The sale price of houses in mainland Portugal increased by 15.6% in September, according to the Confidencial Imobiliário Residential Price Index, released today.
In monthly terms, the rise was 1.3%, according to the residential market tracker.
"This year alone, valuations were always higher than 13.5%, reaching a maximum of 16.4% in May and remaining around 15% since then," the report reads.
The housing price recovery cycle began five years ago in the last quarter of 2013, but for about two years, year-on-year increases remained below 3%.
It was only in 2016 that the recovery began to accelerate, with prices rising by 3.5% to 9% by the middle of last year and significantly increasing the pace of growth since then, with year-on-year variations always double-digit.
This cycle of successive increases led to prices being 10.6% above the pre-crisis period (2007) and having recovered 41.4% from the lowest level in June 2013.
