Property prices in Portugal, with its attractive mortgage deals, are creeping back up, according to a leading industry survey. Could now be the time to buy?
Once again, figures from Portugal’s property market paint a positive picture for home owners and investors alike. It seems like an awfully long time since there was any bad news about Portugal’s property market. This feeling is confirmed by figures from the Royal Institution of Chartered Surveyors (RICS) that show that house prices in the country have now been rising for 19 consecutive months.
The latest news on property in Portugal provides much to be cheerful about, with a selection of stories demonstrating how the market is going from strength to strength.
Brits in Portugal worried about the ‘Brexit’ vote for the UK to leave the EU now have some reassurance of their status – direct from the Portuguese Prime Minister. After a long and tense wait, we now all know that the citizens of Britain have voted to leave the EU by a narrow margin.
Could Bacia do Arade soon be as famous as the Costa del Sol or Cote D’Azur? Four ambitious local mayors in the western Algarve are hoping that rebranding and promotion can make more of us buy property there. The mayors of four towns in the western Algarve have joined forces to improve tourism, property sales and the entrepreneurial environment. The municipalities of Portimao, Monchique, Lagoa and Silves will be united under the brand name Bacia do Arade, after the Rio Arade that flows into the Atlantic at Portimao.
