Portugal and Italy were by far the best performers in 2013, both seeing property enquiries rise by more than 40 percent year-on-year, followed by Spain and France respectively with a hike of about 30 percent and together continue to be the most popular destinations for property buyers in terms of volume.
The feeling that property prices have reached the bottom in hot spots such as the Costa Blanca in Spain or the Algarve in Portugal in the second half of last year helped drive enquiries. With the confidence boosting news of the successful exit of Portugal from the Troika’s bail out, reasonable euro mortgages and incredible finance deals available from most developers and banks, it’s easy to understand the trend.
Due to the excessive Tax burden in France, we’ve also seen in the Algarve an exceptional increase in French investors.We expect demand to continue to strengthen throughout 2014.
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