Property prices in Portugal unaffected by coronavirus
July 28, 2020 - Portugal
The average price of properties for sale in Portugal fell by just 0.8% between April and May 2020.
The average price of properties listed by real estate portal Imovirtual was €359.497 in May. Compared to the year before house price growth is still significant.
In May 2020 properties listed had an average house price which was 12.8% higher, rising from €318.808 to €359.497.
On a monthly basis Portalegre was the district with the highest percentage price drop, of -1.3% to €135.454.
The district that showed the biggest increase in percentage price variation compared to April was Vila Real, with a growth of 4% to €182.160.
Lisbon remains the most expensive district to buy a property in Portugal. In the capital the average price has risen by 18% year-on-year from €502.033 in May 2019 to €592.709 in May 2020.
This article has been republished from propertywire.com
Trends, property market, real estate market, real estate prices, Coronavirus