The real estate market in Portugal takes 8%

&amp;NewLine;<p>The real estate market in Portugal experienced a first-half&amp;nbsp&amp;semi;2020 virtually similar to that of last year and this despite the pandemic&amp;period; Despite the covid-19 crisis&amp;comma; real estate activity remained virtually unchanged compared to the first half of 2019&amp;period; In addition&amp;comma; the average price of homes sold increased by 8&amp;nbsp&amp;semi;&amp;percnt; still compared to the same period last year&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">Portugal's real estate market takes 8&amp;nbsp&amp;semi;&amp;percnt; <&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>In the first six months of&amp;nbsp&amp;semi;2020&amp;comma; the real estate market in Portugal recorded sales of over 19 million euros&amp;comma; slightly lower than the 20&amp;comma;5 million recorded in the same half of the previous year&amp;period; In terms of sales&amp;comma; this represents 800 million euros&amp;comma; or around 7&amp;nbsp&amp;semi;&amp;percnt; less&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The main reason for this drop was the interruption of purchasing processes from March to May following the <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;deconfinement-au-portugal-le-4-mai&sol;" class&equals;"rank-math-link">containment<&sol;a>&amp;period; However&amp;comma; in June&amp;comma; the dynamics of demand&amp;comma; from trading and trade execution has already reached&amp;comma; virtually&amp;comma; the same levels as 2019&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The average value of the real estate market in Portugal rose by 8&amp;nbsp&amp;semi;&amp;percnt; on the residential property market&amp;comma; sales figures are not very elastic, which should prevent price falls<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">Rental market on the decline <&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>At the same time, the market <a href&equals;"https&colon;&sol;&sol;alfimmobilier&period;com" target&equals;"&lowbar;blank" aria-label&equals;"locatif&comma; &lpar;opens in a new tab&rpar;" rel&equals;"noreferrer noopener" class&equals;"rank-math-link">rental&amp;comma;<&sol;a> At the beginning of the year, the average rent was 893 euros, and by way of comparison, the average rent in April, May and June was around 772 euros, representing a 13%&amp;comma;5% fall in the average rent for the second quarter&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Experts believe that it is impossible to anticipate the specific impacts that the pandemic will have on the real estate sector&amp;period; However&amp;comma; he points out that the market is demonstrating "&amp;ThinSpace;resilience and stability&amp;ThinSpace;" and that negative impacts will be temporary and short-term&amp;period; Still according to them&amp;comma; the most affected segment will be international demand&amp;comma; while anticipating the transfer of ownership from local accommodation to traditional rental&amp;period;<&sol;p>&amp;NewLine;