The March 2016 RICS/Ci PHMS results show sales growth gathering momentum, albeit gradually, for a third successive month against a backdrop of solid demand. As a result, prices continue to drift upwards. In the lettings market, rents are being squeezed higher by a mismatch between rising demand and falling landlord instructions.
Focussing on the sales market, new buyer demand increased at asolid pace during March, with growth seen in each region (Lisbon, Porto and the Algarve). On the back of this, agreed sales rose for the third consecutive month following a modest dip in December. What’s more, the rate of increase has now accelerated in each of the last three reports. Sales expectations continue to point to a firm outlook for activity in the coming months.
Source : RICS