Between April and June, 52,855 homes were sold in Portugal, for a total value of around 8.6 billion euros. The values ​​were published by the National Institute of Statistics (INE) and not only recover pre-pandemic values ​​but also constitute records since records were started in 2009.

The total value of transactions of 8.6 billion euros represents an increase of 66% compared to that recorded a year earlier, while the number of operations grew by 58%.

Sales of second-hand homes totaled €7 billion, while those of new homes were worth €1.6 billion.

The average price reached around 162 thousand euros, an increase of 6.6% compared to the same period in 2020. The growth benefits from the comparison with the toughest quarter of confinement, right at the beginning of the pandemic - the so-called base effect. Between April and June 2020, 33,398 accommodations were purchased (the lowest value since 2016) worth 5.1 billion euros (you have to go back to 2017 to find a shorter sum).

The price of new homes rose 6.9%, more than the 6.5% of those sold second-hand.

A third of the transactions took place in the Lisbon Metropolitan Area. The North region concentrated 28% of the total, the Center had 20%, the Algarve 7.6%, and the Alentejo 7.3%.

The autonomous regions of Madeira and the Azores were responsible for around 2% each.

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