Time flies when you are having fun! I can not believe how quickly the past 12 months have gone by. So here we are again looking at the year behind us and ready to make a well-informed market outlook for the year 2024 while knowing its tough to make predictions, especially about the future.

We have been more often right than wrong with our predictions over the past 12 years. But as we are talking about the future sometimes they throw a curve ball at you when you least expected it. Our curve ball was expecting property prices to fall with the outbreak of COVID-19 as the lockdowns would have a significant negative effect on economic activity and people could not travel. We did not expect central banks to provide...

The popularity of Portugal as a holiday destination and place to live seems to have no limits. This is reflected in increasing rental values as well as property prices. Property prices seem to defy gravity from rising interest rates and the subsequent reduced affordability ratio whereas in other European countries the prices have fallen 2 to 6 % over the past 12 months. Can Portugal avoid a price correction?

Popular programs such as the Golden Visa, NHR, D7 visa and more recently the introduction of a Digital Nomad visa have attracted many expats to the country. Although the Golden Visa has been stopped, it is likely that foreigners will continue to come to Portugal for long...

Blessed with a superb coastline and some of the country s most beautiful beaches the Algarve continues to be one of the most popular holiday destinations in Europe. There are many new homeowners in 2022 since the property market has been very active. Like many other second home owners, you will want some rental income from your property to cover costs or, in the case of an investment, to maximize your return. You may be unfamiliar with the financial reporting requirements for short-term holiday rental accommodation under new rules of the Alojamento Local regime. Here is an update for 2023.

Its that time of the year again when we reflect on the past year and provide an outlook for the property market in the year ahead, 2023.

After two years of uncertainty people fully embraced the freedom to travel in 2022 resulting in an excellent year for the hospitality sector and property market alike. For most homeowners of self-catering accommodation in the Algarve rental income is at an all-time high and the year is not even over yet! Since beauty is in the eye of the beholder, the more people spend quality time in the Algarve the higher the number of prospective buyers. This is reflected in another record breaking year for the real estate market.

With property prices rising during the 1^st...

The pace of rising interest rates is increasing due to Eurozone inflation hitting a new record of 5% in December according to the release of the latest data. Rising interest rates mean higher monthly payments for homeowners with a mortgage. As rates are still relatively low it could make sense to refinance your current mortgage. There can be various reasons to refi:

- Lower interest rates mean lower monthly repayments

- Capitalising on the current low rates by choosing a long dated fixed mortgage period which offers financial certainty, stability and peace of mind

- Choosing a different type of mortgage and/or extending/shortening the repayment period

Who...

It is that time of the year again when we reflect on the past year and provide an outlook for the property market in the year ahead, 2022. Its been a remarkable time which has seen property prices rise again. We are now almost two years into the pandemic with a new wave, the 4^th taking place with an alarming increase of Covid-19 infections in various Northern European countries. A new corona variant called Omicron in South Africa is reason for caution as it spreads faster and is potentially more dangerous. Lockdowns are again looking to be part of the solution to stop the spreading of the virus which potentially can slow down the economic recovery. However, the property market in Portugal never looked...