Recent News Articles on Portugal
Prices of Repossessed Portuguese Homes Slashed
A large number of homes that were repossessed by Portuguese banks during the crash of the country’s property market are now being offered to potential suitors at significantly discounted prices.
Portugals Plan to Issue Residency Visas to Investors Pays Off
During 2012, the Portuguese government had decided to follow Spain’s example and grant residency visas to real estate investors who were based outside the EU.
Recovery of European Real Estate Markets Stifled by Bad Debts
A large number of individuals primarily in their thirties, forties, and fifties, who had purchased properties when the real estate market had peaked in Europe about six years ago, are now finding it increasingly difficult to repay the mortgages.
Portugals Overseas Property Market in 2013
Real estate agents in Portugal report that buyers have renewed their interest in Portuguese properties, and that sellers with proper pricing of their properties are being approached thick and fast by potential buyers.
Real Estate Activity in European Markets Gaining Momentum
A good number of EU nations have been hard-hit by the collapse of the Eurozone’s real estate market. While Spain has suffered most, Italy, Portugal, Greece and Cyprus have also encountered tough times.
Whats Happening with Portugals Real Estate Market?
Portugal’s Institute of Tourism is all set to launch a new programme that is effectively anticipated to increase resort property sales in the country.
Portugal May Well Return to Debt Markets
Portugal could make a full return to the debt market this year, according to a top independent panel. The country made its first debt auction of the year yesterday, and expects to return fully to the market in September According to a press statement by
Portuguese Real Estate Prices Plummeting
Demand for Portuguese property is reducing by the day due to continuing declines in transaction expectations, rents and residential real estate prices.
Spain and Portugals Real Estate Industry Crumbling
The European Central Bank has revealed that eight of the largest banks in Portugal are required to collect only about 475 million euros more by the end of 2012 to protect their coverage to Spanish and Portuguese real estate.
Property Investment in and Around Lisbon
Portuguese real estate has been attracting investors who are looking at purchasing properties for discounted prices in the Eurozone. Lisbon is considered as a striking prospect by many investors due to the city’s Moorish quarter, history and architecture
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