What are the Prospects for the Portugal Market?

Question

Hi All!I hope everyone is enjoying the Holiday season!I'm looking into the Portugal market for investment. I wanted to know your guy's thoughts, I have heard some conflicting information that Portugal is already at its peak and prices are going to drop in the near future. Please share your thoughts and experiences!

Alexandre Pita · Answer

Lots of regions in Portugal still have a lot of progression potential. Mainly in the suburbs of big cities.

I invest in the suburbs of Lisbon, and there are lots of good deals, and growing markets.

If you look for the big cities (Lisbon, Oporto, Coimbra, others) the market might have reached peak point, yes.

Luís Ferreira · Answer

From my point of view, there is a correction of timing to sell properties but a drop in the prices for near future doesn´t look possible.

Riaan Knoetze · Answer

@Mary Lev - What sort of investing are you looking to do - rentals, flipping, short term lets, new buildings, something else? And which areas are you considering?

Mark C. · Answer

@Mary Lev, take a look at this post, there are a few of us starting to get together in Portugal. No details yet, but follow the thread ...
https://www.biggerpockets.com/forums/76/topics/658137-property-investment-in-portugal?highlight_post=4105135&page=1#p4105135

What are the Prospects for the Portugal Market?

What are the Prospects for the Portugal Market?

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