Property expert Robert Bijker advises us on the current property investment market.
With the Dow Jones Industrial Average suffering its biggest one day points loss in its 122-year history on Monday 5th February 2018 and stocks in Asia and Europe also taking huge hits in February – the volatility of the world stock market is exposed once again. With bank interest rates still offering pitifully low returns, investors are continually looking at property as the favoured method for investments. The question of course is where should one invest?
As reported in the “Illustrative Insights” newsletter, the credit rating agency DBRS states that “most European real estate markets have trended positively, posting a strong recovery following the dramatic collapse of the last ten years”. In its report it points to notable improvements in Ireland (12 %), Portugal (10 %), the Netherlands (10%) and Spain (7%) with Italy being the only European country where the property sector continues to decline (- 1 %). In the United Kingdom, the DBRS highlights the challenges that are beginning to present themselves to the real estate industry due to Brexit and at a time when London is also showing the first signs of a slowdown. With the capital usually leading the property market trends within the country, things are not looking good for the rest of the UK.
As has been reported in the Association of Estate Agents in Portugal (APEMIP), the Portuguese property market is continuing to improve with 2017 demonstrating that average property prices had climbed yet again. With an average of 400 properties per day being sold nationally, buyers are reacting in much greater numbers as confidence continues to grow. In 2017, the municipal tax on property purchases (IMT) earned the municipalities 851.2 million euros nationwide with this figure already surpassing the previous record of 839 million euros, collected in 2007. With property sales in Portugal showing no signs of slowing down the rating agency Fitch has predicted that prices in Portugal will grow in 2018 and 2019 at a rate of around 5% year on year. Great news for those looking to buy in Portugal right now.
With just under 500 properties for sale in locations stretching the full length of the Algarve, Yellowhomes Land and Houses Algarve is well placed to give advice on all areas for property investment. All the properties we have listed are personally visited by our sales teams allowing us to perfectly match the search criteria of buyers with the correct properties. In addition, each property we have listed is given to us directly from the owners allowing us the opportunity to negotiate directly between potential buyer and seller. To view our superb selection of properties for sale please visit our user friendly website at www.yellowhomes.com.
With properties being sold at quicker rates than any time in the last 10 years, we are more eager than ever to list quality properties or plots particularly around the areas of Loule, Almancil, Boliqueime, Vilamoura, Carvoeiro and Tavira. If you are considering selling your property or plot and would like to speak with a member of our team then please call us now on 289 301294 to make an appointment. We look forward to hearing from you soon..
EN 125, Benfarras Boliqueime
8100 – 068 Boliqueime
Tel: 289301294, Fax: 289301439
Rua Dr. José Pires Padinha 178
8800 – 354 Tavira
Tel: 281320281 Fax: 281 321 901
(AMI – 6232)