House prices will continue to rise in 2025.

Housing prices expected to rise in 2025.

In 2025, Caixa Geral de Depósitos (CGD) predicts a rise in housing prices, driven by demand continuing to outpace supply, according to CEO Paulo Macedo.

During the "Outside the Box Meeting" conference in Faro, as read on Notícias ao Minuto, the CEO highlighted the need for more capacity in building affordable housing.

"We see the economy growing, but not as much as we would like, at a rate of 3%, a target of economists," explained the banker, warning that these short-term prospects have "some risk".

The increase in prices also reflects a macroeconomic context that CGD predicts for 2025, with the PRR boosting the economy and low interest rates favoring consumption and credit. The disposable income of families is expected to increase with the reduction of taxes, inflation, and a real rise in the incomes of workers and pensioners.

About the banking sector, Paulo Macedo anticipates a year of high profits in 2024, but with reduced margins in 2025, which may impact financial results. The official also highlights Caixa's commitment to sustainable investments, including sectors such as maritime, which offer economic, social, and environmental benefits.

"The banking sector will have a good year, but with falling margins, banking results will decline in 2025," clarifies the CEO of CGD.

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