In the 2nd quarter of 2020, the House Price Index (HPI) presented a year-on-year increase of 7.8%, 2.5 percentage points (pp) less than the previous quarter. In the reference quarter, the prices of existing dwellings increased 8.2%, above that observed for new dwellings (6.0%).
When compared to the previous quarter, the HPI increased 0.8% (4.9% in the 1st quarter of 2020). In this period, the new dwellings price growth exceeded that of existing dwellings, 1.2% and 0.7% respectively.
Between April and June 2020, 33,398 dwellings were traded for a total amount of 5.1 billion euros, which represents a year on year reduction of 21.6% and 15.2%, respectively. By months, April was the one that registered the strongest decrease in transactions, 35.2% in number and 25.0% in value. In May and June, the rates of change were less negative, which stood at -22.0% and -7.6%, respectively, for the number of house sales, and -14.2% and -7.0%, by the same order, in value.
Despite the circumstances determined by the pandemic COVID-19, Statistics Portugal calls for the best collaboration by companies, families and public entities in responding to Statistics Portugal’s data requests. The quality of official statistics, particularly its ability to identify the impacts of the pandemic COVID-19, crucially depends on this collaboration, which Statistics Portugal thanks in advance.