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The Portuguese Residential Real Estate Market. An Evaluation of the Last Decade

Author

Listed:
  • Fernando A. de Oliveira Tavares
  • Elisabeth T. Pereira
  • António Carrizo Moreira

Abstract

This article presents an integrated vision of the context of the residential real estate market in Portugal. It analyses the evolution of several macroeconomic indicators during the last decade. The article is complemented with the analysis of the house prices, where an evaluation of average prices of apartments in Portugal according to different typologies and regions have been done. Regarding the market environment, several indicators are assessed, such as the evolution of interest rates, the evolution of households’ credit, the consumption and construction confidence indexes and the evolution of foreign direct investment in housing. The conclusion is that after a booming period, the future of the real estate market is somehow worrying. Key words: Real estate appraisal, Real estate market, Portugal.JEL: R30, R31, R32.

Suggested Citation

  • Fernando A. de Oliveira Tavares & Elisabeth T. Pereira & António Carrizo Moreira, 2014. "The Portuguese Residential Real Estate Market. An Evaluation of the Last Decade," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(6), pages 739-757.
    • Handle: RePEc:voj:journl:v:61:y:2014:i:6:p:739-757:id:493
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    More about this item

    Keywords

    Real estate appraisal; Real estate market; Portugal;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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