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The Algarve, a popular year-round golfing destination, has teamed up with the golf tour operator network to support golfers’ holiday costs with the new campaign, “Golf clubs are on us”.
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While the luxury real estate market in Portugal has been rising steadily for the past six years, the sector has started to see a drop in prices as a direct impact of the pandemic.
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Despite calls for the contrary, the Portuguese Government has announced it is preparing to end the Golden Visas in Lisbon, Porto and other coastal areas by the end of the year.
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According to the latest price index from Idealista, house prices in Portugal rose by 1% in the third quarter of the year, despite the challenges brought on by the pandemic.
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The latest sales figures are in: house sales in Portugal fell by 23% in the second quarter of the year, an “official” sign of the Covid-19 pandemic. The biggest drop was registered in the Algarve region.
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