The February 2017 RICS/Ci PHMS results show sales market activity gathering momentum, with growth in transaction volumes picking up and demand continuing to rise at a solid pace. In the lettings market, a persistent lack of landlord instructions remains a dominant factor pushing rents higher.
Starting with the sales market, estate agents reported a strong increase in new buyer enquiries over the month, with a broad based pick-up noted across each region covered (Lisbon, Porto and the Algarve). Alongside this, agreed sales rose at the sharpest monthly pace since September 2015. What’s more, the rate of sales growth has now strengthened in each of the last three reports. Going forward, respondents envisage transaction volumes will continue to increase smartly over the next three months. New sales instructions rose marginally for the second consecutive period, although this modest increase was once again outpaced by that of demand.
Source : RICS