Mainland Portugal residential property market stabilizes in May

Last month there was a slight increase in prices of 0.6%. Similar fluctuations were recorded a month earlier, when the housing price index showed an increase of 0.5%.

The price stabilization trend has replaced the previous acceleration trend observed since January. Price fluctuations increased in the early months of this year, exceeding the values ​​seen in the second half of 2022 and peaking at 2.1% in March. April has already shown a slowdown in price growth in annual terms – 16.3% compared to 17% recorded a year earlier. The housing market in Portugal is entering a period of stability. Price growth has begun to slow, although housing costs are still higher compared to last year.

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