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House prices “off the scale” in 41 Portuguese municipalities

House prices “off the scale” in 41 Portuguese municipalities

Statistics institute INE has once again released figures to show that house prices in Portugal are rising rapidly, particularly in 41 municipalities.

Lisbon, Porto and the Algarve are the regions where prices continue to exceed national averages.

And for homeowners in the Algarve, almost every borough has been touched by the boom.

Says tabloid Correio da Manhã this morning, the only places where prices have not skyrocketed as much as their neighbours are Monchique and Alcoutim.

Thus, from Aljezur in the west – a relatively new addition to the real-estate limelight – to Castro Marim and Vila Real de Santo António in the east, it’s all systems go.

In Aljezur, for example, agents say demand has reached the point where “townhouses walk in one day and out the other”.

Read more in the Algarve Resident