Property for sale in Portugal

One of the secrets to selling a house on the internet is to promote the sale effectively and creating a good listing is crucial.

The archipelagos of Madeira and the Azores are prime destinations for visiting, living and investing, particularly in real estate.

The Portuguese real estate market is experiencing uncertain and at the same time challenging times, with calls from across the sector for more housing supply. Demand for real estate in Portugal continues to be high, namely from foreign investors.

Around 90% of buyers interested in property in the Algarve region of Portugal are there for second homes, attracted by the more than 300 days of sunshine a year and the tranquility of the region to enjoy holidays.

"Portugal's reputation as a safe country to invest in may be compromised, given the continuous legislative and fiscal instability that impacts the real estate market".

The European Commission has ruled that for a European Union (EU) Member State to restrict home buying to non-residents there must be "overriding reasons of general interest" recognised in the case law of the Court of Justice of the EU (CJEU).

Over the last decade, the conditions have been in place for international funds to bet all their chips on the Portuguese real estate market, so much so that in 2022 they led real estate transactions.

Thinking of moving to Portugal in 2023? But Is it better to buy or rent a house in Portugal? This is the question that many people ask when moving abroad, for example.

Without having managed to give an effective answer to the housing crisis, which for several reasons has been worsening in Portugal in recent years, Portuguese Prime Minister António Costa has now decided to present a new plan of attack, called "Mais Habitação", which literally means "more

After having threatened in November, and despite requests from the real estate sector to only make adjustments to the programme, António Costa will put an end to golden visas in Portugal.

Braga will invest 123 million euros in housing, three times the amount initially planned in 2021.

For foreigners, Portugal continues to be a destination of choice to buy or rent a house. The mild climate, quality of life, safety and leisure activities that the country appeals to those who are choosing the country as their new home.

Real estate industry experts anticipate 2023 to be a year of unpredictability, due to the impact of inflation, increasing interest rates, potential economic slowdown, or energy crisis.

2022 was marked by inflation which further pushed up house prices in Portugal. In addition, building a house became more expensive and access to mortgages more difficult, since interest rates have also jumped.

Buying a house in Portugal is getting more and more expensive.

Portugal's Left Bloc (Bloco de Esquerda, also known as BE) has presented a bill to prohibit the sale of property to citizens or companies with headquarters or permanent residence abroad, as a way to combat rising prices in the real estate market in Portugal.

The prices of houses for sale are rising at high speed in several countries in the world. And to curb this increase, some countries have prohibited non-resident foreigners from buying property, as is the case of Canada and New Zealand.

Despite the uncertain context, Portugal should remain on the radar when it comes to foreign real estate investment in 2023, namely in the sights of European and US investors.

Will house prices drop in Portugal? Will houses be cheaper in 2023? The residential real estate market in Portugal remained resilient throughout 2022, despite the challenges posed by the war in Ukraine.

Since March 2022, a month after Russia invaded Ukraine, the cost of building a new house in Portugal has been skyrocketing, in line with the rising inflation rate. Since then, the year-on-year rise has always been more than double digits.

How are things looking in the real estate market in Portugal for 2023? Despite the geopolitical and macroeconomic context, 2022 presented itself as a dynamic (and memorable) year for the real estate market in Portugal and beyond.

In recent times, buying a house in Portugal has become an increasingly complex challenge for many families.

Houses, villas or flats? What types of houses are most sought after in Portugal? And what are the differences between regions?

Energy efficiency is one of the main factors valued during the evaluation of a house as it significantly impacts energy consumption.

Over the last 10 years, the "significant increase" in the participation of non-resident buyers has marked the Portuguese residential market.