What will be the price of the house I'm selling or looking for after Covid-19?
The biggest question for Real Estate professionals on this day is to know what to tell their clients about what will happen to the prices of real estate in Portugal caused by the Covid-19 pandemic crisis and its consequences?
For many analysts and specialists from the most varied areas, such as professional associations, banks, appraisers, economists and journalists this has been, in a way, the main question these days not only in Portugal, but all over the world. In a way it is yet too early to answer this question conclusively, however some direct and indirect effects can already be seen in the real estate sector.
Somehow it is predicted that there will be some trend to hit the Real Estate market, but it does not mean that there will be a sharp drop. Real Estate has always been a thought-out and planned long-term investment, so we believe that prices will also adapt to the new circumstances and criteria in the search for the property. It is natural that there will be a price correction, but not just yet.