The Portuguese Residential Real Estate Market. An Evaluation of the Last Decade

Authors

  • Fernando A. de Oliveira Tavares University Portucalense, Department of Economics, Management and Computing, Portugal
  • Elisabeth T. Pereira Research Unit in Governance, Competitiveness and Public Policies; University of Aveiro, Department of Economics, Management and Industrial Engineering, Portugal
  • António Carrizo Moreira Research Unit in Governance, Competitiveness and Public Policies; University of Aveiro, Department of Economics, Management and Industrial Engineering, Portugal

DOI:

https://doi.org/10.2298/PAN1406739T

Keywords:

Real estate appraisal, Real estate market, Portugal

Abstract

This article presents an integrated vision of the context of the residential real estate market in Portugal. It analyses the evolution of several macroeconomic indicators during the last decade. The article is complemented with the analysis of the house prices, where an evaluation of average prices of apartments in Portugal according to different typologies and regions have been done. Regarding the market environment, several indicators are assessed, such as the evolution of interest rates, the evolution of households’ credit, the consumption and construction confidence indexes and the evolution of foreign direct investment in housing. The conclusion is that after a booming period, the future of the real estate market is somehow worrying.

Key words: Real estate appraisal, Real estate market, Portugal.
JEL: R30, R31, R32.

Downloads

Download data is not yet available.

Downloads

Published

2014-12-15

How to Cite

de Oliveira Tavares, F. A., Pereira, E. T., & Carrizo Moreira, A. (2014). The Portuguese Residential Real Estate Market. An Evaluation of the Last Decade. Panoeconomicus, 61(6), 739–757. https://doi.org/10.2298/PAN1406739T

Issue

Vol. 61 No. 6 (2014)

Section

Scientific review