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 December 2024 edition of the RICS/Ci PHMS presents
a slightly more optimistic outlook when compared to recent
iterations of the survey, with a modest increase in both transaction
levels and demand. Furthermore, expectations within both the
sales and lettings market have risen in a similar fashion.
Starting with new buyer enquiries, the net balance has moved into
the positive zone from -2% last month to +6% this month, although
this remains close enough to 0 to be regarded as a relatively
neutral trend. On the supply side, the level of new instructions
coming to market has shown a further deterioration, with the net
balance becoming more negative, moving from -16% to -28% this
month.
Moving over to the volume of sales, this metric has also turned
positive with the latest reading of +10% marking an 11pp increase
from November