Housing prices are predicted to decline in Portugal
October 10, 2023
23
Price correction will begin due to a slowdown in sales and stricter lending conditions.
What has happened? According to Idealista analysts, Portugal is anticipating a 2.1% drop in house prices.
The reasons:
The study highlights that the number of home sales fell 9% year-on-year in the four quarters accumulated up to the 1st quarter of 2023, with a greater decrease in existing homes (-10.9%) compared to new construction (+0.1%).
The number of sales in the first quarter 2023 has fallen 20.8% compared to the same period in 2022.
The lending conditions have tightened, which has reduced the purchasing power of the population.
The supply of houses also “remains limited to meet housing needs, taking into account demographic trends”, and suffers from the impact of “high construction costs”, highlights the document.
Forecasts. The results of the second half of 2023 will show how bank interest rates affected the housing market more accurately.
Idealista experts expect the number of sales to be more than 20% below the 2022 number and for this low level to persist into 2024.
Please view residential properties in Portugal
675 000 €
Flat in Lisbon, Portugal
107 sq.m322
Online ViewingRemote TransactionCredit
This 2-bedroom apartment is located on the 4th floor of Block F of a gated condominium near the Tagus River. The apartment includes: 1 Suite;
1 Bedroom;
1 Bathroom;
Entrance Hall (6,3 m²);
Kitchen and living room in an open space;
Balcony (8,6 m²); 1 pantry and 2 parking spaces are added to this property. There are 4 more...
Amber Star Real Estate
650 000 €
Apartment in Funchal, Portugal
280 sq.m3
Gated community consisting of only 8 residential units, all with panoramicview of the Bay of Funchal and the hotel grounds.With the highest quality finishes, large interior areas and terraces onthe whole facade.The apartments are equipped with an air conditioning system in allindoor, home automation, heat and sound insulation.Garage with a...
Intermark Global
1 412 500 €
Apartment in Lisbon, Portugal
141 sq.m433
Online ViewingRemote TransactionCredit
Great 3 bedroom apartment in Baixa Pombalina of 141 m2, consisting of:
- Living room;
- Kitchen;
- 3 Bedrooms;
- 3 Bathrooms. Amenities:
- Built-in and concealed air conditioning system for heating and cooling;
- Doors with JNF, OpenSpace, Saheco and GRASS hardware;
- MACIÇA natural wood exterior windows;
- HAGER stereo...
Amber Star Real Estate
430 000 €
Apartment in Porto, Portugal
53 sq.m211
Online ViewingRemote TransactionCredit
Apartment with a total area of 53.8m2 in the Historic Centre of Porto.
It is located in a picturesque place, surrounded by historical buildings, cultural attractions, restaurants, recreational and commercial areas of the city of Porto.
This apartment includes the following finishes:
Hallway, Living Room, Bedroom:
- Walls - Thermal...
Amber Star Real Estate
1 600 000 €
Commercial property in Tomar, Portugal
80000 sq.m
Online Viewing
A truly unique project is on sale – a historical estate of the XVIII century. The main house of the complex was built in 1748 and belonged to Visconte de Tinaihas.
Despite its venerable age, the estate is well–groomed, has modern equipment. The garden and vineyard are in excellent condition.
The owners have preserved the...
Portugal Subtil
309 000 €
Apartment in Barreiro, Portugal
95 sq.m221
CreditRental property
An apartment in the chic Nuba project, which was shortlisted for the MIPIM Awards 2024 in the nomination "Best new Development".
The MIPIM Awards is a prestigious event held annually in Cannes, France, at the world's largest real estate exhibition. These awards celebrate outstanding achievements and innovations in the real estate industry,...
VRC Idrisova
285 000 €
Flat in Peniche, Portugal
218 sq.m652
Rental property
The apartment is located in the center of the coastal town of Peniche, famous for its stunning beaches, perfect surf waves and rich cultural heritage, with a pleasant atmosphere and a combination of traditional charm and a growing tourism offer.
Duplex apartment with 5 bedrooms and a private garage for 2 cars, furnished and equipped.
It is...
Portugal Subtil
775 000 €
Flat in Vila Nova de Gaia, Portugal
128 sq.m43
Residence
Magnificent 3 bedroom apartment with panoramic views over the mouth of the Douro apartment has large areas, equipped kitchen, balcony and two parking spaces in the basement of theounded by the eccentric landscapes of Foz Do Douro, the DA III development is located on the Marginal de Canidelo, next to the Local Nature Reserve of the Douro...
