Property markets are cyclical. There are highs and lows with upward and downward tendencies in between, all of which can be influenced by a variety of factors. In the Algarve, the market is susceptible to the knock-on effect of economic events abroad, in particular the UK, homeland of most foreign buyers here, but fluctuations are usually less acute here than elsewhere.
The strength of the Algarve property market lies largely in the region’s exceptional attractions. While markets may wax and wane, attractions such as a great climate, natural beauty, social stability and an agreeable cosmopolitan life are here to stay. Ever since the region was first discovered by foreign buyers in the 1960’s, property has proved to be a solid investment with impressive growth rates. That is not going to change either, irrespective of economic hiccups elsewhere. What is changing quite dramatically – and for the better – is the quality of design and construction of homes and ways of making them more compatible with the environment. It is happening inland and all along the coast from the Spanish boarder to the Atlantic west coast in accordance with prudent official regulations and forward…
But this year the property market is suffering due to: The pound-euro Exchange rates and the global credit crunch have taken its toll in the sunny Algarve, according to Algarve Property Magazine editor, Len Port.
However, there is some significant silver lining.
If there was ever a right time to buy, that time is now. There is a bargain galore but there are good deals to be had in all of the Algarve.
That being said buyers should not wait for the market to be worse for, there is a limit bellow which owners will not sell, as the Algarve market is far more resilient than any other.
Recessions come around every so often and shake things up, but the Algarve with its attractive features will always be a desirable and sunny place for your holidays or permanent living.
Clearly there are many people who are looking well beyond the doom and gloom into a bright future.
O mercado imobiliário é cíclico; há elevações, com tendências ascendentes e descendentes, que podem ser influenciadas por uma variedade de factores. No Algarve, o mercado é susceptível devido a vários eventos económicos do exterior, em particular do Reino Unido, de onde a maioria dos compradores estrangeiros provêem.
Este ano houve uma quebra no mercado Imobiliário devido ao factor: Taxas de câmbio e restrições ao nível do crédito que “assombraram” o solarengo Algarve.
No entanto se alguma vez existiu uma altura ideal para adquirir a sua habitação própria permanente ou até mesmo uma casa de férias, essa altura é agora.
As casas estão a ser vendidas a preços realistas mas como é óbvio em qualquer situação continuam a haver bons negócios por todo o Algarve. Como região privilegiada, quer com as fabulosas praias, sol abundante e fantásticos comeres e beberes, o Algarve tem se mostrado mais resistente às oscilações de mercado do que era previsto.
Claramente ainda existem vários investidores e particulares que conseguem visualizar um futuro brilhante numa região sempre promissora como o Algarve.
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