Buying and selling houses: Number of properties transacted decreased (a lot) in 2023.

Value of properties bought/sold in 2023 was the lowest since 2017.

The number of real estate transactions in 2023 dropped significantly by 18.7%, representing the lowest value since 2017: 136,499.  

The data is from the National Institute of Statistics, released by Notícias ao Minuto, and show significantly fewer transactions in buying and selling houses in the past year.

The statistics in question, related to construction and housing, for 2023, amounted to 28 billion euros in transactioned homes. This represents a reduction of 11.9% compared to 2022.

Furthermore, during this period, approximately 106,300 bank appraisals were carried out by experts working for banking institutions related to mortgage loan approval. This represents a decrease of 11.3% compared to the previous year.  

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