Portugal is in 18th place among the countries analyzed, where the average house price increased by 5.3% in 2023, registering a slight decrease in the last quarter.
In Turkey there was an increase of more than 75% compared to 2022, topping the list of countries where the average house price had the biggest increase last year.
According to Knight Frank, a real estate consultancy specializing in the luxury segment, among the 56 countries analyzed, Portugal occupies 18th place, recording an increase of more than 5% in the average house price in the last year.
In Europe, the biggest increases in house prices were seen in Poland (+13%), Greece (+11.8%), Croatia (+10.9%) and Bulgaria (+10.1%).
Here are the ten countries where the average house price increased the most in 2023:
- Türkiye (+75.5%)
- Poland (+13%)
- Colombia (+12.4%)
- Greece (+11.8%)
- Croatia (+10.9%)
- Bulgaria (+10.1%)
- Mexico (+10%)
- Taiwan (+8%)
- India (+7.7%)
- Malta (+7.5%)
Side by side with Spain, Portugal it is in 18th place among the 56 countries analyzed. In 2023, the average house price increased by 5.3%. However, in the last quarter of the year, there was a slight drop in prices (-0.3%).
At the opposite extreme, Chile experienced a 34.2% annual decrease in house prices. Meanwhile, on the European continent, Luxembourg was the only country to see a double-digit price drop (-13.6%).
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