Pages Navigation Menu

Property sales in Portugal ‘have never been at this level’

Property sales in Portugal ‘have never been at this level’

Statistics institute INE has released figures showing house sales in Portugal reached ‘a new maximum’ in 2018 “even with prices continuing to rise’. Exactly 178,691 transactions took place, representing the highest number since ‘records (of this type) began’ in 2009. The figures translate into an increase of 16.6% on sales for 2017 and 48% on sales for 2009. The value of transactions came to €24.1 billion, which translates into millions in taxation revenue.

The ‘good news’ however is tempered by the fact that sales figures aren’t expected to break further records any time soon.

 

Read more in the Resident