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The COVID-19 pandemic has no doubt shaken the global real estate market, but with rising property prices, Portugal seems to have bucked the trend (see here). A new report sheds some light on the cheapest and most expensive districts in which to buy a property.

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.

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.

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.

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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