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Portugal is one of the countries where real estate prices have risen the most in recent years and should therefore remain until 2020 according to estimates by the rating agency Moody's predicts a rise in the value of residential real estate between 7% and 8%, second. reveals the online edition of "Diário de Notícias" this Thursday.
The agency has published a report this week in which it joins the Netherlands and Ireland with the countries that "will benefit most from the valuation of real estate prices over the next two years", with Portugal posting the growth rate.
Moody's note that "real estate prices have risen since mid-2013 and accelerated in 2017 to reach levels before 2008." The latest data from the National Institute of Statistics (INE) show that the selling price of homes in Portugal has increased by more than 16% since early 2016. In Lisbon and Porto, the pace was much higher, with 47% and 34%, respectively.
In addition to supply shortages in some parts of the country, Moody's also pointed out that "the special tax regime applicable to non-residents stimulates the external demand for residential property in Portugal".
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