Century 21 Portugal saw its year-end profits rise 31 percent to €20m in 2015, up from €14.55m the zear before. The company completed over 7,250 real estate sales transactions, which was 32 percent higher than the year before. However, the company’s rental business fell 4 percent, with just 4,233 deals completed.
The average values of real estate sales transaction fell 7 percent to €130,000. Nevertheless, Century 21 carried 1,819 real estate transactions for international clients, up 18 percent, with the greatest number of non-Spanish clients coming from France, UK, Switzerland, Brazil and the USA. According to Ricardo Sousa, Director of Century 21 Portugal, “the residential real estate market is still in a period of stabilization and consolidation.” “In 2016 we expect that the number of sales transactions will continue to increase.” He predicted that foreign demand for Portuguese real estate would also grow.
