Overview: Recently The international Finance Magazine Discussed about Value of Real estate market in southern Europian countries. Spain Greece, and Portugal with adding the Analyses report of Growth and Down rate of Real Estate market. Since the 2008 those countries are recovering their financial crisis by attracting a huge amount of foreign investors to invest in their countries.
Portugal
Property prices in Portugal are on the rise from the In third quarter of 2019, property prices in Portugal increased by 7.92% year-on-year. According to the report of international Finance Magazine, they said that seven years after the introduction of the Golden Visa program, Portugal has become the most popular property market in the euro zone, surpassing Spain. House prices are still relatively low compared to other European cities such as Paris, London, Amsterdam and Madrid. Rental yields in Lisbon are 4.5% – 6.7 incredibly high the growth of tourism and rental platforms such as Airbnb, the short-term rental market has become increasingly popular with investors, allowing owners to enjoy higher rental yields and increased flexibility.
Spain
While property prices in some of Spain’s major cities have fallen this year, overall house prices rose by 5.3% in June 2019. Madrid and Barcelona have always been top investment destinations for investors, but Malaga and Valencia have also become very popular in the last three years. Rental returns in Barcelona offer an average annual return of 5%. In 2019, 11 years after the financial crisis, property prices in Spain are still below their peak, meaning there is still plenty of room for capital growth.
Greece
While property prices in some of Spain’s major cities have fallen this year, overall house prices rose by 5.3% in June 2019. Madrid and Barcelona have always been top investment destinations for investors, but Malaga and Valencia have also become very popular in the last three years. Rental returns in Barcelona offer an average annual return of 5%. In 2019, 11 years after the financial crisis, property prices in Spain are still below their peak, meaning there is still plenty of room for capital growth.
Source and full report, online publication.
Read More: How to renew your Golden Visa residency card in Greece.