Property in Portugal Buyer's Guides

Earlier this year we ran a report about how ‘property in Portugal was not necessarily so popular’ after being inundated with what we felt were less than well rounded and researched articles about the property market in Portugal weathering the international war on real estate values. 

Reports then went fairly quiet about the nation’s real estate offering for a while – but once again focus has been turned to Portuguese property following press releases reporting, among other things, that Zara Phillips has invested in the nation’s real estate market.  Added to this is the fact that the Global Property Guide has published findings that the value of property in Portugal is continuing to rise…

…so, is it time for us to eat our words?  Does property in Portugal prove to be a good investment?  Well, for those who have been lulled into buying and speculating off the back of recent positive media reporting of the nation’s economic developments, I’m afraid that we can’t actually offer anything up in support of taking a short-term punt on the market!  We stand by our earlier argument that Portugal is potentially good for the long-term investor, but that a short-term approach to investing in property in Portugal will not necessarily prove profitable.

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A recent article in the Guardian about the appeal of property in Portugal spawned a host of spin off articles on property related websites that grabbed hold of anything positive about the nation’s market from the original piece, and pushed the appeal of the country’s real estate to the max.

However, despite the overall positive findings of the original Guardian article’s author Graham Norwood, we would like to argue that property in Portugal is not necessarily so popular with Britons at the moment – even those seeking to buy into a more stable market in Europe perhaps.

The appeal of the nation is of course great, but it is not as great as the appeal of France or the appeal of Spain for holiday home and investment property seeking Brits looking specifically at Europe.  And of course, for those turned decidedly off by the horrendously hideous euro/sterling exchange rate at the moment, Portugal is definitely a no-no.  In this report we look at reasons not to buy property in Portugal, and present them along with the positives about the market so that you can make a more informed choice.

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If you think about it, the mass media hype about negative pricing adjustments in the world’s top property markets has mainly missed out Portugal.  You may think that this is because Spain’s market crashes make for a far more exciting story, or the fact that London’s high-end real estate landscape is altering is more interesting perhaps – but actually, the reason why Portugal has avoided making the sensationalist headlines about falling prices and unhappy home owners is because its market remains far more stable and well adjusted.

Of course, that’s not to say that the property market is over-flowing with buyers or that there is more affordability globally speaking for properties in Portugal!  But Portugal’s has remained a much more stable and realistic property market over the last decade of record gains in other parts of the world.  Taking the over blown Algarve out of the equation for a minute, the appeal of Portugal has been far less attractive to the get rich quick investors, rather it is a nation that more strongly appeals to lifestyle buyers and long-term investors.

If you fall into either of these categories you may be interested to learn that there is still very strong demand for traditional property for sale in Portugal, and that it is a nation that can fuel this desire with stunning homes for sale all across the country at relatively reasonable cost.

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