House prices increase 19% in 2022

The prices of residential property in Portugal increased 19% last year. That is the largest percentage leap in a year for 30 years, explain reports. Properties that increased the most are those on the periphery of large city centers, in the capitals of districts, says SIC television news. Prices have also increased in ‘popular coastal areas’, as has the interest payable on mortgages. Says SIC, interest payments on mortgages haven’t been this high since 2009.