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Property prices peaking
- 25 March, 24
A warning was given recently by the European Commission regarding the perceived overvaluation pf property in Portugal, which has now been confirmed by DBRS. When looking at 18 countries around the world, the rating agency concluded that house prices in Portugal grew the most since 2018 (+60%).
Among the 18 economies evaluated in the DBRS report, Portugal stands out as the country where the highest housing appreciation was recorded between the last quarter of 2018 and the third quarter of 2023. According to a report by Jornal de Negócios, this is because house prices in the country rose by 60% in five years, and have now reached their peak.
Of the 10 European Union countries analysed, the ranking agency concludes that house prices – although they have risen less than in Portugal – have also reached their peak in Greece, Belgium, Spain and Italy. In Switzerland the cost of housing is also at an all-time high.
Cre: Portugalnews
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