What factors affect the selling price of a home in Portugal? There are many elements that will have an influence on the price a property is eventually sold for, including the condition and decor of the property.
The median price of houses in Portugal rose again at the end of 2020 to 1,168 euros per m2, a figure that represents a reduction compared to the previous quarter (-1.6%) but an increase compared to the same period in 2019 (+7.6%).
The price of property in Portugal, both for buying or renting a house has skyrocketed over the last ten years, rising by over 40% and 20% for buying and renting respectively between 2010 and the third quarter of 2020, a period already marked by the emergence of the COVID-19 pandemic.
If you're planning on selling property in Portugal, then it's important to have an idea of how long it takes to sell the house and find an interested buyer.
The economic crisis that has been unleashed by the COVID-19 pandemic will have a lasting effect on the real estate market, with a general fall in house prices expected to be seen across Europe as early as 2021, Portugal included.
In spite of the coronavirus pandemic that has seen house prices drop in many countries, the cost per square metre of housing in Portugal continues to rise, although the pandemic is putting a brake on the pace of growth.
Demand for homes in the Amendoeira Golf Resort, located in Alcantarilha near Silves in Southern Portugal's Algarve region, increased in 2020, a year marked by the arrival of the COVID-19 pandemic, while sales have already exceeded last year's total sales by 80%.
From large manor houses in the north of the country to palaces overlooking the river Tagus: there are many exclusive properties for sale throughout Portugal, perfect for living like royalty, or a celebrity in the modern age, and even just for a look around if a few million euros is outside your budg
Buying property abroad can be a daunting experience. However, here at idealista, we are here to help you every step of the way when buying property in Portugal.
The climate and beauty of the (long) Portuguese coast which is distinguished by its extensive sands and diverse landscape, together with other reasons, continue to attract foreigners to the country, either to buy or rent property in Portugal.
Moving abroad and buying property in Portugal can be a daunting experience, especially if you don't speak the language, or if you don't have the right advice or guidance.
Despite the current situation, buying houses and investing in property in Portugal that you can use as a holiday home and also rent out to tourists when you're not using it can be a great option.
Buying a property to rent in Portugal is a good finan
In recent years, banks in Portugal have been engaged in a real trade war, promising even lower spreads to attract new home loan customers or even persuade customers to move their mortgage, stealing them from the competition.
The Alentejo Coast in Portugal is a peaceful location that, for the moment, continues to resist the mass tourism usually found further south in Portugal's Algarve region.
The Portuguese and international buyers have their eye on the luxury real estate market in Portugal and are continuing to invest in luxury properties in the country. From estates, palaces or mansions overlooking the sea, to modern villas with infinity pools, there is something for all luxu
Buying property in Portugal is becoming more and more expensive. In the first quarter of 2020, the median price of housing was 1,117 euros per square metre, 3.3% more than in the previous quarter and 10.5% more than in the same period last year.
Whether you’re looking for a rural property in the countryside, a villa close to the beach or a chic city apartment, there are properties in Portugal for every budget.
We cannot deny that life has changed in Portugal and throughout the world, and that many things are still to change as a result of the coronavirus pandemic. Life after COVID-19 is starting to take shape with some changes already evident.
The Parque das Nações (Park of the Nations), colloquially known as Expo (as the site of the 1998 Lisbon World Exposition), is a civil parish and district of Lisbon and is one of the city's most up and coming residential areas.
The global coronavirus pandemic is affecting everyone and everything in one way or another. The authorities anticipate a year of global economic recession, which contrasts with the time before the outbreak of this global health crisis.
House prices in Portugal rose 1.6% in the first quarter of 2020 compared to the previous quarter, standing at 2,060 euros per m2. In annual terms, i.e. compared to the first three months of last year, the increase was 11.4%.
Along with the rest of Europe and many countries worldwide, Portugal is currently experiencing exceptional circumstances during the period of confinement due to the coronavirus outbreak in the country.
The health and economic crisis caused by the coronavirus in Portugal and beyond has been paralysing house buying and selling globally. However, this period of confinement may be a good time to look for a new home and start preparing the buying process, all of which can done remotely.