Thursday, 29 June 2017
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Real Estate Overview in 2017The real estate market dynamics in Portugal is recovering and has already increased significantly on last year’s figures. According to the Portuguese Real Estate Professionals and Brokers Association (APEMIP) it is estimated that there will be a 30% increase in real estate sales by 2017.
At present, Portugal is in a unique position to offer political and social stability to foreign investors. Being an important factor is not the only one - the recovery of the real estate sector would not be possible without the reduction of interest rates on mortgages that are historically low - according to the National Statistics Institute (INE) the interest rate on housing loans are continuously decreasing for the past 13 months (the lowest value since 2009), which encourages the Portuguese buyer. In addition to these rates, spreads are also being successively cut, which implies not only a reduction of existing credit charges but also an improvement in the conditions for new operation (8 national banks have minimum spread margins below 2 %).

 Elegant house in Guia (CNV4697)With Portugal continuing it’s progress as one of Europe’s most dynamic recovering economies, the country is set to repay a further €1bn to the IMF this month, further improving confidence in the financial standing of the country and therefore enabling crucial investment in services and infrastructure.

This year has set all sorts of records for Portuguese Real Estate too, with high volumes of enquiries and one of our busiest sales periods since we opened in 1981. Buyers from across the world are anxious to take advantage of the security, lifestyle, tax efficiency and long-term investment opportunities across the country, and it’s not just high profile names (such as Madonna and Keifer Sutherland) who are wishing to sample the famous Portuguese welcome!

DucardBeachSmallWith summer approaching fast, many of us will be jetting off on summer holidays and falling in love with the destinations we visit. However, there is something about The Algarve which is truly captivating and brings its visitors back again year after year, and with its large selection of golf courses, eateries and stunning beaches it is easy to see why.

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Property of the Month from Ideal HomesLove the idea of waking to bright skies and, panoramic mountain and ocean views? What about picking your own fruit and late night dips in your private pool? Or maybe you prefer a quiet spot where you can cozy up with a good read while listening to the delicate bubble of a secluded koi pond to keep you company? If all of these get a, yes please! Then this is a home you need to see.

MadonnaWhen I bumped into Madonna at the Ritz last week, I thought she was looking particularly driven. Now I can tell you what must have been on the superstar’s mind, writes James Mayor.

For weeks, Madonna has been keeping Lisbon’s gossip circuit on tender hooks. Everywhere you went people have been asking the same question: “have you heard anything new?”

Beverywhere

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Given that 95% of property searches now start online, it is vitally important your property can be easily found and readily seen by the widest possible audience both locally and internationally.
We have developed a unique strategy for selling property which is very different to selling property through an estate agent. Our established and exclusive online presence enables your property to be seen by over 25 million buyers worldwide.

An Impeccable Apartment in one of Albufeira’s Premier Family ResortsClube Albufeira is a well regarded, secure, low density development with a variety of holiday apartments and residential villas. It’s in a perfect location, being walking distance to the favoured Old Town and close to restaurants, shops, public transport and beaches.