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Real estate investment in Portugal has dropped by 48% in a year, with residential investment starting to cool in 2023.
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Just two months after reaching a record high, new data shows a decline in the median value of bank appraisals. The Algarve still leads in terms of highest value.
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Property prices in Portugal have more than doubled since 2010 and should continue to rise, says the European Commission.
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Despite its political crisis, Portugal's long-term issuer rating has been upgraded two notches by Moody's, from Baa2 to A3.
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New air routes and connections in 2024 open up the Algarve to more parts of the world.
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