How has the Portugal Real Estate Market Changed?
The increase in demand for real estate has noticed a drop of 13% in the stock of Portuguese properties available for sale in the first quarter of 2022 apart from the beginning, as a comparison to what was available in the same period in 2021. The most recent research confirms that the real estate sector in Portugal is booming. In 2021, the real estate market in Portugal noticed a hike of 13.8%. And one year ago, the increase was only 5%. The market will have grown by 20% by 2022, affecting those who were not interested in purchasing. Objects have become more commonly bought in small towns. At the start of 2022, the average cost per square metre was 2,000€. The value of the new buildings was 1.5 times higher than the secondary market. It is just like paying 3088 € over 1871€ for a single-meter square. The highest property prices were noticed in Real estate in Lisbon and Porto. On average, the cost of notice in the center of Lisbon is 4850 € per meter square, and th...