October 2019

One third of houses in Portugal take over a year to sell

The scarcity of new products and high prices mean that 22.5% of apartments and 37.5% of houses in Portugal take more than 12 months to sell, according to a study by Imovendo. Real estate is on the rise in Portugal, with real estate still being sold. In the last year, transactions exceed six billion euros every quarter, compared to three billion 10 years ago. A picture that is far from generalized to...

Rising house prices in Portugal show signs of slowing down

The selling price of houses in Portugal grew by 14.7% year-on-year in the third quarter. This when it had increased 14.8% in the second quarter and 15.9% in the first three months. The selling price of houses in Portugal grew by 14.7% in the third quarter compared to the same period last year. This evolution shows a slight deceleration from the rate registered in the previous quarter and since the...

Real estate employment in Portugal soared 80% in four years but expected to fall by 2020

Job advertisements multiply. Agents, property managers, commercial or administrative are required. The largest agencies in the market recruit hundreds of employees. Over the past four years, the number of people employed in real estate in Portugal has increased by nearly 80%, according to figures provided by the Association of Real Estate Professionals and Companies (APEMIP) to Vivo Vivo. By the end of...

166 more tourist projects coming to Portugal

Tourism continues to move millions and in just six months more than one hundred and a half new projects have been licensed. The North and Alentejo, in particular the municipalities of Grândola and Santiago do Cacém, are among the most crowded regions. In the first six months of 2019, a total of 166 tourist developments in mainland Portugal entered the licensing process, according to data obtained by...

Foreigners buy 54 houses a day in Portugal

The country's popularity with the foreign community is still on the rise and real estate sales registered "significant" growth in 2018, says INE. French, English, Brazilian, Chinese and German are the biggest buyers Foreigners are buying 54 homes a day in Portugal, representing 8.2% of all properties traded during the past year. There are 19,912 houses sold throughout the country but with greater...

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