Investing in the real estate market in Faial Island is a great opportunity in Portugal.
The Property Purchase and Sales Market in Portugal remains buoyant and in the third quarter of 2019 saw a 2.5% rise in property prices, standing at 1,981 euros per square meter (m2), according to the price index presented. on the Idealista website.
All regions of the country saw a quarterly price increase except for Alentejo, which fell by 1%. The site highlights the Autonomous Region of the Azores, which saw prices grow by 4.1%. This is followed by the North (2.7%), the Lisbon Metropolitan Area (2.7%), the Autonomous Region of Madeira (1.8%), the Algarve (1.4%) and the Center (1% ).
But while investing in the Lisbon district can cost 3,223 euros per m2, in the Faro District 2,183 euros per m2 and in the Porto District 1,869 euros per m2, with an average value of 743 euros per m2, one of the smallest in Portugal, investing in Faial Island can be a great option for those who want to take advantage of the growth opportunities of the real estate market in Portugal by investing in smaller capital or with the possibility of investing in larger projects or on several fronts.
As in any region, the value of the square meter may vary depending on the location and characteristics of real estate and nearby infrastructure. To learn more about the market opportunities and value of your property, contact Imofaial.
Read the full article from Idealista at https://www.idealista.pt/news/imobiliario/habitacao/2019/10/01/41033-preco-das-casas-sobe-2-5-em-portugal-no-terceiro-trimestre-de-2019-e-o-menor-aumento