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Algarve Property Market Outlook 2022 and review of 2021

Its 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 back and...

Published on 01/12/2021 10:18:13 Read all article

How to plan a family vacation in the Algarve and stay...

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

Algarve Property Market Outlook 2021 and review of 2020

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

Algarve Property Market Outlook 2020 Revised for COVID-19...

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

Algarve Property Market Outlook 2020 and review of 2019

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

Algarve Property Market Outlook 2019 and review of 2018

Every year in December we reflect on the past year and provide an outlook for the property market in the year ahead, 2019. The past 12 months have been very exciting as real estate continued to be popular for both permanent living and investment purposes. The total number of visitors to the Algarve decreased a bit year-on-year, but this was to be expected after two consecutive years of record breaking numbers. Strong demand for both residential and investment property saw prices of existing properties rise by 9.5% which is just above the top end of our expectation of 9% made in December 2017.

Published on 01/12/2018 00:49:02 Read all article
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