Despite the fact that real estate prices in Portugal continue to fall, buyers' confidence in the country's housing market is increasing, according to an online source Opp-connect.com with reference to the recent RICS/Ci Portuguese Housing Market Survey (PHMS). The study assessed the buyer confidence index, reflecting expectations for prices and volume of the housing market, and also took into account the number of requests from real estate buyers.
According to experts, the cost housing in Portugal is declining due to weak demand, which is due to the high unemployment rate in the country (17.6%). But, nevertheless, there is stable activity on the part of buyers in the housing market.
Portugal's rental market has a stronger position, although rates are also falling. Those who cannot afford to take out a mortgage, rent a house. Demand in this segment remains steady and activity is expected to continue to increase.
HomesOverseas.ru
