News

Rental prices at 4 year high in Portugal

The price of homes to rent in Portugal accelerated by 11.6% at the end of 2023, the highest year-on-year variation since 2020, according to INE.

Real estate responsible for half of foreign investment

Of the total FDI transactions in Portugal last year, more than half (3,900 million euros) were related to real estate investment (22% more than in 2022). In 2023 foreign direct investment in real estate reached the highest value since the beginning of the Banco de Portugal series (2008).

Rental prices rose 5.9% per m2 in Portugal in January 2024

The most recent data from the National Statistics Institute in Portugal (INE) confirms that, in the case of rentals, the amount charged by landlords to tenants has skyrocketed, with rent increasing by 5.9% per square metre (m2) year-on-year in January 2024.

Portugal's Real Estate Hits All-Time High with Record Summer Surge in Foreign Investment!

In a remarkable testament to Portugal's real estate resilience, foreign direct investment (FDI) in the sector has scaled new heights, reaching over €1.1 billion in the vibrant summer months from July to September.

Will house prices fall in Portugal in 2024?

House prices have been rising for more than ten years and this is expected to continue to happen in 2024, according to a report by ECO. Despite predicting a slowdown in demand and the pace of sales, the experts consulted by ECO do not see, on a medium-term horizon, a decline in housing prices.