With annual growth the next 5 years the Lisbon Real Estate Market is among the best (a media update to friends of our hotel)
We get hundreds of news updates about Lisbon everyday. The best and most relevant stories we share with friends, guests and followers here on Tings Lisbon’s blog. Mostly stories about things that interest us personally or things that are relevant to our hotel or Graça.
Like this one from Property Wire who just published their predictions based on the housing market survey from the Royal Institution of Chartered Surveyors and Confidencial Imobiliário.
Property sales in Portugal have increased firmly across all areas of the country, most notably Lisbon, Porto and the Algarve with demand from buyers increasing, according to the latest index data.
Estate agents reported a strong increase in new buyer enquiries in February with sales rising at the sharpest monthly rate since September 2015, according to the housing market survey from the Royal Institution of Chartered Surveyors and Confidencial Imobiliário.
It means that the rate of sales growth has now strengthened in each of the last three index reports and going forward agents expect sales to continue to increase over the next three months.
The report also predicts that house prices are set to average nearly 5% per annum over the next five years.