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Article by Viv Europe - Official Legal and Relocation Partner to KipperTree.

07 02 2024

For advice about moving to Portugal cont Viv Europe here.

Between 2015 and 2020, the real estate market in Portugal registered a market increase never seen before.

Due to the increase in Portugal’s prestige in terms of investment, tourism, and also the choice as a destination country to live in, the real estate market followed this trend and heated up.

Big companies and investors decided to give this country a chance, so they bought real estate like never before, along with ordinary people just wanting to take advantage of the low real estate prices compared to their already famous neighbours.

This boom in this sector was also a reflection of Portugal’s economic growth, which made Portugal the European star during 2018 and 2019.

Unfortunately, the Covid crisis came.

As what’s happening with almost all European countries, the real estate market has slowed down, as people are spending less money overall, and lockdown measures also made it more difficult to visit properties in person.

Some real estate agents are saying that the price range of real estate has not changed much with the crisis of 2020, but the wave that came in 2021 may change this scenario.

For advice about moving to Portugal cont Viv Europe here.