Agência para o Investimento e Comércio Externo de Portugal


House prices in Portugal have doubled since 2015, according to the International Monetary Fund (IMF).

In a regional report on Europe, the IMF notes that real estate markets are showing signs of overvaluation across the region, including in Portugal.


“Real house prices have doubled since 2015 in the Czech Republic, Hungary, Iceland, Luxembourg, the Netherlands and Portugal,” the report reads. IMF technicians underline that “since the pandemic, the divergence between house prices and incomes, and between house prices and rents, has increased even more”.


According to the Bretton Woods institution's accounts, house price/income ratios currently stand at more than 30% above long-term trends, while house price/income ratios "also far exceed historical norms, including in economies of Northern Europe or emerging European countries.


In The Portugal News