In an analysis of the strongest international real estate markets going into 2020, Portugal has been named one of the hottest places in which to invest in the coming year.

Having hit the market bottom following the 2008 recession, “when you could find good properties on the books of banks and financial institutions for a low price”, Portugal has been on an upswing since 2015, says real estate news website Realty Biz News.

Naming the country one of the four strongest real estate markets for investors in 2020, the property experts compare hot spots like Lisbon to cities like Barcelona and Rome, with property prices soaring thanks to rapid gentrification.

However, there are still pockets of properties for good deals in the Portuguese capital, although the best investments in Portugal and across the Algarve will be renovation projects, writes contributor Ben Shepardson.

Real estate as an investment

According to the author, international real estate in the right market is a standout investment option, “both for its value as a source of cash flow and as a hard asset”. For that reason, it is quoted as being the perfect choice for investors who want to build long-term wealth and not just short-term gains.

In Portugal, “properties ready for rental in the right area can command a decent yield”, says Shepardson, who narrowed down the best investment options to just a few markets. Picking something for every real estate investor, the article also lists Brazil, Turkey and Belize as destinations for investors to consider in the coming year.

These insights follow the latest rental figures, which show that the Algarve’s local accommodation market (Alojamento Local) generated a turnover of over €980 million, with property owners registering almost 100% satisfaction on their return of investment (read more here).

For expert advice on the real estate market in the Algarve, contact the team at Algarve Home Sales here. You can also peruse all the available properties across the region in our portfolio here.