A difficult 2020 caused by the coronavirus pandemic across the world has meant that many people are longing for a significant lifestyle change, and the beginning of a new year is the perfect moment to start afresh.
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.
More than ever, comfortable houses are one of the most important aspects of life and, after months of lockdown at home, smart houses with home automation systems are the dream of those who want to have life made easier in a technological way.
Just as the demand for buying and renting property, housing credit and mortgages have become an increasingly digital process in Portugal and one of the effects of the COVID-19 pandemic has been to accelerate this transition.
One of the big questions that arises when buying a property in Portugal, and indeed across the world, is what kind of housing credit is best? Is it better to have a variable rate loan or a fixed rate loan?
The process of buying or selling real estate at a distance in Portugal is getting closer to becoming a reality, due to the COVID-19 outbreak which is causing significant changes in how people are buying property.