The Real Estate Market in Portugal: prices, rents, tourism and accessibility

Analysis of the dynamics of the real estate market has attracted particular interest in recent years, following the collapse of the subprime market in the United States in 2007. The consequences of this collapse quickly spread to the rest of the world and had a significant impact on the global economy.

This study by Fundação Francisco Manuel dos Santos, coordinated by Paulo M. M. Rodrigues, aims to understand the dynamics of the real estate market in Portugal until 2020. To this end, it provides a detailed description of its different dimensions, such as:

• the importance of the housing market for macroeconomic dynamics in Portugal
• the exuberant behaviour of prices in the Portuguese real estate market
• the synchronisation of housing prices between Portugal and other countries and between Portuguese cities
• housing affordability in Portugal
• short-term rentals
• the developments in urban rents in Portugal and their different forms and systems since the beginning of the 20th century.

Through this study, FFMS seeks to contribute to providing about the different dimensions of the real estate market, not only to anticipate the potential impacts on the national economy, but also to facilitate the definition of housing policies appropriate to today's society.