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Compared to the previous month, house prices in Portugal increased by 2.5%, according to the Residential Price Index for the month of May.
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When it comes to sunny European destinations, Portugal is a better alternative to Spain due to new visa requirements and the cost of living, say Brexit experts.
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Demand for property in the Algarve has surged in recent weeks. For British buyers, Carvoeiro, Albufeira and Vilamoura are the top destinations to buy a home.
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Despite the higher costs involved when investing in more sustainable real estate, this type of property will tend to perform better in terms of commercial attractiveness, running costs, rents and occupancy rates, says a new study.
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While house prices in Portugal rose by just under 1% in April, it still represents one of the most significant monthly variations since March 2020.
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