Residential Real Estate Transactions Surge in Portugal
In the first six months of this year, residential real estate deals in Portugal reached a staggering total value of 19.8 billion euros. The second quarter alone surpassed the 10-billion-euro mark, with transactions totaling 10.27 billion euros from April to June.
Lisbon Dominates the Market
A significant portion of this activity was driven by the Greater Lisbon area, which accounted for nearly one-third of the total transaction value nationwide. This highlights the region's pivotal role in Portugal's property market.
Rising Property Prices
The average price of homes sold during this period climbed to 385,000 euros, with new constructions exceeding half a million euros, underscoring the premium on modern housing.
This article is based on data from Jornal de NegĂłcios.
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