Azimute Real Estate Advisers

What You Need to Know About the Future of Real Estate

The strong appreciation in the world’s housing market continued in 2022, with home prices in many countries increasing more than 10% during that period. On average, homes have appreciated 6.4%, according to CoreLogic, a real estate analytics firm.

The sale price of houses in Mainland Portugal registered an increase of 6.4% in the accumulated result for 2021 ending in July, show the latest results of the Residential Price Index of CoreLogic , replacing those from INE . In relation to last month, prices have increased by 1.8%, as measured on a monthly basis and geographically, there were increases both North (+3%) and South (+1%). However, expected average prices have been reduced due to supply constraints

In monthly terms, the month of July once again presented a positive variation in the country’s house price, reaching a rate of 0.6%. In any case, this is the second consecutive month in which monthly price changes have slowed down, after this indicator reached 2.5% in May, a level that broke the pattern of relative stability observed since the beginning of the pandemic.

Mosaic gallery fringilla velaliquet nec

In June, the monthly variation had been at 1.1%. In year-on-year terms, the valuation reached 5.7% in July, the highest record of this indicator since October of last year.

Related Posts

This website uses cookies and asks your personal data to enhance your browsing experience.