No-one can truly predict what the future holds, but for those in the international property sector it is certainly possible to make informed projections based on their experience of the market and their knowledge of key influencing factors.
You grow up, get married, buy a house and have 2.4 children. At least that's how things used to work. These days an increasing number of young (and indeed not so young) couples are having to make a choice between their dream wedding day and their dream of owning their own home.
Despite the European Grexit saga – or maybe because of it – it seems that investors are sensing the chances of bargain-priced properties - and they would be correct. As Knight Frank put it when examining demand for island property, there is likely to be a Greek “fire sale”. At the same time, Greek agents admit that some prime property prices have halved over the last few years.
The soft sands and warm waters of the Mediterranean are known around the world, accounting for one of every three international tourist arrivals globally, according to the UN World Tourism Organisation (UNWTO).
Insurance tops the list of items forgotten by those buying second homes overseas, boutique real estate agency Ideal Homes Portugal, has revealed. Founding Director Chris White explains,
"Buying a property overseas is a wonderful venture, but is also a process with a lot to remember. Dealing with a foreign country's paperwork can seem daunting and there are exchange rates and language barriers to throw into the mix as well. It's an exciting process, but our experience has shown that buyers often forget things that they would undertake as standard in the UK. Purchasing insurance is top of that list."
This south facing and beautifully renovated villa is located on a slightly elevated plot in Quinta do Paraiso in Carvoeiro, offering sea views from the roof terrace.
The property has 4 bedrooms, of which two are ensuite and two share one bathroom.
The financial crisis left its mark on many markets, impacting property values around the globe. Among those hardest hit was Portugal.
The latest infomation shows that buyers are spending more.
CLICK HERE to read the full report by ILM Real Estate Group.
Oceânico Group, the leading Algarve-based resort and golf owner-operator, announces the release of homes at its three renowned resorts in the region – the Amendoeira Golf Resort, Belmar Spa & Beach Resort and Baía da Luz.
After a halt on property sales due to the global economic crisis, the Algarve and Portugal are showing significant signs of recovery. Over the last 18 months, a low supply and increasing demand has meant that prices are starting to rise.
- Meravista's 2015 Algarve Property Market Report
- The Telegraph highlights Salema as one of Portugal's 'maritime secrets'
- London or Algarve
- Property of the month - a unique estate for sale near Almancil
- Summer holiday heaven - look no further, Europe has it all!
- Top of the Props: Foreign buyers still in love with American dream
- Liquidator prevented from selling Rioforte's 'Herdade da Comporta'
- Let's look at Lisbon - investing in the Queen of the Sea