During the summer months of June to August 2024, housing sales in Portugal experienced a significant boost, with a reported increase of 3,3%. This surge reflects a growing demand for properties in the country, fueled by a combination of lower interest rates and new government initiatives aimed at making housing more accessible, especially for younger buyers under 35 years old.
The number of transactions rose to approximately 34,500 properties sold, surpassing the 33,400 recorded in the previous quarter. This uptick in activity comes after a challenging start to the year, which saw a slight decline in sales. The positive trend in housing transactions is expected to continue, as the favorable economic conditions and targeted policies are likely to stimulate further interest in the real estate market.
At Algarve Property.com, we understand that finding your perfect home is more than just a transaction; it's a life-changing journey. With our expertise and personalized approach, we're here to guide you every step of the way, ensuring your real estate dreams become a reality. Whether you're buying, selling, or investing, trust us to provide the support and dedication you deserve.
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