In 2019, 23,608 buildings and 33,570 dwellings permits were issued in Portugal, corresponding to increases of 4.1% and 14.5% compared to the previous year (+19.1% and +32.9% in 2018, in the same order).
It is estimated that 14,184 buildings and 18,181 dwellings were completed in the same year, standing for increases of 11.6% and 23.2% respectively (+13.9% and +38.5% in 2018).
The real estate market in Portugal grew by 1.6% (+16.6% in 2018), the lowest year-on-year rate of change since 2013. For the third consecutive year, a new maximum was recorded in the number of transactions, which reached 181,478 dwellings in 2019. The value of housing transactions totalled €25.6 billion in 2019 (+6.3%; +24.4% in 2018).
In 2019, the median house price of dwellings sales in Portugal was €1,081/m2, increasing by 8.5% vis-à-vis the previous year. The city of Lisbon scored the highest house price (€3,247/m2) among the seven cities with more than 100 thousand inhabitants.
The median house rental value of the 72,788 new lease agreements of dwellings in Portugal stood at €5.32/m2, increasing by 10.8% compared to the previous year.
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