Housing prices are predicted to decline in Portugal
October 10, 2023
19
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
356 800 €
Studio in Vila Nova de Gaia, Portugal
41 sq.m112
ResidenceCredit
The residential complex is located in the heart of the historic center of Vila Nova de Gaia. Apartments of typology T0 (lofts) and T2 (with two bedrooms), some of them with balconies overlooking the river Douro, The studio in the house under construction is located on the 2nd floor of the building. Solar orientation to the west / east (sunny...
Amber Star Real Estate
3 400 000 €
Villa in Lagos, Portugal
484 sq.m645
Online ViewingCredit
Exquisite luxury villa in a resort of high standard, luxury and sophistication, located in Lagos, in the midst of unrivaled and unique natural beauty. The large natural amphitheater offers panoramic sea views and harmonious design. The area descends slowly from the entrance (70 m above sea level) on a gentle slope down a hill that crosses...
Amber Star Real Estate
870 000 €
Flat in Porto, Portugal
386 sq.m755
Online ViewingRemote TransactionCredit
5 bedroom apartment located in a residential area of Costa Cabral, Paranhos!!
This four-fronted apartment is well finished, with a good distribution and a combination of spaces that provide practicality for those who like it, and is organized on 386 m² of private common area, distributed as follows:
On the 1st floor there is a large...
Amber Star Real Estate
635 000 €
Apartment in Funchal, Portugal
177 sq.m433
Online ViewingRemote TransactionCredit
3 bedroom apartment in the center of Funchal, located in a building in the shopping center La Vie with modern architecture, consisting of:
- 3 bedrooms,
- 3 bathrooms,
- living room,
- fully equipped kitchen,
- balcony.
The total area of the apartment is 177 m2.
The materials used in construction and decoration are of high quality....
Amber Star Real Estate
488 000 €
Apartment in Lisbon, Portugal
50 sq.m211
Online ViewingRemote TransactionCredit
1-bedroom apartment of 50 m2 and 7 m2 balcony, located in a new apartment complex that will appear in the heart of Avenidas Novas, on Av Elias Garcia.
A project of modern architecture, carefully designed and developed for young professionals and families, national or international, who want to take advantage of a central location in the city....
Amber Star Real Estate
495 000 €
Apartment in Porto, Portugal
156 sq.m544
Online ViewingRemote TransactionCredit
4 bedroom apartment with 156.5 m2 with a 70.5 m2 balcony and 2 parking spaces, inserted in the new private condominium in Águas Santas, in the city of Maia.
A venture that excels in attention to detail, offering a familiar and dynamic environment, where the balance between nature, architecture and innovation, assume special importance,...
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310 000 €
Apartment in Portimao, Portugal
100 sq.m432
3 bedroom apartment located on the 3rd floor of a building served by 2 elevators, with excellent sun exposure where all rooms are oriented to the south and with direct access to the spacious balcony. Building located in the Vilarosa urbanization, a short distance from Praia da Rochaerty in very good condition, with 2 bathrooms, pantry and...
Habita International Estates Ltd
545 000 €
Flat in Vila Nova de Gaia, Portugal
128 sq.m43
Residence
3 bedroom apartment with balcony, 2 parking spaces and storage, inserted in new development located on the Marginal of the Douro apartment benefits from large rooms that extend continuously to the outdoor balconies, overlooking the sea and the river, providing a functional and comfortable use with high levels of energy and acoustic LS...
Mercury Group
795 000 €
Flat in Vila Nova de Gaia, Portugal
32
Residence
Apartment of typology T2, with terrace and 2 parking spaces in thering high standards of constructive quality and environmental and energy sustainability, the MG7 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
2 500 000 €
Flat in Lisbon, Portugal
186 sq.m43
Residence
Luxury apartments with a contemporary design, in a privileged location with stunning views of the Tagus River. An energizing base from which to enjoy the historical, cultural and gastronomic delights of Lisbon. Lisbon is about to meet a new lifestyle.!
Mercury Group
1 300 000 €
Manor in Algarve, Portugal
Residence
Farm in Albufeira with excellent property has an old house and several annexes to recover and / or is served by electricity, water and sewage supplyted five minutes by car from the center of Albufeira, with access by tarredently the activity of planting carob and almond trees is developed, but it has great potential for any type of activity or...
Mercury Group
1 050 000 €
Flat in Algarve, Portugal
32
Residence
More than an apartment ... a lifestyle!Large apartments with excellent natural lighting with luxury finishes just 10 minutes from the city center and its wonderful enterprise stands out for a very modern and bold architecture at the culmination of a new ideology of quality and an unwavering commitment to quality finishes and excellent services,...
Mercury Group
3 700 000 €
House in Algarve, Portugal
530 sq.m65
Residence
In the village of the Resort you can find 12 villas, all of them with distinct areas with a central courtyard in common. All its construction and development was thought of in the harmonization between the interior and exteriore villas are totally independent, their large lots have areas ranging from 1700m2 to 3300m2 and divisions of 3 to 7...
Mercury Group
3 100 000 €
House in Algarve, Portugal
389 sq.m54
Residence
In the village of the Resort you can find 12 villas, all of them with distinct areas with a central courtyard in common. All its construction and development was thought of in the harmonization between the interior and exteriore villas are totally independent, their large lots have areas ranging from 1700m2 to 3300m2 and divisions of 3 to 7...
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
750 000 €
Office on Madeira, Portugal
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 traditions.
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...
Mercury Group
1 100 000 €
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...
Mercury Group
1 300 000 €
Flat on Madeira, Portugal
43
Residence
To choose this development is to choose the city of Funchal and one of its most emblematic blocks. Here, the history of Madeira joins the 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 houses, through more classic apartments to...
Mercury Group
2 100 000 €
House on Madeira, Portugal
300 sq.m43
Residence
Exclusive and luxurious 3 bedroom detached villa with premium location - São Martinho - Zino - Funchal, with excellent sun exposure, sea and bay view of Funchal, high quality finishes, excellent quality of materials ands well above average, 3 suites, large living room, with 74 m2, and a view of the sea, kitchen and ultramodern bathrooms fully...
