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In 2020, the price of Portuguese Real Estate houses, did not fall. There were many investors waiting to get big discounts on properties. They expected a depreciation of prices, due to the delicate situation in the country and in Europe, but It didn't happen.
The housing price raised instead. And there are some factors that have contributed to this increase of prices
The Banking Industry and many other finance institutions, are still lending money for real estate transactions, and as long as they keep doing so, the market will keep working and grow.
The Interest rate charged for mortgages are the lowest in recent years. The price of money is cheap.
Lisboa - Portugal
There's enough demand for housing, but the supply of new houses fell.
The construction activity has weakened last year, mainly due to the pandemic. In the first half of 2020, the number of licensed dwelling permits in Portugal fell by 4.1% to 11,259 units from a year earlier, after rising by 18.4% in 2019 and 43.5% in 2018, information based on INE figures. Let's see how the market will react, if there's no supply or shortage in supply, and the demand remains the same is likely that housing prices will keep rising.
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+31 (0)6 51760042
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