Property prices in Portugal have risen by 14.2 percent in just one year, making it the biggest increase in the past 26 years in the country.
The latest figures on the Residential Price Index as published by Confidencial Imobiliário, have shown that the increase in house prices recorded over the first quarter of 2018, were the highest since 1992 and demonstrate a return to form for the property market.
According to the report the price of property in Portugal has risen for 11 consecutive quarters and it is the town and city areas of the country that have seen the greatest rises. Property prices are now surpassing those seen before the global economic crisis in 2007.
While the boost for the sector has been largely welcomed, there are some people who are becoming concerned with how fast prices are rising and are urging for caution to avoid over valuations.
According to The Portugal News: “The Bank of Portugal said in one of its latest reports that “some signs of over-valuation of real estate prices have started to emerge”.
“Fears that rising prices could provoke another real estate bubble has seen the central bank issue a recommendation that as from 1 July, banks should exercise greater caution in issuing mortgages and personal loans.
“According to the Bank of Portugal, overall foreign investment in real estate in the country in 2017 represented 80 percent of all transactions, with fears rising that domestic homeowners are being priced out of the housing market. Rental prices have also shot up to new highs.”
The property market in Portugal has seen considerable growth, however thanks to policies to prevent over saturation of the market it remains a steady choice, especially when in comparison to other European countries such as Iberian neighbours Spain who were badly affected by the crisis thanks to overbuilding.
Phone: +351 213 471 603
A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.
Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!
Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.
Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investidor dos EUA
Very helpful. Work with his heart. Mark is a very nice advisor.Investidor de Marrocos
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investidor dos EUA
A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.Investidor dos EAU
George Hobson é um jovem agradável, conhecido como conhecedor, experiente, trabalhador, honesto e disciplinado; Senti-me muito confortável em fazer facilmente o meu investimento.Cliente dos Emirados Árabes Unidos
A Luísa é uma pessoa muito compreensível, e sabia exactamente o que procurávamos; até nos mostrou e deu-nos mais opções de escolha. Aconselhamento, hospitalidade e serviço muito profissionais.Roshana (Zulfiqar) Mian | Hong Kong