Tag: housing

Apartment prices are breaking records, but developers are reporting great results

Apartment prices are breaking records, but developers are reporting great results Apartment prices are breaking records, but developers are reporting great results

Developers listed on the WSE main market and Catalyst sold 23,078 properties in 2023, up 39%. y/y, calculated by the RynekPierwotny.pl portal. Data from the fourth quarter of last year alone. indicate an increase of 60 percent. y/y to 6,014 properties. “The presented percentage of fourteen leading companies in the domestic development sector with a […]

“The money is practically gone.” Minister on the future of the 2% loan.

“The money is practically gone.” Minister on the future of the 2% loan. “The money is practically gone.”  Minister on the future of the 2% loan.

Minister of Development and Technology Krzysztof Hetman announces changes to the subsidy program for mortgage loans. They are intended to influence not only supply, but also demand. The Third Way politician appeared on TVN24 on Thursday, where he spoke about the ‘Safe 2% Credit’ program. As he admitted, the funds for its continuation (planned for […]

More than 70% of lease contracts are worth less than 400 euros

More than 70% of lease contracts are worth less than 400 euros More than 70% of lease contracts are worth less than 400 euros

In Portugal there are only 923 thousand leases and more than 70% of tenants pay less than 400 euros per month. At a time when housing rents are expected to increase by 5% in 2023, the highest in nearly three decades, and the transition period to update pre-1990 contracts is coming to an end, preliminary […]

Home recovery shows a 45% decline at the start of the year

Home recovery shows a 45% decline at the start of the year Home recovery shows a 45% decline at the start of the year

The home renovation market is coming to a standstill. In the first four months of the year, promoters submitted 785 permit applications for the restoration of buildings, a decrease of 45% compared to the same period last year. Only 40 projects were received in Lisbon and only 25 in Porto, representing a decrease of 45% […]

Home sales to foreigners rise by more than 70%

Home sales to foreigners rise by more than 70% Home sales to foreigners rise by more than 70%

Real estate investments in Portugal continue to attract the attention of foreigners. The housing market data for the first quarter of this year leave no room for doubt. Sales of homes to citizens of other countries increased by more than 70%. Yesterday, according to the National Institute of Statistics (INE), European Union (EU) tax resident […]

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