After more than three years of house prices decreasing due to the state of the economy, Portugal’s property market is now improving and prices are beginning to escalate.
According to Statistics Portugal (INE) property prices have increased in the first quarter of 2014 by 1.6% for the country overall and 11% for the Algarve and this trend is set to continue over the next 5 years.
The Organisation for Economic Co-operation and Development (OECD) have also confirmed this fact as highlighted in a recent article in the British newspaper, The Telegraph. The OECD is an organisation that provides a forum in which governments can work together to share experiences and seek solutions to common problems. In their latest study, they highlighted that property markets in Australia and France are overpriced yet Portugal’s properties are undervalued.
Anyone looking to buy property in Portugal should act sooner rather than later to take advantage of the improving state of the property market.
Below we have featured our property increase of the week as well as recently added properties. If you have any queries on these properties or others, please contact one of our Property Advisors such as Celia Bras or Ana Fortuna. Alternatively you can visit our website to find out more!
This week's new listings...
|
|||||||||||||||||||||||||||||
