During the first semester, the housing prices increased 14.6% yoy in this area, registering a growth in pace over last semester’s 10.3% yoy growth. This is the highest yoy growth in the last two and a half years.
Biannually the growth was 8%, also higher than the 4% and 6% registered in the last two semesters.
The housing prices in Porto’s Historical Centre have been increasing since the second semester of 2011, with yoy and biannual increases, in such a way, that in this 7 year period, the accrued valuation in the territory is at 146%. Between 2009 (base year for the Index) and the beginning of 2011, real estate prices in this area had been contracting, with maximum decreases of -5%.