This is what the most recent data from the National Statistics Institute (INE) shows: in the summer of 2024, a total of 40,909 houses were sold, 19.4% more than a year ago. And this dynamic gave even more fuel to the rise in house prices, registering an annual increase of 9.8%, the highest in two years.

“Between July and September 2024, 40,909 houses were negotiated, which represents an increase of 19.4% compared to the same period of the previous year (variation of 10.4% in the 2nd quarter of 2024)”, reveals the IMT in the statistical bulletin published this Monday (December 23rd). This greater sale of houses in Portugal also translated into the movement of more capital in the third quarter: a total of 9.1 billion euros, which represents an increase of 28% compared to the same period in 2023.

The vast majority of these houses (86.7% of the total) were purchased by families, this being “the highest percentage” since the summer of 2022. And it was precisely buyers residing in Portugal who were mainly responsible for this increase in the number of houses sold in the country (93.5% of the total).