Ratings agency Moody’s suggested the upward trend for house prices is certain to continue for the next few years.
Portugal is already one of the European countries with the highest rises in property prices.
Real estate prices in Portugal have been increasing since mid-2013. They accelerated in 2017 to levels pre- those in 2008 (the start of the financial crisis).
National statistics institute INE says house prices in general have increased by more than 16% since the beginning of 2016.
Lisbon and Porto show dizzying rates of 47% and 34% respectively.
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