Real estate

Portugal: a booming real estate market

The real estate market is going through a period of great buoyancy, which is reflected in the growth of prices and the number of transactions, as well as in a wide range of other indicators (see table below). What factors are stimulating supply and demand? What trend will they follow? We analyse this below. Unlike previous business cycles, domestic credit does not currently appear to be the main driver of this buoyancy. In particular, the latest data (relating to Q1 2018) show that new mortgage credit represents a relatively small...

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