MARKET REPORT Portugal


What is your average commission paid to introducers?


OFFICIAL PRICES


The following chart is compiled from fi gures supplied by the European Central Bank (ECB). The index claims to encapsulate: “Portugal; residential property prices, new and existing dwellings;


residential property in good and poor condition; whole country; neither seasonally nor working day adjusted; other.”


It also says that the “compilation is quality adjusted with both hedonic regressions and constant weights


for broad geographical classes crossed with ‘new versus existing houses’ components. Both weights and average/median house attributes are reviewed annually.” Publ. Lag. National title: index confi dencial imobiliario. Bis code: bism.M.Vsja.Pt.00. We have asked – without success – for clarifi cation of these fi gures. To us at OPP, they simply don’t make sense.


The number of respondents prepared to answer this question was too small to allow valid analysis.


Sums paid varied from 1% to 7% of the price or, in some cases, half of the commission actually received by the agent.


110


82.5


Does anyone believe that prices in Portugal have risen slowly and steadily over the last few years before tailing off in 2010? Thought not. Não poderia organizar uma mijada em uma cervejaria*


55 22.5


OPP’s local sources in both the Algarve and Lisbon/ Cascais tell us that prices and volumes have fallen sharply since 2007.


*Google tells me this means “They couldn’t organise a piss-up in a brewery”.


38


2010 2007 2004 2001 1998 1995 1992 1989


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