Portugal sees property price growth in face of global uncertainty

Portugal saw an increase in asking prices between February and March 2020, despite the intensity of the global pandemic, analysis from real estate portal Imovirtual has found.

The average asking price increased by 1% from €234,038 in February to €236,399 in March.

Lisbon saw the asking price increase by €9,552 to €573.021 in March, while they rose by €10,014 in Porto to €318,027.

Prices in Portugal have increased by 12% year-on-year.

Conversely, Imovirtual report that the average price of rental properties has declined by 8% in comparison to March 2019.