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The rental market supply in Portugal needs to grow to meet growing demand, says a new report from Savills. More than a trend, building or investing in property for rental purposes is here to stay.
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Portugal is the sixth country in the EU with the highest rate of property overvaluation. It's also the country where house prices have risen faster than the average salary.
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The month of October was one of recovery for the Algarve's hotel sector, which saw its turnover increase by 2.3% compared to 2019, and 157% compared to 2020.
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The median prices for properties in Portugal has risen across the country, reaching the highest value since 2019. The highest-priced homes are currently in the Algarve, despite median prices shrinking by 0.5 percentage points.
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In the space of a decade, international demand for properties in the Portuguese market has more than doubled, but which nationalities are most interested in getting their hands on a place in the sun?
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