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Lack of Confidence Affects Portuguese Property Market

Saturday, 30. April 2011

Latest figures released by the Institute of Chartered Surveyors and Confidential Imobiliario show that property prices are continuing to fall in Portugal and that it is affecting all the key areas in the country, including the Algarve, Lisbon and Porto.  The decline in prices is not due to rising supply as the number of new vendors coming onto the market has been falling since December 2010.  The national activity index showed further signs of weakening in the market as it fell 2 points to -26 while the national confidence index fell by 22 points to -51.

The Algarve showed the least decline in prices while Lisbon showed the sharpest price falls, and.......

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