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Could this be good news for home buyers? The increase in property prices in Portugal has gradually been showing signs of slowing down. According to the latest residential Price Index from Confidencial Imobiliário, there has been a slight slowdown in the value increase of properties nationwide.
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The International Association of Golf Tour Operators (IAGTO) has chosen the Algarve as the “Best golf destination in the world for 2020”, a distinction that the Algarve Tourism President attributed to the quality of the 40 courses of the region.
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An increase in British tourists to the region and a rise in turnover helped to make September a positive month for tourism in the Algarve.
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As demand for properties in the Algarve soars (read more here), making it harder than ever to purchase a home in this sought-after area, it is crucial that buyers rely on the help of local real estate experts. This was the conclusion of the director of the Luxury Property Show, Jana Korpova-Harris, who shared her insights into the hottest places to buy overseas.
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The bank explains that the new growth forecast of 2% is due to the revision of data for 2017 and 2018 by INE.
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