Residential property prices continue to rise in Lisbon


Residential property prices continue to rise in Lisbon

In the first quarter of 2023, prices increased by 1.9% (year-on-year growth is 7.7%).
According to SIR, during this period the average price per square meter of houses in Lisbon reached 4,203 euros. This is already the sixth quarter in a row when prices are set above 4,000 euros per square meter.
Prices in Lisbon are rising at a faster rate than at the end of last year. In the last quarter of 2022, growth was 1.2% (annualized 7.1%).
Prices in the capital, as throughout Portugal, have shown an upward trend in recent months, contrary to the cooling trend observed in the second half of last year.



Source link