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The pandemic has turned the world on its head, but, quite unexpectedly, the Portuguese property market has remained resilient. But with forecasts of price drops in 2021, many have been asking the question: ‘To sell or not sell?’
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The municipality of Lagoa, which includes the parishes of Carvoeiro, Ferragudo, Porches, Estombar and Parchal, has been named one of the safest destinations to visit in Europe in 2021 by European Best Destinations.
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Last year, the Portuguese government made the decision to revise the Golden Visa programme, which will greatly affect those looking to invest in property in key areas. But, with Brexit also taking effect, is there an alternative?
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Everything changed in 2020, but generally speaking, the real estate market remained much as it did before: houses were bought, sold, and rented. The Portuguese property market remained resilient. The question is, given the challenges of 2020, what opportunities will the new year bring?
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With the revised Golden Visa programme to come into effect next July, property developers and investors believe that it will cause “reputational damage to Portugal”.
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