Portugal is now the most expensive place in the world to live, according to a new report.
The Economist Intelligence Unit (EIU) estimates the country has been on a “gold rush” for years and is now worth $2.8 trillion.
The report estimates Portugal’s real estate market is worth $9.6 trillion, which is $200 billion more than its neighbor Spain, which has a population of 3.5 million.
Portugal is home to a number of big property companies, including Mediaset, which recently signed a $5 billion deal with the country’s central bank to manage the countrys financial market.
In fact, the country is so large that the EIU said the average size of a single home is $6.5, making it one of the most desirable places in the developed world.
Portugal also has a booming property market thanks to its rich history, which includes being one of only two European countries to have the world’s longest uninterrupted uninterrupted history of free trade.
Its economic boom started with a gold rush in the late 19th century, which brought a flood of tourists from around the world.
Since then, the Portuguese have become a major exporter of natural resources, from copper and tin ore to rubber and palm oil.
The country has seen a boom in real estate speculation in recent years.
In 2016, the real house prices of the country increased by nearly 6,000 percent, which was twice the rate of inflation, the EUI said.
It is estimated that the average price of a new home in Portugal was $9,200 in 2016, according the EUA.
The real estate busts are not the only recent events to bring about a decline in the country s housing prices.
In 2018, the average house price dropped to $3.4 million, according a survey from RealtyTrac.
That same year, the number of new listings on the secondary market dropped by 15 percent, according RealtyTran.
The Real Estate Board of Greater Lisbon, which oversees Portugal’s housing market, told The Associated Press last year that it expects house prices to drop in 2021 to 2019, when it expects a “recovery.”
The countrys real estate downturn comes after years of falling unemployment and a surge in construction spending.
Portugal has one of Europes lowest jobless rates, and is one of just a handful of countries with no government subsidies for construction.
The construction industry, however, is not getting any cheaper.
Portugal now has more than 10,000 new construction jobs.
As construction continues to boom, prices are set to continue to fall.
The EIU has said that Portugal is “in the midst of a real estate bubble” and that there is “a high probability” the country will have an overall housing bubble of about $500 billion in the next decade.
It noted that Portugal has become “the most expensive country to buy real estate” in the past 10 years, and that it is expected to fall to $100 billion by 2025.
The new EIU report comes as the country seeks to revive its economic growth.
Last month, Prime Minister Pedro Passos Coelho said that the country had to “reassess its approach to growth,” and the government is planning to boost investments in infrastructure, education, healthcare, education and health care.
Portugal, which the World Bank estimates will grow to $5 trillion by 2025, has also recently been a focus of a major U.S. government stimulus package that included $2 billion in tax credits for construction projects.
The U.N. estimates that Portugal’s GDP will grow by just 0.5 percent this year.