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.
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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.