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The decline of house prices caused by the COVID-19 pandemic (see here) could open the doors for opportunistic investors and help turn around the crisis, according to a Deloitte partner.

Portugal's hotels are ready to welcome tourists, although it is not clear when this will happen. The Algarve region, which is highly sought after by tourists for its beautiful beaches, great golf courses and relatively low prices, already has more than a third of its hotels open.

The real estate sector could be one of the first to come out of the crisis despite marked inactivity in the month of April, say industry experts.

As the deconfinement plan for the COVID-19 pandemic began to be carried out on Monday, May 4, and real estate agencies reopen their doors, the president of APEMIP says “demand is waiting”.

Despite forecasts predicting otherwise (see here), house prices in Portugal seem to have risen significantly since the COVID-19 pandemic took hold. One of the reasons is the influx of British expats from southern Spain.

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