“Slow but steady” is an accurate description for Portugal’s property market right now. While that may fail to excite high-risk investors keen to make a quick profit, it’s great news for those with a passion for Portugal, because property in the country continues to look like an increasingly solid investment.
Across Portugal, property prices are expected to rise by 2.5% this year. While there’s nothing remotely stratospheric about this figure, it does point to solid and reliable growth, making Portugal a far less risky investment than it once was. Sales have been increasing (albeit gradually) for three months in a row (up to March), and enquiries from new buyers are up in Porto and the Algarve.
There is a noticeable increase in property new to the market too, resulting in a healthy balance of supply and demand.
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Market information provided by http://www.portugalbuyingguide.com
