House price falls continue in Portugal
This content is archived.
The Portuguese housing market continues to slide, reacting to the country’s dire economic situation.
During the year to end-May 2012, the average property price in the country plunged by 8.9% to €1,047 per square meter (sq. m.), based on the figures released by Statistics Portugal (INE). When adjusted for inflation, property prices actually dropped by 11.3% over the same period.
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