The rating agency predicts that this increase will slow down after this year, growing 7% in 2019 and 6% in 2020. But this year, Portugal will be one of the two countries where the price of houses will grow more, along with Ireland.
According to the numbers quoted by the DV, the peak of growth will therefore have been reached in 2017, a trend also observed in other European countries. Europe's Housing Markets says that the "strong economic growth and rapid labor market improvement, low interest rates, external demand and supply shortages will continue to sustain the sharp increases in house prices."
It is estimated that the number of transactions grew 19.5% in Portugal in the first nine months of last year, after a rise of 18.5% in 2016. In the same report, it can be read that "transactions for existing real estate, representing 85% of the market, are driving real estate activity”, and this year the increase should be 20%.