News

Housing prices in Portugal rocket 11% in 2017 and will increase another 8.5% this year, according to S&P

Page created: Monday, 12 February 2018 10:11 GMT

Thematic
Tags:

Estimates from the North-American rating agencies place Portugal — alongside Ireland — at the top of prices acceleration foreseen for 2018, a movement that S&P’s justifies by the country’s economic growth, decrease in interest rates, demand from foreigners and lack of supply of houses.

“Robust economic growth and a rapidly improving labor market, low interest rates, foreign demand, and lack of supply continue to underpin strong home price increases in Portugal. We anticipate 8.5% house price growth this year, after an estimated 11% in 2017”, the rating agency stated