Real estate: “exuberant” prices are here to stay | Housing series in Portugal

 Real estate:

The problem is not new, nor is it Portuguese originality. There are many countries in Europe where rising house prices have made access to decent housing out of reach for a large proportion of citizens. It was in November 2021 that the European Commission warned of signs of possible house price overvaluation, signaling Portugal as one of the EU countries where it identified greater risks of a future abrupt correction in the property market. At the same time, a team of researchers coordinated by Paulo Rodrigues responded to the challenge of the Francisco Manuel dos Santos Foundation (FFMS) and tried to analyze in the study The real estate market in Portugal – prices, rents, tourism and accessibility, are multiple dimensions. The research spanned the past decades and stopped in early 2020 – right when the covid-19 pandemic broke out.