Text by Cerro Novo Properties
When we look back on the events of the last two years, few would have predicted that a global pandemic would have led to one of the most buoyant Portuguese property markets – ever. The dynamics of the market are the same today as in 2019: a shortage of supply and significant demand, but with the added dimension of international buyers requesting more space to facilitate home working or to generate an income. Many buyers also look to Portugal as a safe haven. A secure environment, stable economy, a robust plan for post-pandemic recovery and a plethora of incentives for overseas buyers.
So, what are we seeing on the ground? Firstly, content is key. In the last two years, we’ve invested even more in photography, video, digital marketing and personalised, virtual viewings. This is leading to many sales progressing without face-to-face client visits which is a real vote of confidence in our trusted team.
It’s also true to note that while the market is strong, we also know that buyers are realists. Overpricing causes overheating in the market and is not good for buyers or sellers, so we’re encouraging all parties to be sensible when setting a selling price or when placing offers.
Vendors should also consider exclusive listings. Cerro Novo are proud to offer a focused package of additional benefits or commission flexibility for exclusive clients.
If you are interested in selling, why not speak to one of our partners to arrange a personalised valuation and appraisal of your property? We’ll help you understand the value of your home, the potential market demand, and we’ll also highlight ways to maximise the final selling price.
With 40 years of expertise in the Algarve property market, you can trust Cerro Novo Properties for all your real estate needs. Find out more, and contact us via our website.
And, if you like what you read and are looking for a change or elevation in your career, why not talk to us? We’re always looking for motivated listers and property consultants to join our expert team. Email us your details to [email protected].
(+351) 289 510 790