Ribeiro, F L and Henriques, P G (2002) The housing property markets in Portugal: Analysis and future trends. Journal of Financial Management of Property and Construction, 7(2), pp. 97-106. ISSN 1366-4387
Abstract
The housing property in Portugal has reached an unprecedented growth during the last decade reaching the Construction Value Added in Housing (CVAH) an average annual growth rate of 6%. Although, the high level of growth in the house building industry the way how it is organised and operates do not match the pattern of growth achieved during last decade. Productivity in housing building has not shown signs of improvement and housing costs are still very high. To face the demands of the economy and European Monetary Integration new structural reforms are need in the housing property. This paper presents an analysis of the housing property markets in Portugal and their relation with the macro-economic data. It makes an analysis of the evolution of the housing property in terms of the supply and demand sides. It discusses the impact of the Economic and Monetary Union (MEU) on the housing property markets. Finally, it attempts to establish future trends for the housing property in Portugal.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Construction industry, economic and monetary union, housing, macro-economic data, Portugal |
| Index terms: | face, property market, housing, evolution, integration, productivity, Portugal, supply and demand, construction industry, building industry |
| Subjects: | management, industry analysis, organizational analysis, real estate economics, Geography, market analysis, construction type, environmental science, psychology |
| Topics: | Business Strategy, Research Practice, Construction Technology, Urban Studies, Organizational Design, Geographical Context, Sustainability |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here