Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and ManagementA degree of speculation has always been present in the major asset markets
worldwide and the real estate market is not exempt of it. During this research, focused
exclusively on Lisbon’s housing market, we discovered that real estate evaluation has
never experienced higher values, and currently, it is difficult to provide support to justify
an increase of this magnitude, not only that, but there was never a time in which more
real estate transactions were conducted in such small-timeframes, this is also due to
the current cost of money as the rates provided by the Central European Bank have
been negative in these recent years, making the cost of money considerably low, thus
increasing purchasing power and, with this ease of access in getting a higher degree
of purchasing power, the means investors have to invest in asset markets are widely
increased, with this increase will come the opportunity of asset trading in much smaller
timeframes, which will serve as base to speculation growth around housing market
