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The recent COVID-19 pandemic has affected many areas in all walks of life, and the real estate market is no different. For many house-hunters, it has brought a different perspective of the features that have become essential for their dream home in the sun.
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A new campaign has been launched by the Algarve tourism board to encourage national and international tourists to choose the region as this year’s summer holiday destination.
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The official numbers from Confidencial Imobiliário have brought a “sigh of relief” for Portuguese estate agents, says the Expresso newspaper, with a 23% rise in house sales compared to April following the COVID-19 pandemic lockdown.
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Investment through the Golden Visa scheme almost tripled in May amid the COVID-19 crisis, the best month since March 2017, according to the latest figures.
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The Portuguese Association of Real Estate Developers and Investors (APPII) has launched a programme to relaunch Portugal’s property market. Measures include relaunching the Golden Visa scheme and the Non-Habitual Residency programme to attract foreign investment.
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