The worst places to purchase real estate in Portugal is everywhere. Only reason to purchase in a country with declining population and an influx of poor people non stop, is if you plan to live in that particular house /apartment for 20 years at least. The purchase prices in Portugal compared to rental cost is just insane.
With that logic you cant be houses in every Eurepean countries, all the citys mentioned in the video are great to purchase houses but you need to have money... like my grandfather used to say "that thing is not expensive the problem is that you are poor" xD
In Madeira in low level area St.Marthino 2 bedroom apartment not renovated on Venezuela St. in April 2024 the price was €128000-€135000. Now €195000-€248000. Russian Real Estate companies from London and Zurich. Also last summer China and Madeira signed probably to be on CCP SILK ROAD, so Chinese nationals are buying cheap and selling double at very short term for fast cash creating a bubble and the young population on the island do not have access to property. Portugal should follow SPAIN, 100% TAX for foreigners.
Torres Vedras is one of the best value for money in Portugal (and only 35 minutes away from Lisbon). Beautiful beaches and Mountains. Looking to buy there soon.
Bought in Madeira last year, Funchal no less. It was expensive, but it's a very nice small villa. The thing is you need to look at these local markets with an eye on supply and demand as well as comparable international locations. Madeira is still about 50% cheaper than other semi-tropical beautiful islands, so people hoping for a crash are going to be waiting a long time. The only thing that will change that would be reducing demand by doing something like Spain is proposing with punitive tax measures. The thing is, for local people to buy houses, they need money. Many island locations don't have a large enough economy outside of tourism to provide good wages, so if they start harming the tourism industry people still wouldn't have enough income to buy houses even 50% cheaper.
Since I made a video on Slovakia around 16-17 months predicting falls these have duly happened. I intend to revisit this market in the next 2/3 months.
Thanks again for your wonderful videos, I always look forward to them! I have always loved Madeira and Lisbon, lovely views, great weather and even greater people. Some of the most welcoming and lovely people. I was hoping to buy there as a lifestyle purchase some day but the prices are really too high now. I was wondering if there are other similar places to Madeira/Lisbon you would recommend in Portugal, or some other places in other EU countries that you think are similar but better priced?
Many thanks for tour feedback Kay. I did make a video on the best 5 places to buy real estate in Portugal so that might help. Otherwise another video on the 10 best places to buy real estate in Italy may also help.
Porto is a wonderful city. Unfortunately prices have like the rest of Portugal have increased a lot. Prices are around 4000 Euros per sqm on average which I think is very high although not as bad as Portugal. I persoanlly would wait for prices to drop.
Yeah and thanks to this prizes staying in those cities just for a few days is also expensive as hell. If you want something good and not a hostel you seldom find anything under 95€/ night.
@saveandinvestwithgiorgiolo8375 prizes to rent a hotelroom or ab appartment for vacation. Cascais and Estroil are extreme expensive in my opinion. Sintra on the other hand i was surprised. That it was not that expensive. I am just planing my vacation for september. Porto/Sintra/Lissabon 13 days together.
Lisbon used to be high on my list of retirement destinations, but property values have skyrocketed over a relatively short timespan. I'm waiting for the bubble to burst in many of these places on your list. Great video, Giorgio!
Dont forget a lot of chinese buyers and american private equity have been buying up lots of property in portugal in past few years and will now probably be looking to sell this at top dollar due to increase in interest rates and liquidity problems in china...
@saveandinvestwithgiorgiolo8375 I'm far from an expert but I note when I lived in Algarve for 5 months it seemed the shortage of stock was caused more by red-tape/ strict requirements for construction even more than short term rental
@@saveandinvestwithgiorgiolo8375 Realistically, I have never seen properties go down is a consistent basis. They may go down slightly, as temporary adjustments are made, but the long-term trend is always up. For those who can afford it and want a beautiful place to live the time is always now. For those whose interest is more speculative it becomes a different ballgame. They're not looking for a stable place to invest or live in. They're looking to make a fast buck. To all, regardless of your motives, good luck!
Before watching I'm going to say Praia Da Rocha. Geared up for cheap English tourists and overpriced. I absolutely can't stand Albufeira too. Maybe you will say Cascais but atleast it has an element of class
The change will only come when foreigners are forbidden to buy at will. Golden visas should be forbidden. Digital nomads should be no longer accepted. Local people cannot afford not even the rent. Buying is not even considered. Keep that in mind.
@saveandinvestwithgiorgiolo8375 True, I agree it's a terrible place for investment. My comment was more on the quality of location which isn't really the topic of your video
Definitely not worth 8-10k per sqm though 😂😂😂😂 I just don't like Portugal full stop. I bought brand new in Chania Crete a year ago for 2600 per square metre and it's nicer than anywhere in Portugal
@saveandinvestwithgiorgiolo8375 We are happy here as a family. Golden visa from Australia before it recently pumped to 800k. Crazy and now out of reach for anyone other than the rich
Golden visas should be banished all over. You guys complain about prices and don't even think you are part of the reason these prices are getting higher and higher. I am SURE 2600 is way too expensive for Greek people. But who cares, right?
