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Investing in real estate in Portugal? “It’s a very desirable destination”
The country offers “unique conditions for investment”, João Miguel Louro, director of eXp Realty Portugal, tells idealista/news.
“For investors focused on improving their quality of life, Portugal continues to be an attractive destination”, offering “unique conditions for real estate investment”. This is what João Miguel Louro, director of eXp Realty Portugal, a 100% digital real estate agency of North American origin, says. It arrived on Portuguese soil in 2020, in the midst of the pandemic. “We don’t have physical offices in Portugal, but that doesn’t mean we can’t meet in person”, he explains in an interview with idealista/news.
According to João Miguel Louro, who was recently appointed expansion leader for eXp Realty’s business in Portugal – the company is present in more than 20 countries and has more than 87,000 agents –, “Portugal has always been an incredibly popular destination for expat buyers”, and is now seeing “a strong demand for new territories, such as the USA”.
This year alone, the brokerage firm has sold more than 3,000 properties, a figure that represents an increase of 89% compared to the same period last year. And will house prices continue to rise? They should “remain robust in 2015”, she predicts, pointing the finger at the current lack of supply: “Until we implement policies aimed at accelerating the construction of new homes , the situation will tend to remain the same and house prices will continue to be inflated due to high buyer interest”.
