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Articles
Housing = Safe Value
15th January 2025In 2024, the housing market has taken center stage in the economic sphere, both in terms of buying and renting. This year has witnessed a steady increase in prices, driven by high demand and limited supply. For those looking to invest, this scenario presents a unique opportunity.
According to the latest data from the INE, the price of free housing has experienced a continuous increase throughout the year. In the first quarter of 2024, the price rose by 6.3% compared to the same period the previous year. This upward trend continued, reaching 8.1% in the third quarter, showing the strength and appeal of the current real estate market.
Second-hand homes saw a 7.9% increase in the third quarter, making them an interesting option for those looking for a property with history and character. On the other hand, new construction recorded a rise of 9.8% in the same period, reflecting the growing demand for modern and energy-efficient properties.
In 2024, the real estate market has proven to be a fertile ground for opportunities. If you are thinking of buying a home, there is no better time to act.