Summary and analysis of Portugal's current residential real estate market conditions.
Insight
Portugal Residential Market Dynamics, Q1 2025
Your browser doesn't support speech synthesis.
Ouvir artigo •
Tempo de leitura: 1 sec
The ECB rate reduction is boosting the residential sales market, impacting both transactions and prices. The persistent supply-demand imbalance supports continued price growth.
Portugal’s residential market shows robust growth, with a significant acceleration in development activity over Q1 2025. Lisbon saw a 36% increase in new housing development compared to 2024’s monthly average, with requests for licensing of about 900 new homes made in Q1 2025 alone.
A significant shift towards new construction was observed, comprising 81% of the quarter's development pipeline – a substantial change from recent years’ 40-60% share of refurbishment projects.