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Despite forecasts predicting otherwise (see here), house prices in Portugal seem to have risen significantly since the COVID-19 pandemic took hold. One of the reasons is the influx of British expats from southern Spain.
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The property market – and the world, for that matter – is facing a very different reality today. Despite alarm bells, these are the 10 habits that will change in the real estate sector in Portugal, according to the ComprarCasa network, as quoted in the newspaper Dinheiro Vivo.
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The COVID-19 pandemic has put many things in perspective. For Forbes writer, Kathleen Peddicord, it has been about diversifying lifestyle and investment portfolios. Her first choice for repositioning overseas? Portugal’s Algarve Coast.
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According to industry experts, there is little doubt that house prices in Portugal will drop as a result of the COVID-19 pandemic. This comes after the property market reached record peaks in 2019, with expectations set equally high for 2020 (see here).
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The COVID-19 pandemic has had strong repercussions across sectors and industries at a global scale. But despite the chaos, this could be a good time to search for a property and prepare the purchasing process, all from your own home.
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