Portugal Real Estate: Time to Run Away?

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Is it still a good idea to invest in real estate in Portugal? In this video, we dive deep into the current state of the Portuguese real estate market and explore whether it's the right time to buy property. We discuss the recent restrictions on the Golden Visa and Airbnb licenses, the disparity between wage growth and property prices, and the decline in foreign investment. Join us as we analyze the factors pressing real estate prices and provide our personal verdict on the situation.
Timestamps:
0:00 - Introduction
0:46 - Golden Visa Restrictions
1:45 - Airbnb License Limitations
2:30 - Wage Growth vs. Real Estate Price Growth
4:03 - Decline in Foreign Investment
5:01 - Personal Verdict
6:08 - Should You Buy Property in Portugal?
Portugal is still a beautiful place with one of the highest qualities of life in Western Europe, but is it worth the investment? Watch the video to find out!
Don't forget to like, comment, and subscribe for more insights on real estate trends and investment opportunities around the world.
#PortugalRealEstate #GoldenVisa #Airbnb #Investment #RealEstateMarket #Portugal #PropertyInvestment #LivingInPortugal #Real #PropertyPrices #ForeignInvestment #PortugalLiving #RealEstateTrends

Опубликовано:

23 июл 2024

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Комментарии : 10

@michaelmulcahy2277 Месяц назад

For EU citizens like me, a drop in property prices is very welcome. I would like to 'retire' in the Duro Vally area in the next few years. It would be interesting to view the situation and its opportunities from this perspective!

@traveleconomics Месяц назад

I believe in the countryside there will be plenty of bargains. In Porto and close to it, it is rather unlikely, but at the same time, I don't see room from price increases much beyond inflation.

@Eirene-vw1dt Месяц назад

I think Portugal is wise to pace it's growth and allow for some balance particularly, for investors that are purchasing for BnB endeavours. In the big picture I think those that have purchased to settle in Portugal have definitely been value added and I'm sure the countryside has come to life again. That said, slowing the pace will help locals acclimatize to newcomers and allow Portugal to catch up to it all. ♥️🇨🇦

@traveleconomics Месяц назад

Those are good points, but I think Portugal had the right idea with the wrong pace, it offered too much too quickly and then withdrew most of the advantages too quickly as well. This instability does not help investors trusting the economic environment.

@Eirene-vw1dt Месяц назад

@@traveleconomics I agree with that too. That said, that is now the problem everywhere, our country being no exception. It's time to close the gates for a while. We now have newcomers coming in to cover the costs of the newcomers that came before them and Canadians, especially seniors drowning in costs they can't keep up with and no access to all the 'free stuff' that foreigners clamour to get in for. Utter mess actually. 🇨🇦

@traveleconomics Месяц назад

@@Eirene-vw1dt Yes, in the case of Canada it is exactly what you said. I am planning to make a video on how the Canadian Real Estate market relies mostly on immigration to make prices rise constantly, giving a false impression that things go well, when they actually aren't. Locals, and even previously arrived immigrants are priced out of the market by new, wealthier immigrants/expats.

@Eirene-vw1dt Месяц назад

@@traveleconomics yes, those coming over now (and I worked right among them all for two years, directly off the plane) are definitely economic opportunists and honestly, I wouldn't say they are the nicest or even most hard working immigrants this country has ever seen and, that's being honest and very diplomatic. ♥️🇨🇦

@Eirene-vw1dt Месяц назад

@@traveleconomics definitely those coming into the country now are economic opportunists and far from the nicest or most hard working this country has ever seen. I'm being overly diplomatic in saying this. They look down on Canadians and the Canadian way of life, they will weasel where they can, including products out the back door, they will watch senior Canadians working while they slouch...nothing pretty about any of it. I worked right among them, for two years, they were straight off the plane. I'm now all for closing the gates. We are falsely relying on them, that idea is simply another Government pitch, again, like many western nations.