Fewer non-EU foreigners may be investing in property in Portugal, but that hasn’t affected overall prices, which continue to climb: according to INE statistics institute, the house price index in Portugal rose by 7.8% year-on-year in the second quarter, accelerating compared to the previous three months, with the number of transactions increasing by 10.4% – the first rise in two years, writes Lusa. At a point when policies were meant to be in place to try and ‘fix the housing crisis’, prices of existing homes are the ones that have been seen to have risen “more sharply” compared to new builds: 8.3% and 6.6%, respectively.
House prices in Portugal continue to climb
