Buy-to-let chances arise in Portugal
PORTUGESE property sales and prices remain weak, creating a buyers’ market.
The latest report from the Royal Institution of Chartered Surveyors and Confidencial Imobiliário reveals that property prices fell nationwide in February on the back of fewer sales, as the Portuguese property market continued to struggle due largely to falling demand in light of the country’s weak economy.
But demand for rental accommodation is rising, pushing rents across much of the country higher, as more would-be purchasers are forced to rent instead, due to a lack of mortgage liquidity.
This creates opportunities for buy-to-let investors.