House prices in Portugal rose 16.4% in May

, Comments 0 comments

praiadaluzThe price of a home in Portugal increased 16.4% in May 2018, compared to May last year, according to the residential prices index issued today by Confidencial Imobiliário's tracking data.

These figures are taken from actual transaction prices obtained from the Residential Information System.

This increase shows a rise in the rate of increase and sees a continuation of the rise in year-on-year property prices since the end of 2015.

In cash terms, a property that cost €60,000 in 2017, will now set the buyer back by €73,120.


© algarvedailynews.com

The above content produced by swissinfo.ch is not intended for commercial use and may not be republished by third parties either wholly or in part.

0 Comments To This Article