In 2016 the number of building permits in Portugal increased by 10.9% (-3.7% in 2015), with 16 738 buildings being licensed, changing the downward trend of recent years. The total number of dwelling permits increased by 37.4% (+12.4% in 2015), corresponding to 17 944 dwellings.
The number of works completed (based on the estimates for works completed for the period 2015-2016) decreased by 3.2% vis-à-vis the previous year (-13.8% in 2015), corresponding to 10 661 buildings. The number of dwellings completed (around 9.8 thousand) increased by 9.4% (-17.2% in 2015).
In 2016 transactions of dwellings surpassed a total value of EUR 14.8 billion, corresponding to an increase of 18.7% (+30.8% in 2015). Sales of new dwellings accounted for EUR 3.4 billion, decreasing by 3.9% (+7.2% in 2015) while existing dwellings increased by 27.6% (+43.1% in 2015), totaling EUR 11.4 billion.
The House price index increased by 7.1% in 2016 (+4 p.p. vis-à-vis 2015), corresponding to the third consecutive year of growths in the prices level, more intense in the already existing dwellings (+8.7%) than in new dwellings (+3.3%).

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