Investing in the real estate industry is becoming an increasingly viable option and more and more people choose to do so instead of keeping their savings in the bank. This trend is, therefore, accompanied by the current scenario of increasing purchases and sales of homes in Portugal and the propensity to improve the real estate business.
The year 2017 was a clear example of this as it has been very positive for the real estate market. Faced with the improvements in the sector, Engel & Volkers also saw an increase in its presence in the Portugal branch, its number of branches and also an increase in its turnover.
Currently, buying and selling a home can be a very advantageous business for all parties as the advice provided counts on the professionalism and competence of the responsible entities who ensure that the whole process runs smoothly.
Foreigners are a clear example of a group that has benefited from property offers in this area, and at present a significant percentage of real estate investors are foreigners. In our country, the interest from foreign buyers - mainly British, French and Chinese - is mainly visible in large urban centres, such as Porto and Lisbon and also in the Algarve.
Some of the factors that contribute to this growth are the greater ease of obtaining loans and mortgages from banks, an increase in confidence in economic growth and the fact that, more and more people prefer to invest their savings in this market.
With the greater credibility of the real estate industry and the improvements in this area, investing in property is, therefore, appealing to lots of families, who consider that this is a better way to manage their money than to put it in the bank.
Along with this investment interest, there is a demand from specialists such as Engel & Volkers in the search for the ideal partners and the most competent advisers to help manage the process and ensure the best deal.
Given the importance of buying a property, especially considering the amount of money that will be invested, it is essential to seek the help of these qualified specialists, who know the ins and outs of the sector and know how to identify errors and avoid them while ensuring that the best opportunities are taken advantage of.