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Property prices continue to rise!

Posted by colin.wilson on December 30, 2018
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Looking to buy a property in the Algarve?  Do it now because prices here continue to rise year on year even month on month!  According to reports in the press recently, the third trimester of 2018 saw prices 8.5% higher than during the same period last year. Building licences issued by town councils, for new builds and rebuilding projects increased by 19.7% during the first nine months of 2018, while property sales “exceeded 170,000” compared to 2017’s 153,00. It is good news seeing building new and refurbishing of properties here with more and more  being built and refurbished all over Portugal not just in the Algarve. It is the shortage of properties for sale that maybe causing this rise along with the demand of course, so our advice to you is to get into the market place now prices are not going to come down anytime soon!  Happy New Year to you all and we hope we can help you find that dream home of yours here in Portugal.

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