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House price increases in Portugal “almost double European average”

House price increases in Portugal “almost double European average”

A new report shows house prices in Portugal are increasing at “almost double the European average”.

While prices nationally registered growth of 7.9% for the first quarter of 2017, other Eurozone countries could only muster 4%, reports Expresso.

The figures were reached by comparing data for the same period last year, and translate into “the highest increase ever reported” by Portugal’s statistics institute INE.

The country’s rosy property panorama has only been topped by three other countries: Lithuania (where house prices increased by 10.2%), Latvia (+10.1%) and Ireland (+8.9%), says the paper.

 

Read more in the Algarve Resident