Hit hard by the European banking crisis and the contraction of access to credit, Portuguese real estate market has experienced large declines, a lesser extent than its neighbor Spain. During the bubble of 2006, prices have indeed reached extreme height in Spain, which has never been the case in Portugal confirming a safer and more stable real estate market in Portugal. In May 2013, Organization for Economic Co-operation and Development (OECD) has listed Portugal as one of the most favorable countries in the world to buy and own real estate. The entry price for a villa with pool in Northern Portugal is 159,000 euros. For the same price you can have a 2 bedroom apartment in the south of Portugal. The average price in Portugal is 7 times cheaper than that in the UK and half of the price in Spain, which is very competitive considering the quality of architectures and living environment in Portugal. Now there are more than 700,000 properties for sale in Portugal market, offered by private owners, banks, real estate companies or agencies, and different funds, thus contributing to a very deep and liquid real estate market.
10 Advantages Investing Portuguese Real Estate