Property || House prices are on the up and up in Portugal. Eurostat data has shown that property prices have increased 5.9% in the second quarter of this year compared to the same period in 2013.
Prices also increased 1.6% compared to the first three months of the year. This means they have been increasing continuously since the end of 2013.
These statistics come just after the Resident reported Luís Lima, president of APEMIP (the national real estate professionals’ association), discussing the real estate sector’s “very positive 2014″.
Lima told us that “property sales have been increasing for four consecutive quarters” and “if the calendar year were from June 1, 2013 to June 30, 2014, this would have been the year of the sector’s recovery!”
House prices are also recovering on a European level. In the second quarter of 2014, compared with the same period last year, prices remained virtually stable throughout the eurozone, while in the European Union (EU) they rose by 1.7%.
Compared to the first three months of this year, house prices increased by 0.9% in the eurozone and by 1.4% in the EU.
