In 2013, the Portuguese economy showed steady growth, and there was a significant rebound in Portuguese housing prices. Entering 2014, the economic growth rate for the first quarter of Portugal was 1.1%, marking the first economic growth since 2010. Overseas investors generally believe that the current prices in the Portuguese real estate market present a good opportunity for investment and bottom-fishing, and the Portuguese real estate industry will benefit as a result.
Portuguese real estate is recovering after hitting a low point a year ago, with prices showing a stable rebound. Currently, housing prices are still significantly lower than the peak prices of 2007. Experts from WorldWay indicate that now is an unprecedented opportunity to invest in Portuguese real estate.
Although the development of real estate in Portugal has slowed in recent years, Portugal remains a highly attractive European tourist destination. The charming castles, world-renowned wines, well-preserved historical sites, and leisurely cobblestone streets are all sources of pride for Portugal. Compared to other Western European neighbors, life in Portugal is more relaxed and quiet. Additionally, the cost of living in Portugal is acceptable compared to other Western European countries.
Furthermore, according to real estate statistics from the Greater Lisbon area, there has been a strong surge in property sales in the first eight months of this year, and the company has added 14,000 properties for sale online. Experts from WorldWay suggest that investors can be selective and choose properties with a good cost-performance ratio when investing in real estate. The Greater Lisbon area has many active foreign immigrant communities and is very popular among tourists and investors from Nordic countries. Whether for property investment or leisure travel, Portugal is an excellent choice.
