Home prices in Lisbon recover 22% in three years

Home prices in Lisbon recover 22% in three years

Published at: 2016-05-24 09:13 | Author: CIJ Portugal
The price of homes in Lisbon recovered 22 percent between the end of 2012 and the end of 2015. According to the Residential Price Index, the recovery of housing prices in Portugal has been underway for eight consecutive quarters. In 2015 alone, the index grew 11.9 percent compared to 2014, exceeding the already promising recovery of 7.5 percent recorded that year. This trend is also visible on home prices nationwide, although the pace is slower outside the capital. Having hit bottom in the 2nd quarter of 2013, the national average in Portugal ended 2015 5.3 percent up. More than half of this growth (2.9 percent) was achieved in 2015, a faster pace than the 2.3 percent growth achieved in 2014. Growth has continued into 2016, with prices rising an estimated 2.6 percent over the first two months of the year.

Similar Stories:

Impact completes third phase of Greenfield Baneasa
Impact Developer & Contractor has completed the third phase of the Greenfield Baneasa  »
Scandia Food invests €30m in Sibiu resi project
Scandia Food is planning to invest €30m to develop a residential project that will go up  »
Metropolitan Residence to invest €100m in Crown Towers
Metropolitan Residence is planning to invest €100m to develop Crown Towers in northern B  »
Low savings rates hitting Czech mortgage volumes
Czech banks were expecting to hand out CZK 200bn in mortgage loans, but it's now clea  »
Where do you see your company going over the next two years? Since I became GM of the co   »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »