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 August 2024 RICS/Ci PHMS results (there was no report for July 2024) continue to reflect a
market in a relatively flat state, with buyer activity remaining
stagnant and the number of new instructions coming to market still
weak. Despite muted current conditions, expectations remain a
little more upbeat across both the sales and lettings market.
With respect to new buyer enquiries, the indicator has posted
a net balance of -2% which is a less negative than the results
across the previous two months. For agents in particular, the
latest net balance of –3% is significantly less downbeat that the
average reading seen throughout 2024 so far. On the supply side,
the headline net balance for new instructions remains largely in
negative territory at -20%, almost identical to the figures for the
preceding two months.