Houses increase 4% this year in Portugal
The rating agency Standard Poor's & (S&P) predicts that house prices will increase 4 percent this year in Portugal.
It is, moreover, a trend that should continue in the coming years, mainly due to foreign investment in the country.
"In the Eurozone, we estimate that Ireland has the largest increase in housing prices this year (9%), followed by Germany (5%), Portugal (4%) and the Netherlands (4%)," Le- on the report of S & P.
According to the rating agency, "the economic recovery and increasing foreign interest in the housing market is contributing to the increase in the price of homes in Portugal."
"The country has not had the experience of a boom in prices, as has happened in many OECD countries between 1990 and 2006. The performance of the Portuguese property market has been mediocre at long last decade, but without signs of a property bubble, "says the document.
For the coming years, S & P predicts that housing prices in the country continue to rise: 4% this year, as already mentioned, 3% in 2016 and 2% in 2017.