Every year in December we reflect on the past year and provide an outlook for the property market in the year ahead, 2016. As expected, trading conditions for real estate have improved over the past 12 months.
Looking back we can say that the market bottomed out in 2013/2014. During this period transaction volume steadily increased but property prices remained weak for most of this period.
However by the end of 2014 we saw some price improvement which continued more broadly in 2015 making this the first time in 6 years that vendors started to benefit from the recovery too.
Over the past decade, the landscape of the overseas property market has changed vastly. Property entrepreneur and Founding Director of Ideal Homes Portugal and Ideal Homes International Chris White has been selling property through the good times and the bad. After a turbulent 10 years, he believes the overseas property market has finally reset itself - and that now is the time to look to the future.
Exclusive Algarve VIllas, the Algarve's award winning luxury real estate agent brings you 5 beautiful properties for sale this festive season.
Every overseas property professional wants to know where the real estate hotspots are around the world, so the Rightmove guide, Who’s Buying Property Where? for 2015/16 makes fascinating reading.
The recently released September 2015 RICS/Ci Portuguese Housing Market Survey (PHMS) has revealed a swiftly moving market, with sale indicators pointing to the fastest level of monthly growth in sales volumes since they survey began in 2010. A sustained rise in demand has led to an acceleration in prices, with the market seriously gathering momentum.
A recent air pollution survey conducted by Airport Parking and Hotels warned that many popular holiday destinations may be harmful to visitors' health due to the quality of their air. Dubai's air quality ranking, based on data gathered during October 2015, was considered 'very unhealthy,' while Beijing was considered 'hazardous.' Indeed, according to a study by Berkeley Earth, every hour of exposure to air pollution in Beijing can reduce an individual's life expectancy by 20 minutes. Globally, air pollution kills more than 3 million people every year and the World Health Organization (WHO) has stated that just 12% of the world's population is living in cities with clean air.
Huge development plans are set to transform Vilamoura into one of the world’s leading tourist residential resorts and attract more international investment to Portugal’s Algarve, including Golden Visa applicants, say PortugalBuyingGuide.com.
Buying a property overseas is an exciting venture, but also one that requires careful financial consideration. To help ease the process, Chris White, Founding Director of boutique estate agency Ideal Homes Portugal, has compiled his top tax tips for buying property in Portugal.
