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The Country of Portugal on Track for Biggest Rise in Property Prices in Europe

The Biggest Rise in Property Prices in Europe

The strong demand for the Portuguese property, both from the country of Portugal itself and from abroad, combined with the increasing shortage of housing properties, has put the country of Portugal on track for a predicted nine point five percent rise in prices on properties for sale in the country of Portugal this year. This means that, along with the country of Ireland, the country of Portugal will be the European country with the sharpest increase in prices of property, among the ten countries that have been analyzed by the financial rating agency from the US – the S&P.
This prediction, according to an article published by the Economia Online – a Portuguese economy and business site – has officially been made in the report on the housing market of Europe, which has been published by the S&P on Monday.
In the said report, the S&P agency has analyzed property market developments in the country of Belgium, the country of France, the country of Germany, the country of Ireland,

the country of Italy, the country of Netherlands, the country of Portugal, the country of Spain, the country of Switzerland, and the United Kingdom. The report published by the S&M agency has predicted that property prices will only remain relatively unchanged in the UK this year, and increase in all the other aforementioned countries.
The strong demand for the Portuguese property, both from the country of Portugal itself and from abroad, combined with the increasing shortage of housing properties, has put the country of Portugal on track for a predicted nine point five percent rise in prices on properties for sale this year, then start slowing down to – seven percent in 2019, six percent in 2020, and down to five percent in 2021.

This is, of course, only after they have already increased by ten point five percent last year, and another seven point seven percent in 2016.
Regardless, the S&P agency has stated their belief that the property market of the country of Portugal will remain affordable, and that the price to earnings ratio in the country will still remain seven percent below the long term average.
The S&P has also pointed out that the limited supply combined with strong domestic and external demand for properties in the country of Portugal, is fueling the inflation of the property prices in Portugal.

 

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