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REAL ESTATE PRICES SHOULD CONTINUE TO RISE

REAL ESTATE PRICES WILL CONTINUE TO RISE

Moody's rating agency estimates that real estate prices in Portugal should increase from 7% to 8% by 2020. Although Portugal is the country where the real estate market is the most increased in recent years.

Portugal is one of the countries where house prices have increased the most in recent years. It should maintain this status in the coming years, according to Moody's estimates. The rating agency predicts that the value of the residential real estate market in Portugal. Should increase from 7% to 8% by 2020.

For European markets, Moody expects a modest increase over the next two years. But in a report released this week. The agency notes that Portugal, the Netherlands and Ireland are expected to benefit the most from the increase in property prices over the next two years. The Portuguese market is the country with the highest growth forecast.

In response to questions Mad Money. The agency specified the reasons that should continue to fuel the real estate market in Portugal. "There are certain areas where the gap between demand and supply leads to a strong appreciation in the price of residential and commercial real estate."

Moody reports that "house prices have increased since the 2013 and accelerated in 2017 to levels corresponding to 2008." According to the latest data from the National Institute of Statistics (INE), the sale price of houses in Portugal have increased by more than 16% since the beginning of 2016. The sales prices in Lisbon and Porto are much higher, with 47% and 34% increase respectively.

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