Portugal continues to be a low-risk market

Despite the recent growth in the Portuguese real estate market and in comparison to other European countries, property prices remain competitive , making it an attractive option for investors looking for affordable properties with strong growth potential.

According to the  Antonio Ramalho, former CEO of Novobanco “Portugal does not have and is not facing a real estate bubble” 

The banker and economist who spoke at the Portugal Real Estate Summit in Estoril early October,  said that “the great impact on property prices is coming from a lack of supply at a time when demand remains resilient. The Portugal Property Market is a mature and professional market which continues to be one of the best in the world.”

The economist said that the increase in house prices in Portugal was influenced by overseas demand, by the boom in tourism, and by a stagnating new- build market. “The increase in prices is not down to an increase in family debt,” he said.

Ramalho also added that “Despite popular the popular buzz going around , Portugal does not have a property bubble and won’t see one. Although transactions are falling, demand remains resilient and property price increases are moderate, with adverse base effects and stricter financial conditions but unlike other peripheral destinations, Portugal continues to be a low-risk market because of its local importance.”