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September 2024 RICS/Ci Portuguese Housing Market Survey [Electronic resource]

By: Contributor(s): Language: English Series: Portuguese Housing Market SurveyPublication details: Royal Institution of Chartered Surveyors & Confidencial Imobilario 4 November 2024Description: 5pSubject(s): Online resources: Summary: 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 latest edition (September 2024) of the RICS/Ci PHMS presents a slightly more positive picture in comparison to recent iterations of the survey, with both demand and promised sales strengthening. Furthermore, expectations surrounding the market remain similarly upbeat with positive trends seen in both the sales and lettings market. Beginning with new buyer enquiries, the net balance has moved out of the negative zone from -2% last quarter to +2% quarter, although remains close to 0 and within neutral territory. On the supply side, there has been a noticeable decline in negativity for new instructions with the net balance for September coming in at -3%, significantly above last month’s -20%.

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 latest edition (September 2024) of the RICS/Ci PHMS
presents a slightly more positive picture in comparison to recent
iterations of the survey, with both demand and promised sales
strengthening. Furthermore, expectations surrounding the market
remain similarly upbeat with positive trends seen in both the sales
and lettings market.
Beginning with new buyer enquiries, the net balance has moved
out of the negative zone from -2% last quarter to +2% quarter,
although remains close to 0 and within neutral territory. On the
supply side, there has been a noticeable decline in negativity
for new instructions with the net balance for September coming
in at -3%, significantly above last month’s -20%.