Housing
Housing construction and rehabilitation licenses fall 6.9% in the first half of the year
In the first half of 2026, licenses for residential building and renovation fell 6.9% to 9,836, though the total number of new housing units licensed rose 4% to 22,216. Meanwhile, bank mortgage lending increased 11.3% compared to the same period last year, and median bank property valuations grew by 16.6% in June.
Why it matters
This indicates continued high demand and rising prices for residential property in Portugal, suggesting that finding or purchasing a home remains increasingly expensive and competitive.Diário de NotíciasRead original ↗
Useful?
