The May 2024 results of the PHMS RICS/Ci point to an overall stabilization of conditions in the housing sales market, as most metrics remain in neutral territory. On the other hand, the trend of increasing demand in the rental market is consolidating, where the lack of new properties coming onto the market persists. Regarding demand … Weiterlesen …

The new simplex for urban licensing emerges as a promising initiative to boost the real estate market, aiming to increase the supply of housing by converting commercial properties into residences. This ambitious proposal seeks to simplify and standardize the licensing processes in municipal authorities, eliminating unnecessary bureaucracy and facilitating the buying and selling of properties. … Weiterlesen …

According to analysts, the Algarve property market is set to outperform many international real estate markets.This strong performance is expected to be driven by high demand, limited supply, and sustained international interest. Price growth is anticipated to remain healthy, with investors likely to benefit from capital gains that could surpass those seen in the UK, … Weiterlesen …

In a recent legislative move, the government has taken steps to scrutinize the status of AL licenses (Licenses for short-term touristic rentals). The focus is on distinguishing between actively used licenses and those lying dormant, with the latter slated for cancellation. This initiative aims to streamline the oversight of short-term touristic accommodations and ensure compliance … Weiterlesen …