This is the highest rate of change in the series, available since 2009. INE explains that this behavior was essentially determined by the price of the existing housing, whose prices rose by 11.5% YoY, while the price of new housing grew by 6.9%.
The quarter also registered a record of transactions, with a total of 38,783 houses sold in the third quarter, the series' new high, with sales between July and September closing at €4,900 million for the first time, 34.4% higher than in the same period last year. This is an increase of 5.1% in the number of sales compared to the previous quarter.
The Lisbon Metropolitan Area, the North and the Center accounted for 64% of total transactions registered in the quarter.