But if you are going to move to the country, it shouldn’t be a problem for you as you can sell your asset at a higher price even in a year.But be sure to select the right location of your property, extend your search.Alfredo Valente confirms, "We see now a real interest in more rural areas, up to one hour from main airports, where you can buy more area with a lower investment. Latest property news and information in the Algarve. The capital Lisbon reported that in February 2020 the average asking price was €563,469, but during March this increased by a total of €9,552.Similarly, Porto witnessed a notable increase with average asking prices at €308,013 in February compared to €318,027 in March; a striking increase of €10,014.Districts such as Setubal, Faro and Braga also experienced an increase in asking prices between February and March 2020, confirming the pattern in Portugal for robust growth despite the severe challenges posed by the pandemic.In the rental market, Imovirtual reports a moderate increase in prices per month since February 2020. Faro and Braganca, meanwhile, reported the largest percentage reduction when it comes to average rent, with a decrease of 26% (€838) and 22% (€393) respectively.Lockdown measures and financial uncertainty have completely transformed public spending habits and behaviour since governments across the world acted to combat the rapidly rising number of coronavirus cases.Due to the persistent spread of the virus, the potential of a global housing crisis has been a topic of conversation amongst numerous nations. Please enter the details you would like to be contacted on regarding your enquiry and then submit your enquiry.By submitting your enquiry you agree to the contact details entered in this form being used to contact you regarding your enquiry and that you have read and accepted our The reasons for that are lack in supply and new developments in Lisbon and of course property price (EUR 577K in Lisbon vs EUR 308K in Porto), that makes investors decide for the cheapest one. Portugal Real estate market review 2019 and outlook 2020Before buying a property in a different country, it’s always a hard task to get an overview of the real estate market and understand if there is a high risk and what are the trends. Thus, the tourist traffic is increasing as well as accommodation revenue, it’s to remember that international tourists are ready to pay more and select more expensive accommodation.Investors are looking for greater yields, and they can be achieved with commercial objects like offices, hotels or accommodations of different kind. According to SBRE report, in Portugal, the student housing sector is currently generating the greatest interest and is expected to continue this trend in 2020, namely in new build developments. Rising unemployment is toxic for the property market and low interest rates may not be enough Sun 24 May 2020 06.37 EDT Last modified on Wed 12 Aug 2020 10.10 EDT Share on Facebook (CBRE factors)Interest rate and monthly loans in October 2019 decreased to 1.038% and 274 euros accordingly. After all, people now, more than ever, want to enjoy their money, and keep property and residency options open in more than one country.” To further attract buyers, Leptos Estates is offering several purchaser incentives for those buying up until the end of June (30/6/2020). We've got you covered in the guide.According to Confidencial Imobiliário, mainland property prices rose by almost 15% during 2019 (until September), which actually is less than in record year of 2018. The Portugal Property Market . An independently owned and operated franchisee of BHH Affiliates, LLC. Latest articles about Property market statistics. © 2020 BHH Affiliates, LLC. Call us free on 0800 014 8201 if you are in the UK Call our offices in Portugal on +351 308 800 878 International calls: +351 308 800 878 The national economy is expected to continue to grow at a level of at least 1% per annum, further shoring up housing prices.
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