Immovable. Moody's plans a price increase of 8% by 2020

By 2020, the upward trend in real estate prices in Portugal will continue. Who said that it was the rating agency Moody's. The rating agency predicts that the value of residential real estate will increase by 7% to 8% in the next two years, announced Thursday the newspaper Jornal de Notícias.

If, at the European level, Moody's expects a slight rise in prices over the next two years, the agency stresses in a report published this week that "Portugal, the Netherlands and Ireland should benefit most from the valuation of real estate prices in the coming years. "two years". In fact, the Portuguese market is even one with the forecasts of a higher growth rate.

"There are areas in which the gap between supply and demand causes a sharp appreciation of the price of residential and commercial property," explained the agency in response to questions " JN ".

According to the latest data from the National Institute of Statistics (INE), the selling price of homes in Portugal has increased by more than 16% since the beginning of 2016. In Lisbon and Porto, the pace was much more high, with 47% and 34%, respectively.