WHEREVER asks the experts…

Unnatural price influencers

“The market is currently under pressure and the price increase reminds me of the years around 1999-2002 , at that time due to the introduction of the euro in Portugal. At the moment the biggest factor driving the price up is the lack of product. A problem not exclusive to Portugal

In addition, here and especially in the Algarve we also have to deal with an abundance of real estate agents. This creates situations that could endanger the market. Actually it is becoming an unnatural price influencer. Investing in stones is in my opinion still the stable and safe way of investing. But buying the right property is especially important in a tense market. See here the importance of using a well experienced and seasoned and local real estate expert. Who uses the tools to give well-founded advice and does not include this unnatural price influencer in his calculation.

Marcella Spee Horta e Costa, Founder and MD, Abloom Real Estate

Golden Visas

“Since January, we have received over 1,500 buyer enquiries. A third are from British nationals wanting to invest in a Golden Visa-eligible property in order to spend as much time in Portugal as they wish without being subjected to the 90/180-day limit since Brexit. The recent surge in sales enquiries has led to 70% of our Viceroy Residences now being sold. We expect Portugal’s recent step to fast-track UK travellers at its airports to be yet another contributing factor that will boost demand from UK house hunters.”

João Richard Costa, Director of Sales & Marketing at Ombria Resort

Cascais is always a good idea

Cascais is recognised as one of the most beautiful places to live in Portugal. Situated in a coastal location with a quality of lifestyle next to none with so many things to see and do, great schools, close to Lisbon and if you buy in Cascais, you are guaranteed a great return on your investment… so why not??

Martina Lennon, Founder and owner, MAP

Primary residence boom

“This year, Quinta do Lago is celebrating 50 years of luxury living and high-end property. Interestingly, we are noticing that the housing market is stronger than ever with all of our virgin plot developments in San Lorenzo North now fully sold and 30% of One Green Way Residences, the most recent development in Quinta do Lago, sold since the launch of the project this April. The Quinta do Lago Real Estate sales are continuing to boom post-Covid, with our team noticing a real increase in families & couples looking to now purchase primary property in the resort as opposed to holiday homes. The appeal for outdoor living, privacy and green space is particularly strong with Quinta do Lago remaining a key destination for buyers to enjoy year-round in the privacy of their own space, with access to all amenities & facilities the resort offers.”

Sean Moriarty, CEO, Quinta do Lago