When analysing the appreciation of the real estate market in various urban centres around the world, eXp Realty Portugal concluded that Porto and Lisbon are among the 15 global cities where properties increased in value the most in the last year. In Porto, the average price of a house rose 8.6%, while in Lisbon it increased 4.7%.

After analysing the annual growth in property values ​​in 30 global cities, the numbers show that “Porto is among the 10 cities with the best performance in the real estate sector”, concludes eXp Realty in a statement. In the last year alone, the average value of a house in Porto increased by 8.6%, placing it in 8th place in this ranking, which included data from idealista for Portugal, Spain and Italy.

Lisbon also occupies a prominent position on the list (11th place), having seen the average value of a house increase 4.7% in the last 12 months ending in October. “Of course, in Lisbon, being the capital, investors will pay the highest prices per square meter, but the charming city of Porto, with its vibrant lifestyle, is attracting more and more expats every day, which has made with the city achieve a higher rate of growth in house prices in the last year”, comments João Miguel Louro, director of eXp Portugal, cited in the document.

“Portugal has been an incredibly popular destination and there is a high demand for property from national and international buyers, especially in our main cities,” adds João Miguel Louro. And, as Porto and Lisbon are occupying “very strong positions in the current market”, other parts of the country could gain prominence in the global market, he also says.

According to the same analysis, Krakow was the city that recorded the highest housing appreciation last year (+24.7%), followed by Dubai (19.4%), Madrid (18.9%) and Warsaw (14.2% ). The top 10 is completed by Thessaloniki (+11%), Barcelona (+10.8%), Abu Dhabi (+10%), Athens (+7.5%) and Montreal (+6%).

The performance of the real estate market was more moderate in Los Angeles (+1.9%), Sydney (+1.6%), Milan (+1.6%), Delhi (+1.5%), Rome (+ 1.5%), Jerusalem (+1.2%) and Hamburg (+0.3%).

Seven of the world's main real estate centers analyzed by eXp Realty recorded a drop in property values ​​last year. This was the case of Berlin (-6.2%) and Paris (-5.5%), for example.