Portugal Housing Prices Stabilize in Q1 2024
Discover the latest data on Portugal's housing market, with Lisbon remaining the most expensive region to buy a house. Find out more here.
Housing prices in Portugal remained stable in the first quarter of 2024, with Lisbon maintaining its position as the most expensive region in the country for purchasing a house. Data from Doutor Finances and the Alfredo platform revealed that the average price of a house in Lisbon was 4,730 euros in March.
Overall, the average price of properties in Portugal was 2,312 euros per square metre in March, representing a slight decrease of 0.8% compared to the end of the previous year. This decline comes after a 5.9% increase between September and December, followed by a 4.8% rise in the three months prior.
Despite the slight dip in average housing prices, Lisbon remains a sought-after location for property buyers due to its vibrant culture, historical charm, and economic opportunities. The city's unique blend of old-world charm and modern amenities continues to attract both local and international buyers looking for a place to call home.
The stability in housing prices in Portugal during the first quarter of 2024 reflects a balanced real estate market that offers opportunities for both buyers and sellers. As the country continues to attract investors and residents alike, the housing market is expected to remain resilient in the coming months.
Portugal Housing Prices Stabilize in Q1 2024
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