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Portugal Home Prices Rise Faster Than Ever on Lack of Supply

Lisbon, Portugal.

Lisbon, Portugal.

Photographer: Mario Proenca/Bloomberg

Portugal posted a record increase in home prices due to strong demand and a housing shortage in the southern European nation. 

Home prices rose 13% from a year earlier in the first quarter, according to the country’s statistics institute. That’s the biggest increase since the institute started collecting data on the housing market in 2010.