House prices in Portugal enjoy new 7% hike

It’s up, up and away for the property market with house prices leaping by another average of 7% for the third quarter of 2017 (July to September).

According to data compiled by property website Idealista, Lisbon is the place where it’s all happening. Prices there spiked 8.8%. The Algarve saw increases of 3.1%, while less popular areas like the north saw prices jump an average of 6.8%.

At the opposite end of the scale, prices dropped in the Alentejo and centre of the country – possibly as a result of the negative publicity surrounding wildfires.

Madeira too saw overall averages decrease, though the island archipelago remains one of the most popular choices for property buyers.

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