Algarve property website Meravista has conducted an extensive analysis of Russian buying trends. They have produced a report which exposes the truth about what, where and why Russians are investing in European property and highlights what Portugal and other countries could be doing to increase their market share.
Over the last few years the last place to go for financial assistance would have been the bank, especially Portuguese banks! However the tide is turning, and things are getting easier.
For clients looking to purchase their home in the sun, cash has been king since the start of the recession in 2008 as banks were not in a position to lend to overseas clients, and in part this contributed to the fall in prices.
Sales volumes and confidence in Portugal’s real estate is still rising, and prices are still falling, says the latest RICS market index, although experts say they are nearing the bottom.
What home owners and would be home owners think about prices is important in any housing market and if you look at sentiment in the UK at the moment then it is clear that the real estate sector is looking healthy.
YouSpotProperty.com has been touting for leads to find abandoned properties in London.
Successful tips stand to be rewarded with shopping vouchers and a 1% cut of the final selling price.
Figures for this year’s first two months confirm an upward shift in the property market in Portugal, according to data from the Association of Professionals and Real Estate Companies of Portugal – APEMIP.
The overall demand for real estate has risen 30% over the same period for 2013.
Well we are now approaching the end of the first quarter of the year and spring has finally begun. Following such a buoyant 2013 we were unsure of how 2014 would compare.
I have to say that the momentum has continued into the first quarter with sales exceeding 2013’s first quarter by almost double!
Whether you're buying or selling a holiday home, moving abroad or simply making an international investment, fluctuating exchange rates can make a huge difference to the price you finally pay .
To help make your money go further when buying a property, currency specialists HiFX to give you access to:
- Budget Day certain to bring changes for the UK property market
- 8 Holiday Home or Rental Investment Properties
- Greek Golden Visa Investment Properties
- Central Portugal properties For Sale
- Expat currency exchange provider acquired by US major
- Luxury Algarve Villas at great prices
- Purchasing a property abroad
- Vilamoura FREE Car Park closed
