Portuguese house prices continue to rise as its economy recovers

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Portugal’s housing prices are rising rather strongly, amidst a recovering economy. Property prices in Portugal rose by 3.66% (2.78% in real terms) in January 2016 from a year earlier, to an average price of €1,047 (US$1,168) per square metre (sq. m.), based on figures released by Statistics Portugal (INE). After more than three years of depression, house prices in Portugal started to recover in 2014.

In Lisbon metropolitan area, property prices were up by 3.69% (2.81% in real terms) y-o-y in January 2016, to an average of €1,266 (US$1,412) per sq. m.

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