Portugal Housing Market Slows While Prices Remain Elevated

Portugal Housing Market Slows While Prices Remain Elevated

PORTUGAL: Portugal’s real estate market is witnessing slower activity, with transaction volumes moderating amid weaker demand and rising uncertainty. However, Portugal housing prices continue to increase as supply shortages remain a key market constraint. Limited housing availability is preventing the slowdown from easing pricing pressures, particularly across important market segments. Although construction activity continues to show positive momentum, supply additions remain inadequate to rebalance the market. According to Confidencial Imobiliário, even though construction is registering positive figures, "the volume of new homes reaching the market remains significantly below the levels recorded two decades ago," highlighting the structural supply gap supporting continued price growth.

Source: The Portugal News