Housing will increase 2 percent in Porto, 2.7 percent in Algarve and up to 3 percent in Lisbon over the next 12 months, if the most recent predictions by the conducted by the Royal Institution of Chartered Surveyors (RICS). “This expected rise in prices results from the good time of the purchase and sale of homes market, with sales increase in March for the third consecutive month,” writes RICS, which said that support from the state budget was helping to spur the residential market forward. The study also found that lending for housing had become easier to secure and claimed that the provision of so-called Golden Visas for foreigners who bought real estate in the country would help drive up prices.
