November 2024 RICS/Ci Portuguese Housing Market Survey [Electronic resource]
November 2024 RICS/Ci Portuguese Housing Market Survey [Electronic resource]
- Royal Institution of Chartered Surveyors & Confidencial Imobilario 7 January 2025
- 5p
- Portuguese Housing Market Survey .
RICS, in partnership with Confidencial Imobiliario, produces the Portuguese Housing Market Survey, a sentiment survey that collects and analyses the opinions of professionals in agency and development about the prices, availability and demand of residential property in three areas of the country: Greater Lisbon, Greater Oporto and the Algarve.
The November 2024 edition of the RICS/Ci PHMS returned
results that are somewhat flatter than those seen previously, with
most metrics pointing to a slight dip in momentum. This is evident
across both the sales and lettings market.
New buyer enquiries have slipped into neutral territory, with the
net balance falling to -2% from last month’s +5%. Alongside this,
the net balance for new instructions also fell slightly from -15%
to -16%, thereby continuing the trend of firmly negative readings
seen over many months. A regional breakdown of this figure
reveals that, despite some easing in negativity across Porto
(with the net balance moving from -35% to -11%), the lack of new
properties coming to market appears to have worsened over the
last month in both Lisbon (-7% to -14%) and the Algarve (-11% to
-33%).
HOUSING MARKET
RESIDENTIAL PROPERTY
Portugal
RICS, in partnership with Confidencial Imobiliario, produces the Portuguese Housing Market Survey, a sentiment survey that collects and analyses the opinions of professionals in agency and development about the prices, availability and demand of residential property in three areas of the country: Greater Lisbon, Greater Oporto and the Algarve.
The November 2024 edition of the RICS/Ci PHMS returned
results that are somewhat flatter than those seen previously, with
most metrics pointing to a slight dip in momentum. This is evident
across both the sales and lettings market.
New buyer enquiries have slipped into neutral territory, with the
net balance falling to -2% from last month’s +5%. Alongside this,
the net balance for new instructions also fell slightly from -15%
to -16%, thereby continuing the trend of firmly negative readings
seen over many months. A regional breakdown of this figure
reveals that, despite some easing in negativity across Porto
(with the net balance moving from -35% to -11%), the lack of new
properties coming to market appears to have worsened over the
last month in both Lisbon (-7% to -14%) and the Algarve (-11% to
-33%).
HOUSING MARKET
RESIDENTIAL PROPERTY
Portugal