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The coastal area of Portugal has the biggest offering of properties for sale and rent, making it the easiest area to buy a home, says a recent report.
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Following the news that the Golden Visa regime was pushed to 2022, real estate experts are predicting a “very significant increase” in property purchases in the coming months for eligibility to the residence scheme.
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Leasing is the new trend in the Portuguese real estate market, with developers now preferring to build for rent. But rental prices are still going down, according to recent data.
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While the Portuguese real estate market has shown resilience in the face of the pandemic, prices are expected to drop in the next six to nine months with the end of the moratoriums.
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The Portuguese government has announced that the country’s Golden Visa programme will be extended by six months. Revisions to the scheme will now come into effect in January 2022.
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