News
Choosing the Right Real Estate Developer: 10 Fundamental Considerations
Find out the 10 fundamental considerations on the process of selecting the ideal real estate developer. This piece delves into the intricate art of making the right choice when it comes to partnering with a real estate developer. This offers valuable insights for both aspiring property investors and seasoned industry professionals, shedding light on the key factors that play a pivotal role in this significant decision-making process.
Real estate funds with above average returns
Between June 2022 and 2023, open-end real estate funds reached an average return of 4.31%, achieving a return above the average of the last three years, set at 4.04%. Among the open accumulation funds, the average return is 4.46%, and in June the one with the highest return generated for its subscribers was Imonegócios, accounting for a performance of 9.58% since the beginning of the year.
House prices to rise 8% per year in Portugal
The price of houses in Portugal is expected to increase at a rate of more than 8% per year over the next 10 years, according to a study carried out by the IFO Institute at the University of Munich, in Germany, which highlighted the forecasts of over a thousand economists on the future of the housing market worldwide.
Over a Quarter of Homes in Portugal Sell Within a Week
According to a study by Idealista, approximately 27% of homes in Portugal are being sold within a week or less. This data highlights the fast-paced nature of the country's real estate market, where properties are in high demand. The article emphasizes that this trend is observed across various regions, including Lisbon and Porto. Factors contributing to this quick turnaround time include a limited housing supply and attractive investment conditions.
Exploring Variation in Property Prices Across Portugal
Delve into the comprehensive analysis that unveils the diverse landscape of property prices in different portuguese regions. Gain valuable insights into the factors influencing price variations and explore the implications for buyers, sellers, and investors. Whether you're interested in coastal gems, bustling city centers, or tranquil rural escapes, this article provides a detailed overview of the dynamic real estate market in Portugal.
Portuguese Real Estate Market: Mid-Year Insights and Trends
Discover the latest insights and trends in the Portuguese real estate market with our featured article, "Mid-Year Real Estate Market Update." Get a comprehensive overview of the market's strong growth and increasing demand from both domestic and international buyers. Dive into the data that reveals the steady rise in property prices, particularly in sought-after areas like Lisbon and Porto.
Portugal's Rental Market prices up 9.4%
As demand continues to outweigh existing supply, the cost of rent has risen again. Provisional data from the INE revealed that in the first quarter of 2023, “the median rent of the 24 300 new lease contracts in Portugal reached €6.74 per square meter (€/m2).” This value represents a year-on-year increase of 9.4% in rental costs. Porto Metropolitan Area: median rent reaches 7.29 €/m2, representing an increase of 10.3% compared to the same period last year.
Portugal amongst top 10 European countries for remote workers
Portugal has emerged as one of the top 10 European countries for remote workers, according to a recent study. The country's favorable work-life balance, affordable cost of living, and excellent digital infrastructure have positioned it as an attractive destination for professionals seeking remote work opportunities. With stunning landscapes, vibrant cities, and a welcoming culture, Portugal offers an enticing environment for remote workers to enjoy both their professional and personal lives.
Tourism revenue up 50%
The tourism revenue in Portugal has surged by an impressive 50%. This significant increase highlights the growing attractiveness of the country as a preferred tourist destination, attracting visitors from diverse regions. The tourist accommodation sector registered 2.7 million guests in April, 16.5% more than in the same month of 2022, and 6.8 million overnight stays, an increase of 13.8 %.
