The average price of properties for sale in Portugal fell by just 0.8% between April and May 2020.
The average price of properties listed by real estate portal Imovirtual was €359.497 in May.
Estate agents are reporting a surge in online searches for overseas properties as locked-down Britons rethink where they want to live, or indulge their fantasies of owning a bolthole in the sun.
Portugal saw an increase in asking prices between February and March 2020, despite the intensity of the global pandemic, analysis from real estate portal Imovirtual has found.
In the northern city of Porto, a recent burst of development and renovation has been derailed by the global pandemic.
Portugal has been a fabulously profitable market for a few prescient real estate investors from the UAE since 2015, with close friends telling me that prices of their apartments in upscale districts of Lisbon and Porto are up an incredible 50% during a period when home prices in Dubai have fallen by 35%.
Property prices in key cities across the world increased by 3.5% on average in the second quarter of 2019, led by annual growth of 25% in Xi’an in Chine, the latest international index shows.
The residential housing market in Portugal is still struggling for momentum as key activity indicators covering demand, sales and instructions all remain in negative territory, according to the latest analysis.
Portugal’s tax breaks, security attracting rich Brazilians. Locals complain about being priced out of real estate market.
The residential property market in Portugal had started the year with a positive outlook after weakening at the end of 2018, the latest housing market survey shows.
An imbalance between demand and supply is continuing to drive strong price growth in Portugal’s residential property market, the latest housing market survey suggests.
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