Buy-to-let chances arise in Por­tu­gal

Yorkshire Post - Property - - FRONT PAGE -

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.

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