House prices slowing down By TPN/Lusa, in Business, Economy · 23-07-2021 01:00:00 · 0 Comments During the first three months of the year, 18 of the 24 municipalities with more than 100,000 inhabitants saw house prices slowing down. Data from the National Institute of Statistics (INE), with reference to the country’s 24 municipalities with more than 100,000 inhabitants, show that, between January and March, Lisbon was the only municipality with a year-on-year reduction in the median price (-7.9 percent) and Oeiras the only municipality in the Lisbon Metropolitan Area with an increase in the median price of housing (+6.9 percentage points). The median price of family accommodation, in the 1st quarter, was 1,241 euros/square meter (m2), reflecting increases of 4.5 percent compared to the previous quarter, between October and December 2020, and 3.1 percent compared to the first quarter of 2020, with the INE recording an evolution of the rate from 7.8 percent to 3.1 percent between the 4th quarter of 2020 and the 1st quarter of this year, which it says “shows” a slowdown in house prices, interrupting the acceleration seen in the last quarter.