The recovery of housing prices is continuing, according to a new study by RICS / Ci, but the pace is slowing. The Portuguese Housing Market Survey (PHMS) from February 2016 writes that the rental market is demonstrating adequate demand from tenants, but the level of supply has fallen, leading to an increase in the price of rents. Residential sales have moved into positive territory, after a slight contraction in December 2015, with the PHMS predicting that prices will rise roughly 2 percent over the next 12 months, with higher growth to be seen in Lisbon (2.6 percent) and Algarve (2.2 percent). Porto prices are expected to increase just 1.5 percent.
