Renovation and new construction showed continued growth, with an 8.1% increase in licenses issued overall. This is detailed in the latest AICCOPN Housing Statistical Summary, as reported by idealista.
Financial institutions provided €17.792 million in new housing loans, a 37% increase compared to 2024. This suggests stability in the housing market despite fluctuating interest rates and economic conditions.
The average interest rate on housing loans decreased to 4.09% in December 2024, a 50-point reduction from the same month in the previous year.
House prices continued to rise, with bank valuations up 13.7%. Apartments saw a larger increase (15.2%) than houses (9.3%), indicating an ongoing trend of appreciation in Portuguese real estate.
The Central region experienced a notable increase in new home construction, with 7,223 licenses issued – an 18% rise compared to 2023. Bank appraisals for housing in this region also increased by 11% year-on-year.
