Over the last few years the last place to go for financial assistance would have been the bank, especially Portuguese banks! However the tide is turning, and things are getting easier.
For clients looking to purchase their home in the sun, cash has been king since the start of the recession in 2008 as banks were not in a position to lend to overseas clients, and in part this contributed to the fall in prices.
Sales volumes and confidence in Portugal’s real estate is still rising, and prices are still falling, says the latest RICS market index, although experts say they are nearing the bottom.
What home owners and would be home owners think about prices is important in any housing market and if you look at sentiment in the UK at the moment then it is clear that the real estate sector is looking healthy.
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Figures for this year’s first two months confirm an upward shift in the property market in Portugal, according to data from the Association of Professionals and Real Estate Companies of Portugal – APEMIP.
The overall demand for real estate has risen 30% over the same period for 2013.
Well we are now approaching the end of the first quarter of the year and spring has finally begun. Following such a buoyant 2013 we were unsure of how 2014 would compare.
I have to say that the momentum has continued into the first quarter with sales exceeding 2013’s first quarter by almost double!
Whether you're buying or selling a holiday home, moving abroad or simply making an international investment, fluctuating exchange rates can make a huge difference to the price you finally pay .
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So Budget Day is almost upon us and the Chancellor George Osborne is set to make a number of changes that will impact on the property market.
He has already confirmed that phase one of the Help to Buy scheme which offers help to buyers of new homes will be extended to 2020.
