14 January 2020
English
Selling a house in Lisbon can be a great challenge because, as in all businesses, the main objective is to make the best possible deal with the highest possible profit (within the appropriate limits). It is a process that is not considered difficult but rather very complex for those who are not in the real estate sales area, involving several bureaucratic issues that require time and dedication, the mastery of some knowledge in the area and, also, consideration, calm and patience.
Taking into account the forecasts of the Portuguese real estate market for the year 2020, there are very important aspects to consider if you want to sell a house in Lisbon.
Currently, Euribor rates are low and the forecasts are to be maintained, as well as spreads that are with attractive values. As it is a positive moment to obtain mortgage loans due to the lower financing costs, it is a good opportunity to sell a house in Lisbon. All of this is also due to competition at the level of banks and economic stability that has developed in Portugal.
The Portuguese real estate market is going through a dynamic phase that is characterized by the recovery of the real estate construction market and the potential consent for new licenses. These factors will increase the demand for a home by those who want to buy with the increase in the offer of properties for sale, while also creating competitive values.
In recent times, especially after the crisis, foreign buyers and investors have been looking for properties in certain locations, namely in the center of Lisbon, Porto and Algarve. Take the opportunity to sell a house in Lisbon because, since the demand is high on the part of citizens with high economic power, the property values in these locations have increased. As there is little supply in these locations, it is expected that the values will remain, being an excellent time to sell your home. There are many people who wish to live in the capital!
In the case of those who want to buy a house but do not have great economic means, they are already starting to think about the peripheral areas. However, it is noted that houses located on the outskirts of cities are also starting to have slightly higher values due also to the increase in requests for licensing and construction in these areas.
The Portuguese economy and the real estate market are growing and stable. However, you should be aware of the international situation, which includes geopolitical issues such as the attacks between Iran and the US, or the UK's withdrawal from the European Union, which may influence the dynamics of other countries, particularly Portugal.
The buying and selling sector is a very challenging market for those who sell at the highest price to generate profit and for those who buy at the lowest price for quality.
The best advice for making a home purchase and sale deal is your real estate consultant who has a vast knowledge of today's market and the ideal marketing methods to make the best deal.
This advice is especially for those who want to buy a property. Banks only finance up to 90% of the purchase of the property (or the valuation thereof) if it is not bank property. It is essential to have savings or a share of money for the entrance to the house, deed and other expenses that are necessary and may arise.
The buyer should start by accounting for his monthly charges and credit costs and consider either combining the credit into one (consolidated credit) or renegotiating his mortgage credit. As the spread and other mortgage rates are currently lower, with these adjustments you may be able to save some money that can be used to build up savings.
To sell your house in Lisbon at the best price, contact Buy House Portugal!
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