International markets
Global housing: why real prices can fall while nominal prices rise
The BIS finding
BIS reports global real residential prices down 1.2% year on year in Q1 2026: down 0.2% in advanced economies and 2.0% in emerging economies. Real prices are adjusted for inflation.
An aggregate is not every market
Weighted global data do not describe every country or city. Do not directly equate inflation-adjusted global changes with nominal European growth or asking-price indicators.
Your investment calculation
Separate euro price growth, purchasing power after inflation and net income. Include acquisition costs, works and holding costs before assessing performance. The result depends on your horizon and tax circumstances.
Discuss the right scenarios
Contact us to frame relevant questions and scenarios for your Portuguese project, connecting market evidence to your use, budget and constraints.
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