Housing Prices Soar in Almada
Amadora registered the highest increase in housing price in the first three months of the year. It has increased by 22.7% relative to the national average of 9.2%.
Lisbon keeps registering the highest housing prices in the country, despite Amadora registering the most accentuated increase in those relative to the national average.
According to the National Institute of Statistics, the average housing price in Almada soared by 22.7% relative to the same trimester of last year with an average price of 1,304€/m2. The national average increase in housing price was 9.2%. There were other 46 municipalities where the price per square meter surpassed the national average of 1000€/m2.
In the first trimester of 2019, the national average housing price reached 1,011€/m2, which represents an increase of 1.5% relative to the previous trimester and 6.4% relative to the same trimester of last year. Both the Algarve, Lisbon area and Madeira keep being above the national average.
Among other cities registering prices above 1,500€/m2, Cascais (2,389€/m2), Oeiras (2,062€/m2), Loulé (1,983€/m2), Lagos (1,800€/m2), Albufeira (1,761€/m2), Tavira (1,669€/m2), Odivelas (1,563€/m2) and Funchal (1,542€/m2) are on the spot.
Source: ECO News