Mercury Group
765 000 €
Flat in Vila Nova de Gaia, Portugal
43
Residence
Apartment of typology T3, with terrace and 3 parking spaces in thering high standards of constructive quality and environmental and energy sustainability, the MG4 apartments are the perfect option to live, while enjoying the harmonious landscape over the Douro River and the city of project was developed in order to meet the unique image of the...
Mercury Group
1 180 000 €
Flat in Lisbon, Portugal
192 sq.m43
Residence
A unique project in the new and award-winning riverside neighborhood of thetments where the unique architecture, the quality of construction and the premium finishes combine with the maximization of space, luminosity, energy sustainability and acoustic and thermal comfort throughout theted in front of the Tagus River and a few minutes from the...
Mercury Group
1 110 000 €
Flat in Lisbon, Portugal
176 sq.m32
Residence
A unique project in the new and award-winning riverside neighborhood of thetments where the unique architecture, the quality of construction and the premium finishes combine with the maximization of space, luminosity, energy sustainability and acoustic and thermal comfort throughout theted in front of the Tagus River and a few minutes from the...
Mercury Group
4 300 000 €
Flat in Lisbon, Portugal
54
Residence
Excellent investment opportunity or to live as a family in this new luxury development located in the Park in thel for you with all the tranquility and a view of the Vasco da Gama bridge and the river, near the Marina and the Casino. Also thinking about families, this development is distinguished by its services that offers such as indoor and...
Mercury Group
660 000 €
House in Algarve, Portugal
141 sq.m43
Residence
Fantastic modern villa under construction, inserted in a plot of 168m2, with a construction area of 141m2. Basement common to the 5 villas, with individual boxes with direct access to the 0th floor. Plot with private patio to the east and west and terrace on the top floor, with unobstructed views. This villa under construction is perfectly...
Mercury Group
3 500 000 €
Manor in Algarve, Portugal
101520 sq.m
Residence
Farm with active agricultural production and approved project for rural tourism hotel with 2000m2, located next to Salgados and Galé, in property has a land area of 101.520m2, where you can find cultivation of vegetables, fruits, animal husbandry and property is fully fenced, has two water holes, tank, connection to water, electricity and...
Mercury Group
1 395 000 €
Flat in Algarve, Portugal
158 sq.m43
Residence
The Pine Cliffs Residence comprises 154 luxury apartments, in two- and three-bedroom typologies, located in the middle of a pine forest of immense scenic beauty suspended above the sea and next to the golf course of the Pine Cliffs luxurious development translates its own lifestyle, while benefiting from the services it provides through the...
Mercury Group
33 207 500 €
Hotel in Algarve, Portugal
Exclusive Aparthotel with sea view, consisting of 396 apartments of typologies T0, T1, T2 and T2 Duplex, spread over 8 hotel unit, located in the heart of Albufeira, with decorated environments designed for a perfect family holiday, is surrounded by the entire life of a large touristy life and feel the comfort of spacious spaces, in one of the...
Mercury Group
1 360 000 €
Office in Algarve, Portugal
400 sq.m
The villa is situated in a privileged location and with a magnificent panoramic consists of a restaurant operating on the ground floor and housing on the first floor, with ample parking, integrated in a land area of approximately 8000m2 and situated 10 minutes from Tavira (7 km). The first floor has a spacious 3 bedroom apartment, surrounded by...
Mercury Group
3 500 000 €
Hotel in Abrantes, Portugal
4-star hotel situated in the Albufeira de Castelo de Bode, enjoys a beautiful natural and landscaped 24 rooms, they all have; air conditioning, individual safe, TV and are divided by two floors, being; 8 double rooms (2 Suites), 8 bedrooms with two TWNJ beds, 8 bedrooms with two separate TWNS, a saltwater pool overlooking a garden with 2000 m2...
Mercury Group
640 000 €
Flat on Madeira, Portugal
132 sq.m43
Residence
3 bedroom apartment located in the center of property is inserted in a development located in one of the most prestigious areas of apartments are in the building that houses one of the most sophisticated hotels in the city, a shopping center and one of the areas with the best accessibility in the city ofllent access to all types of commerce...
Mercury Group
3 300 000 €
Flat on Madeira, Portugal
32
Residence
Choosing this development is choosing the city of Funchal and one of its most emblematic blocks. Here, the history of Madeira joins sophistication and modernity, overlooking the Atlantic and half walls with the peculiarities of a city with 6 centuries of venture is a unique project. From the old house, through more classic apartments to the most...
