Sales price of residential properties increased 17,4% in the first quarter The supply of houses for rent has more than doubled, registering an increase of 101,1%, compared to the same quarter of 2020, leading to a 9,4% decrease in the value of rents, to 842 euros. In the first quarter of 2021, the average sale price of residential properties grew 17,4% in Portugal, compared to the same period last year, while the price of office properties fell, says a report prepared by the real estate data technology platform CASAFARI. According to the analysis report of the national real estate market for the first three months of this year, despite the pandemic situation, real estate prices in the residential segment continued to show a gradual growth, while the number of properties available for sale increased 87,8%. In the period under review, the supply of houses for rent more than doubled, registering an increase of 101,1%, compared to the same quarter of 2020, leading to a 9,4% drop in the value of rents, to 842 euros . According to the report, all districts in Portugal, with the exception of Viseu, which registered a 0,88% drop, saw an increase in average real estate prices in the period under review. Noteworthy is the district of Braga, which recorded the largest increase, with an increase of 18,6%, and Aveiro, with an increase of 15,2%. Lisbon remains the district with the highest average selling price, 353 thousand euros. The municipalities of Lisbon, Cascais and Oeiras stand out as the most expensive in Greater Lisbon, both in terms of average sales prices and in terms of average rental prices. It was also Lisbon that had the greatest growth in the number of properties available for sale, an increase of 166,6%, while Castelo Branco was the only district to register a drop. As for leasing, all districts recorded increases in the number of properties available for rent. The report, prepared by the CASAFARI real estate data technology platform, also presents an analysis of the non-residential segment, with emphasis on the offices. In this segment, Casafari’s data points to “more pronounced effects due to new trends driven by the pandemic, such as teleworking, with office prices falling and, in reverse, with the offer available for rent registering increases of up to 34,5% “. Original article.
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