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Building permits, transactions and prices increased significantly
Construction and housing statistics
Building permits, transactions and prices increased significantly - 2018
17 July 2019

Summary

n 2018 the number of building permits in Portugal increased by 17.6% (+11.0% in the previous year), corresponding to 22.2 thousand buildings. The total number of dwellings permits (28.3 thousand) increased by 30.3% (+19.0% in 2017). Building requalification works increased by 11.7% in 2018 (-0.1% in the previous year).
A total of 13.5 thousand buildings were completed in 2018, increasing by 19.0% vis-à-vis the previous year (+7.1% in 2017). The number of dwellings completed (around 15.6 thousand) increased by 36.3% (+13.1% in 2017). Requalification works completed increased by 10.6% in 2018 (+2.6% in the previous year).
In 2018 an increase of 16.6% was recorded in transactions of dwellings, totaling 178 691 family dwellings. In 2018, the median price of dwellings sales in Portugal was 996 €/m2, an increase of 6.9% compared to the previous year. The average value of housing bank appraisals increased by 5.8% in 2018 (+5.0% in 2017) setting at 1 192€/m2.
In 2018, the median house rental value of the 77 723 new lease agreements registered in Portugal was 4.80 €/m2 (+9.3% vis-à-vis 2017).

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