Where can I find investment opportunities in Portuguese real estate?
Investment opportunities in Portuguese real estate abound, especially in sought-after regions like the Algarve and Lisbon. With house prices rising by 13.2% in the second quarter of 2022, this is an ideal time for buyers looking to capitalise on the vibrant market. Local properties offer everything from serene coastal villas to modern city apartments, catering to diverse buyer preferences. Not only does Portugal boast favourable tax conditions for foreign investors, but the consistent tourism influx enhances the potential for rental returns. The economic growth and improved infrastructure further contribute to the attractiveness of properties in the region. Investors can expect increased property values over time, ensuring a solid return on investment. Additionally, regions with historical significance and natural beauty are gaining traction, making them ideal for long-term investment. Assessing the local market trends can provide valuable insight into the best areas to invest. The real estate landscape in Portugal is continuously evolving, making vigilance essential. Seize the opportunity to explore exciting investment options today! Contact us to discuss the best properties currently available!
Prices rose 13.2% in the second quarter of this year, +3.3% on the aggregate average of all the other EU countries.
According to data from Eurostat published on Friday (today), house prices increased 9.9% in the EU space and 9.3% in the Euro Zone in like-for-like terms.
Compared with the previous quarter, the prices of homes rose 2.3% in both the EU and Euro Zone, but in Portugal they rose 3.1% on the first three months of the year.
But although Portugal is seeing the most significant increase in the speed at which homes are increasing in price compared to the rest of Europe in average terms, three countries suffered greater increases: Estonia (+27.4%), Czech Republic (+23.1%) and Hungary (+22.8%).
