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Against all predictions regarding the real estate market in 2022, house prices in Portugal actually accelerated in the first month of the year. But is this the “January effect” or a sign of things to come?
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Thinking of buying a home in the Algarve? The region is home to some of the country's most expensive properties, but there are still opportunities to be found, especially inland.
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Properties in the Algarve once again top the list of the highest average bank valuations in the country. In December, the average valuation of a home for credit purposes was €1,731 per sqm.
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€30 billion in the residential market: 2021 was the “best year ever” for Portuguese real estate, says the consultancy firm JLL, and international buyers had a hand in it.
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Anyone with their finger on the property pulse will have noticed that prices kept rising throughout 2021 (read more here), but the variations weren't equal across the board, with 2-bedroom properties seeing the most significant rise.
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