After the euphoria of recent years, the rise in property prices in Portugal is declining and stabilizing. Investment in the residential market is starting to "lose momentum" at a time when demand is weakening and showing signs of slowing down. Lack of supply continues to weigh on prices, but less than before, also because of the upward trend in supply for new construction. With this change of cycle in sight, is it time to think about selling your property in Portugal ?
10 official and definitive stats of the real estate market in Portugal in 2018
The National Institute of Statistics of Portugal INE has published the official and definitive figures of the Portuguese real estate market for 2018. More and more real estate are sold and for higher and higher values. Lisbon continues to shine in the real estate market, but last year, the palm of the region with the fastest growth was the Alentejo. According to data from the National Institute of Statistics (INE), prices have risen for the last 5 consecutive years, but they are starting to show signs of slowing down. Lisbob, the expatriate assistant in Portugal, gathered the ten official and definitive figures of the Portuguese real estate market in 2018.
Real estate and consumer loans in Portugal: discover the new rules
New rules on mortgages and consumer loans in Portugal were introduced as of Sunday, 2 July. As an expatriate, it is sometimes difficult to know the different rules in norm of credits house or consumer especially when one does not speak the language. If you want to buy a house in Portugal read this: The Bank of Portugal has published new rules that apply to borrowers as well as banks and they change the way you can borrow. What is the maximum debt ratio accepted? What is the maximum percentage loaned by banks to buy a house in Portugal? What is the term limit of a home loan or consumer loan? Lisbob, the expatriate assistant in Portugal, tells you all about the new rules introduced by the Bank of Portugal on consumer loans and mortgages, so that buying a house in Portugal becomes a pleasure.