Spain 
Italy 
Greece 
Portuguese Real Estate Market Sees One of the Best Recoveries from Global Crisis
15 September 2017
Portugal, along with Ireland, the United States, Spain, Greece and the United Kingdom, are among the countries that have seen the strongest recoveries from the global crisis that plagued the world economy in general, and real estate in particular. In most of these markets, housing prices are recovering, and domestic and foreign investment is resuming.
The Portuguese real estate market stands out as a major destination for international investments, as highlighted by MoveChannel.com, the leading international independent real estate website, which evaluates the global investor interest on a monthly basis.
In the latest analysis, the company’s portal director Dan Johnson revealed that “Portugal’s popularity is at a nine-month high in our latest Top of the Props report and real estate sales broke new records earlier this year.” Prices are 8.16% below 2007 levels and have increased 5.03% in the last
Based on a comparative study of official price growth figures over the last ten years, which aimed to determine the recovery rate in the world’s most attractive investment markets, MoveChannel concluded that market prices in Portugal are 8.16% below 2007. However, they have increased 5.03% in the last five years, fuelled by growing international demand.
In Ireland, where prices are 31.19% below 2007 levels, prices have risen 45.8% in the last five years, making it one of the most attractive European markets.
In Spain, prices have dropped 15.08% since 2012, but growth in the previous 12 months has been positive, making the investments in the country highly attractive and accessible.
The same goes for Greece, where home prices are 43% below 2007 levels, but saw a slow decline to -30.25% in the last five years as the market gradually falls.
The report notes at the outset that “these market recoveries are not straightforward, and there are other factors that affect price growth, such as economic performance, employment rates, availability of finance, population growth, supply of housing and tourism trends, “warning that” prices can recover quickly after the market collapse, before slowing or falling significantly over several years.”
Original Story: idealista
Translation: Richard Turner