|
The pace of rising interest rates is increasing
due to Eurozone inflation hitting a new record of 5% in December according to
the release of the latest data. Rising interest rates mean higher monthly
payments for homeowners with a mortgage. As rates are still relatively low it
could make sense to refinance your current mortgage. There can be various
reasons to refi:
- Lower interest rates mean lower monthly
repayments
- Capitalising on the current low rates by
choosing a long dated fixed mortgage period which offers financial certainty,
stability and peace of mind
- Choosing a different type of mortgage and/or
extending/shortening the repayment period
Who... |
Published on 06/02/2022 00:46:27 |
Read all article |
|
|
|
It is that time of the year
again when we reflect on the past year and provide an outlook for the property
market in the year ahead, 2022. Its been a remarkable time which has seen property
prices rise again. We are now almost two years into the pandemic with a new
wave, the 4th taking place with an alarming increase of Covid-19
infections in various Northern European countries. A new corona variant called
Omicron in South Africa is reason for caution as it spreads faster and is
potentially more dangerous. Lockdowns are again looking to be part of the
solution to stop the spreading of the virus which potentially can slow down the
economic recovery. However, the property market in Portugal never looked... |
Published on 01/12/2021 10:18:13 |
Read all article |
|
|
|
Pandemic or not, the
Algarve is still one of the most popular holiday destinations in the World. You
do not have to be rich to have a wonderful time here, there is something for
all lifestyles. Due to the Covid-19 pandemic travel can be uncertain and often
involves additional testing adding to cost. When you are on holiday with
children it can be tricky if you have to stick to a budget. You will be buying
them souvenirs, going out for dinner and from time to time taking them to a
theme park. It is all part and parcel of a family holiday. Here are some tips
to save money whether you are on a budget or not. The best tip which can
literally save you hundreds of Euros before going on holiday, we have saved for
last.
|
Published on 05/08/2021 23:43:25 |
Read all article |
|
|
|
Every year in December
we reflect on the past year and provide an outlook for the property market in
the year ahead, 2021. It has been a year like no other, one that will stay on
our minds forever. The by long-term historical standards relatively mild
Covid-19 pandemic has led to many lost lives and enormous economic damage
causing great uncertainty for people and businesses alike and is still ongoing.
Contrary to our expectations the market held up remarkably well. We have seen
some sharp reductions in asking prices of resale properties, but the majority
of vendors left prices unchanged. There has been many cross currents this year.
Some areas like Quinta do Lago and Vale do Lobo have seen an increase in
transaction... |
Published on 01/12/2020 10:50:49 |
Read all article |
|
|
|
With the outbreak of
the COVID-19 virus and subsequent economic fallout we are revising our already
cautious annual outlook for resale property in the Algarve for 2020. With the
lockdown of many countries around the world the global economy is expected to go
into recession. For Europe a severe recession seems unavoidable. The lockdown
of countries, the closing of schools and most businesses, the self-containment
measures to stop the virus from spreading have brought normal day-to-day life
to a standstill. As a result we expect a sharp drop in transaction volume of existing
home sales and significant downside to property prices.
The... |
Published on 03/04/2020 15:28:01 |
Read all article |
|
|
|
Every year in December
we reflect on the past year and provide an outlook for the property market in
the year ahead, 2020. The past 12 months continued to see healthy demand for
real estate for both permanent living and investment purposes albeit at a slower
pace versus the year before. Less supply of existing properties in combination
with relatively high prices, sharp downward revisions of economic growth early
in the year and uncertainty regarding trade wars and Brexit are the culprits. Despite
this property prices continued their upward trajectory by increasing 3%
year-on-year, which was in line with the lower end of our expectations. There
are reasons to be cautiously optimistic for the upcoming year.
|
Published on 01/12/2019 09:58:28 |
Read all article |
|
|