Staff at Infinito Real are preparing for what has historically been their busiest month of the year for enquiries and purchases.
For the past decade, the Portugal-based group of property investors have seen a substantial increase in the number of enquires during the month of October.
Managing Director Stephen Anderson said the firm had already seen an increase of around 300 per cent in clients booking appointments and viewing trips in the last six weeks.
“A lot of people have spent the summer abroad and returned home to a cold UK with the idea of having a second home in the sun. The summer attracts scores of tourists to Portugal, a great many looking at property so, during this period, the prices are high as owners are optimistic and there is no real rush for them to sell with the rent ability factor high and an income almost guaranteed,” he said.
He added: “Once the peak season is over there are fewer tourists and subsequently less rental opportunities. This is the time owners are keen to sell their property and may be more willing to drop their price or accept an offer in order to secure a sale before winter arrives. With flights and hotel accommodation cheaper, October is the perfect time for a potential purchaser to look around to see what is available.”
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