28/09/2020
Facts from oficial and verified sources
23 % less Houses sold and 7,8% price increase
According to our National Statistic Institute during the second quarter of 2020 the number of houses sold was less if compared to the first quarter, 23% to be exact.
These are the first oficial facts, consequence of the pandemic and the confinement that took place throughout the country.
Even if we compare with the previous year, the drop is 21,6 % less houses sold.
To put things in context, for us to find a similar market performance we need to go back to 2016.
In the second quarter of 2020 33.398 houses were sold, this when 43.352 were sold in the first 3 months of the year.
As for prices, those continue to grow even if the increase is now slower.
INE (our National Statistic Institute) also reports an increase of 0,8 % and 7,8% when compared with last year.
Curiously enough this is still the highest increase registered since data is being compiled.
