Real estate market reached the bottom of the Algarve, the opinion of experts

According to experts, the housing market of the Algarve (Portugal) reached the bottom, and it is expected that property prices will start to grow, according to online resource OPP-connect.com citing a study conducted at the beginning of February 2013 among the top ten real estate agencies Algarve . Specialists of the agency noted that in 2012, the number of deals and offers on the real estate market in the region has increased in comparison with 2011. However, recovery is not always observed. A quarter of the total volume of transactions were concluded in the price category between 250 000 - 500 000 EUR. In the lower price range of 100 000 to 500 000 euros in 2012 the number of transactions has increased by 17%. The number of transactions with real estate worth between 500 000 and 1 million euro for 2012 decreased by 32%. According to the source, in the Algarve increasing number of foreign buyers. The British are still the leaders among foreign buyers in the Algarve market (46%). It is also noted the appearance on the market of buyers from Canada, South Africa, Switzerland, France, Russia and the CIS countries, Sweden, Norway and others. HomesOverseas.ru