Very interesting video, however if you can, you should compare this statistics with the numbers between 2007 / 2009, where the real housing crises begun. In those days, yearly construction dropped from 700.000 / 800.000 a year to 100.000 and it´s the main reason why today prices on renting and housing are so high. Midle class in Portugal is over 80% of the population but for all that people there is no affordable construction since 2006. Prices will raise without any bubble since 67% of the portuguese own is house.
I was in Lisbon in November and saw a lot of cranes. Hopefully, new home construction will help. Also, for those that have the NHR, do they leave the country after it expires? Does that allow for new vacancies as well? Good info Ted. Thanks
We were looking to rent back in November, we found a lease that started this month January 2025. We did find a good amount of inventory when we were looking. We ended up renting in Guimaraes
Interesting that the inventory in Porto was up 30%. We live in Porto and it certainly didn't feel like there was much inventory. We ended up buying a house in Tavira. We move in next week.
house prices also increase over time as a factor of the decrease in the value of money. I wouldn't hope for a crash
Are the statistics broken down by age of property? That would help in determining how much newer luxury builds are skewing the price analysis.
Very interesting video, however if you can, you should compare this statistics with the numbers between 2007 / 2009, where the real housing crises begun. In those days, yearly construction dropped from 700.000 / 800.000 a year to 100.000 and it´s the main reason why today prices on renting and housing are so high. Midle class in Portugal is over 80% of the population but for all that people there is no affordable construction since 2006. Prices will raise without any bubble since 67% of the portuguese own is house.
I was in Lisbon in November and saw a lot of cranes. Hopefully, new home construction will help.
Also, for those that have the NHR, do they leave the country after it expires? Does that allow for new vacancies as well? Good info Ted. Thanks
Very interesting!
We were looking to rent back in November, we found a lease that started this month January 2025. We did find a good amount of inventory when we were looking. We ended up renting in Guimaraes
Interesting that the inventory in Porto was up 30%. We live in Porto and it certainly didn't feel like there was much inventory. We ended up buying a house in Tavira. We move in next week.
As a person living in Porto, it's because most homes are bought by investors, they are then sold later on for higher value to or airbnbs.
my neighbour is moving from the uk to Tavira too...:-)
Basic