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Casas do Barlavento Sales Director’s Opinion on BrexitIt is quite clear to see that it is still vibrant in the Western Algarve with many people visiting, looking and buying. The question we need to ask ourselves is, how long is this going to last? Maybe 2 or 3 years? What we do know is that it is a perfect time for vendors, especially the UK owners, to take advantage of the conversion rate back to the pound. The serious lack of product for sale in the area is now clearly apparent, and the prices of many of the existing properties are being raised.

Two Bedroom Townhouse in a desirable, private complexCerro Novo is pleased to present this lovely two bedroomed townhouse in an elevated position within this well respected development around five minutes drive to Old Town Albufeira.
With a practical and well-proportioned layout, the townhouse features a large terrace with immediate access to the communal gardens and swimming pool, as well as two upstairs balconies from each of the bedrooms.

Is there a housing bubble in Portugal?In recent months the national real estate market has been analysed by the European Commission and the Bank of Portugal, as a result they are warning of the overvaluation of property prices.

The Residential Price Index (RPI) reached a record recovery only similar to 1992, of 16.4% in May 1. However, rising prices are not the only factor to confirm the existence of a real estate bubble. One indicator to be considered, as pointed out in the Bank of Portugal‘s Financial Stability Report, is the reopening of real estate credit by the banking institutions.