Real estate in portugal cheaper as demand weakens

Portugal remains a great place to snap up bargain property as new figures show that the prices in the country are continuing to fall. The latest figures from the Royal Institution of Chartered Surveyors/Ci Portuguese Housing Market Survey show that poor demand in the country is continuing to push down house prices.

Falls in prices of Property In Portugal

The May figures showed that Portuguese developers reported a steep decline in prices, matching the figures reported by estate agents. The National Confidence and National Activity indices both fell by seven points to -60 and -39 respectively.

Whilst prices are falling across Portugal, there are some significant regional variations. The country’s capital, Lisbon, is seeing significant falling prices whilst Porto is actually seeing a rise in new instructions, despite softer values.

However, the Algarve saw price falls actually slow with falls in new buyer enquiries and agreed sales also decelerating.

Sources: HomesGoFast.com