The number of licensed homes in Portugal in new builds increased by 5.4% by October, to 25,334 dwellings, compared to the same period last year, the sector association said this Wednesday.
According to AICCOPN, the Building and Public Works Association, “the number of licensed residential units in new buildings during this period is 5.4% annual growth to 25,334 rooms“.
In the case of municipal licensing for new construction or residential renovations, there was a “1.3% annual growth through October,” he adds.
In addition, regarding the consumption of cement in Portugal, the association notes that until October there was an increase of 1.6% this year to 3,235 thousand tons compared to the same period last year.
Until September, cement consumption in the country increased by 1.9% year-on-year to 2,922 thousand tons, and by August, the growth was 2.1% to 2,603 thousand tons.
With regard to the amount of new housing loans provided by financial institutions, year on year growth of 7.6%for a total amount of 13,473 million euros, the report said.
AICCOPN also notes that the median home appraisal for lending purposes rose by 13.5% in October due to growth of 14.2% in apartments and 13.1% in housesin homologous terms.
In terms of regions, AICCOPN highlights the Algarve, where the number of licensed new build dwellings in the twelve months ending October this year was 1,808, an increase of 5.2% from 1,719 licensed dwellings in the twelve months. months ago.
Of these, 18 are T0 or T1, 36 are T2, 34 are T3, and 12 are T4 or higher.
As for the value of home banking valuation, the region experienced an annual increase of 18.8% in October, the industry association points out.