In Portugal, falling real estate sales

In Portugal, falling real estate sales

Together with a decline in the number of trades, and falling housing prices. Experts say the real estate market of Portugal, that an overabundance of supply in the market yet, but in the rental housing segment, there have been changes for the better.

Real Estate in the latest survey PortugaliiKak RICS (Royal Association of British Surveyors) and the Portuguese real estate agency Confidencial Imobiliario, before the fall the developers have been set up less pessimistic than the real estate agents, but by late October, optimism builders vanished.

Currently, the vast majority of buyers, rejects the idea of ​​a home purchase loans and switches to the lease, said portal Property Wire.
Recall that the economy of Portugal is in a prolonged crisis and housing market remains in a negative balance in all segments. In October 2011 consumer confidence index continued to decline.

Against the backdrop of rising unemployment rates falling house prices gradually increase. However, according to staff RICS, a period of growth of credit rates and a tightening of credit still coming to an end.

In this situation, benefiting those who want to rent a house, as well as real estate agents to help people find suitable alternatives.

The national average is considerably increased demand for rental housing, slightly increased amounts of new housing that is suitable for subsequent lease. But here is the rental price is still falling.

Analysts suggest that the lease will continue to become cheaper and more, with the amount of rental housing will also increase. In October, the rent and buy housing declined in all major cities, including in Porto and Lisbon, and most of the drop was registered in the Algarve. The number of deals for renting premises grew fastest also in the Algarve.