggest property price rise in Europe

Portugal on track for biggest property price rise in Europe
Reading time: 2 minutes
Published: 10th September 2018, 11:19am

Strong national and international demand for property coupled with a housing shortage have put Portugal on track for a forecast 9.5 percent rise in property for sale in Portugal prices this year, which means Portugal, along with Ireland, will be the European country with the sharpest increase in real estate prices, among the 10 countries analyzed by the US financial rating agency S&P.

Portugal on track for biggest property price rise in Europe

 
This forecast, according to a piece by business and economy site Economia Online, is made in the ‘Europe’s Housing Market’ report published on Monday by S&P. 

In the report, the agency analyses real estate price developments in Belgium, France, Germany, Ireland, Italy, the Netherlands, Portugal, Spain, Switzerland, and the United Kingdom. 
S&P predicts only in the UK will price remain unchanged this year, with increases in all other cases; up until 2021, Portugal will remain among the countries with the highest increases. 
As a result of strong demand, both domestic and international, and supply shortages, prices are expected to increase by 9.5 percent this year, slowing down to seven percent in 2019, six percent in 2020 and 5 percent in 2021. This, after last year, having already increased by 10.5 percent, and another 7.7 percent in 2016.
Nonetheless, S&P believes that the Portuguese market “remains affordable”, with “a price-earnings ratio still seven percent below the long-term average”.
In any case, S&P points out, “limited supply coupled with strong domestic and external demand is fuelling house price inflation”.
Bolstering this demand is “robust economic growth, job creation, and low-interest rates” as well as falling unemployment and “special incentives” such as the granting of gold visas and the programme for non-residents.
 

Find your dream property for sale in Portugal!



In this context, the agency anticipates that Portugal’s economic growth will remain “solid” this year, despite a slowdown compared to 2017, pointing to an increase of 2.3 percent of GDP. 
Thus, the Portuguese real estate market should “remain dynamic over the next few years, supported by job creation and increased incomes, as well as by external demand”, S&P concluded.
The gap between supply and demand is also expected to continue over the next few years. This is because the number of properties under construction is increasing, but still small, so it will likely not keep pace with the growth in demand.

 

Phone: +351 213 471 603

Email: info@portugalhomes.com

 

Source: portugalnews.com

27th September 2018
LISBON – September 25, 2018 – Today, Amazon Web Services, Inc.…
25th September 2018
Archeologists have found a centuries-old shipwreck off Portugal's coast…

Comprar uma propriedade em Portugall

A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.

Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!

Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.

Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!

Investidor dos EUA

Very helpful. Work with his heart. Mark is a very nice advisor. 

Investidor de Marrocos

Tudo correu lindamente. Consegui esclarecer todas as minhas questões. 

Investidor da Turquia

Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.

Investidor dos EUA

A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.

Investidor dos EAU

George Hobson é um jovem agradável, conhecido como conhecedor, experiente, trabalhador, honesto e disciplinado; Senti-me muito confortável em fazer facilmente o meu investimento.

Cliente dos Emirados Árabes Unidos