Housing
Fewer houses are sold. Why do prices rise?
In the first nine months of 2026, total housing sales dropped 9% compared to 2025, driven by a 19% decline in used home transactions, even as new home sales grew 11%. Meanwhile, median bank property appraisals reached 2,278 euros per square meter in September, a 14.2% year-on-year increase, with growth of 15.4% for apartments.
Why it matters
If you are looking to buy a home, the market remains challenging because limited housing supply and rising bank appraisal values continue to keep prices high despite lower sales volume.The Portugal NewsRead original ↗
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