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A buyer’s market

Winkworth real estate agency is promoting the Algarve as a buyer’s market, stating that investors can now “scoop up overseas properties for 40% to 50% below market value”.

According to a spokesman from Winkworth, there are a “substantial” number of sellers who will be willing to accept a reduced amount for their property in the Algarve thanks to the current economic climate.

“There are a substantial number of overseas property sellers (developers and private) that must sell – and many will sell for the amount of the original loan, which could be a fraction of the property value,” said the spokesman.

For further information about properties for sale with Winkworth Portugal at reduced prices, please call 282 356 952