![](https://i0.wp.com/portuguese-american-journal.com/wp-content/uploads/2011/03/795px-PortoCovoJan07-5-250x180.jpg)
Real estate prices continue to fall in Portugal – every month since December – reflecting the current political and economic crisis aggravated since the resignation of socialist Prime Minister José Socrates last week.
As a consequence of the economic downturn, the free-fall in property value is being amplified by higher unemployment and the political uncertainly for Portugal’s future .
Property prices fell in all regions of Portugal last year, with the exception of the island of Madeira, where average property prices increased by 1.2 per cent.