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26 September, 2021

Home sales jumped in q2 - and prices increased 6.6%

The sale of houses in Portugal is in the red: between April and June 2021, 52,855 homeswere translocated, 58.3% more than in the same period last year, according to the National Institute of Statistics (INE). And, following the same path, house prices are also rising nationally – specifically, there was a 6.6% annual rise.

This "significant" increase in the number of transactions in the country can be explained, in part, by the fact that in the same period - i.e. from April to June 2020 - it was marked by "significant restrictions on economic activity as a result of the covid-19 pandemic containment measures which implied the lowest number (and value) of transactions since the third quarter of 2016", explains the INE in the document published this Tuesday, September 22, 2021.

In total, the houses sold in Portugal represented the movement of about 8.6 billion euros, representing an increase of 66.5% year-on-year. "April was the month with the most significant growth, with a year-on-year change rate of 72.4%, followed by June and May with variations of 64.3% and 63.9%, respectively," the INE points out.

Source: Idealista News

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