Invest into Portuguese real estate with Orama Estates LLC
Prices in Portugal continue to rise despite the fact that worldwide property prices are expected to decline due to the coronavirus epidemic which caused a downturn in global economies. Prices increased by 12% throughout 2021 on average across the country. The highest price per square meter is in Lisbon and Faro.
Why is this happening? In recent years the interest in buying real estate in Portugal from international investors has increased significantly. This country looks more and more advantageous in comparison with yet more popular Spain. Portugal has a milder climate, no as hot in summer and at the same time less cold in winter thanks to the influence of the Atlantic. There are lower prices with a fairly high standard of living and safety. As for Portuguese, they are more hospitable to foreigners than the Spaniards. Therefore, according to many immigrants Portugal is more suitable for year-round living than Spain.
On average, in 2020 real estate in Portugal has risen in price by 10%, while in the city of Porto expensive and prestigious apartments have increased in price by an average of 20% and start at 300,000 euros per object.
The average cost per square meter of apartments in Portugal is 1,400 euros ($1,650), houses - 1,160 euros ($1,370). This is significantly lower than in many other EU countries. The most expensive cities are Lisbon and Faro (the center of the southern Algarve resort region). The cheapest are in the District of Castelo Branco - you can acquire a good unit for 120,000 euros ($14,100).
Right now housing in Portugal is actively bought by the British, French, Brazilians, and Americans. The Portuguese real estate market is actively developing despite the pandemic and turbulence in the global economy. Visit our home page to get more information on existing investment plans and find out how European markets can benefit you.
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