Greetings from Estoril...Orginally from Texas...Been a legal resident here since 2016...I have traveled throughout the country, advid hiker...I can say nowhere is a good value as an investment in 2025. The factors are...No price discovery or Real Value for the properties...Taxes...Cost of Material or to rebuild Ruinas is sky high...Local Camara schemes...I lived in Ponte de Lima for a year...Heck getting the water turned off took me hiring an advogado, in fact I have had to use one for just about every situation that has come up...Including residence...It's a pay to play country where the Winners are The Government, Central Banks and the Connected Classes have enriched themselves with Perpetual Chaos and Destruction...But Hey if you have 4 million euros plus to throw away...I suggest Avenida Sabóia in Monte Estoril...Plenty of Empty new Units built with more on the way...Come to Portugal and rent, then get out in it's Beautiful Nature...This is priceless and free, hiking wink wink...Boa Sorte...🇵🇹😉👌
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The worst places to purchase real estate in Portugal is everywhere.
Only reason to purchase in a country with declining population and an influx of poor people non stop, is if you plan to live in that particular house /apartment for 20 years at least.
The purchase prices in Portugal compared to rental cost is just insane.
Agree Henrick. Too many areas of Portugal have high property prices.
With that logic you cant be houses in every Eurepean countries, all the citys mentioned in the video are great to purchase houses but you need to have money... like my grandfather used to say "that thing is not expensive the problem is that you are poor" xD
@@henrik4438 I was stunned by the rental cost in Algarve compared to local wage. I really felt for them
@ precisely!
@@ajdrums8075 Property prices are very high as well.
Spot on, as usual. Compared to other options in Europe, the value for money aspect of properties in these portuguese cities are long gone...
Many thanks DreamWorkDrive. Yes these prices are too high.
In Madeira in low level area St.Marthino 2 bedroom apartment not renovated on Venezuela St. in April 2024 the price was €128000-€135000. Now €195000-€248000. Russian Real Estate companies from London and Zurich. Also last summer China and Madeira signed probably to be on CCP SILK ROAD, so Chinese nationals are buying cheap and selling double at very short term for fast cash creating a bubble and the young population on the island do not have access to property. Portugal should follow SPAIN, 100% TAX for foreigners.
Portugal might well do the same as Spain.
Thank you for the excelent information !!!
My pleasure Wilton
Torres Vedras is one of the best value for money in Portugal (and only 35 minutes away from Lisbon). Beautiful beaches and Mountains. Looking to buy there soon.
Yes good compared to many areas in Portugal but still well over 2000 Euros per sqm on average.
Many of the buildings in the Lisbon area stink as well due to outdated plumbing.
Prices are just too high in Lisbon given the local salaries.
Bought in Madeira last year, Funchal no less. It was expensive, but it's a very nice small villa. The thing is you need to look at these local markets with an eye on supply and demand as well as comparable international locations. Madeira is still about 50% cheaper than other semi-tropical beautiful islands, so people hoping for a crash are going to be waiting a long time. The only thing that will change that would be reducing demand by doing something like Spain is proposing with punitive tax measures. The thing is, for local people to buy houses, they need money. Many island locations don't have a large enough economy outside of tourism to provide good wages, so if they start harming the tourism industry people still wouldn't have enough income to buy houses even 50% cheaper.
Thank you for your feedback.
Thanks for the video. What are thoughts about Slovakia ?
Since I made a video on Slovakia around 16-17 months predicting falls these have duly happened. I intend to revisit this market in the next 2/3 months.
Thanks again for your wonderful videos, I always look forward to them! I have always loved Madeira and Lisbon, lovely views, great weather and even greater people. Some of the most welcoming and lovely people. I was hoping to buy there as a lifestyle purchase some day but the prices are really too high now. I was wondering if there are other similar places to Madeira/Lisbon you would recommend in Portugal, or some other places in other EU countries that you think are similar but better priced?
Many thanks for tour feedback Kay. I did make a video on the best 5 places to buy real estate in Portugal so that might help. Otherwise another video on the 10 best places to buy real estate in Italy may also help.
@saveandinvestwithgiorgiolo8375 thanks Giorgio, I'll check these out!
No problem Kay.
I bought in Madeira almost two years ago and have gotten a good return on my investment.
But, you are correct, prices have gone up significantly.
You did very well!!!!!!
😮 I’m shocked but say thanks for this. My favorite in the past was Cascais. It was my place to buy. But now ufffggghhh 😮
Thanks. You need one hell of a budget to buy in Cascais.
What are your thoughts on Porto?
Porto is a wonderful city. Unfortunately prices have like the rest of Portugal have increased a lot. Prices are around 4000 Euros per sqm on average which I think is very high although not as bad as Portugal. I persoanlly would wait for prices to drop.
The worst places to purchase real estate in Portugal is everywhere.
I seem to be getting a lot of similar responses from other viewers.
Yeah and thanks to this prizes staying in those cities just for a few days is also expensive as hell. If you want something good and not a hostel you seldom find anything under 95€/ night.
May I ask what you mean by this prizes. Thanks.
@saveandinvestwithgiorgiolo8375 prizes to rent a hotelroom or ab appartment for vacation. Cascais and Estroil are extreme expensive in my opinion. Sintra on the other hand i was surprised. That it was not that expensive. I am just planing my vacation for september. Porto/Sintra/Lissabon 13 days together.
OK you meant prices. Thanks
Lisbon used to be high on my list of retirement destinations, but property values have skyrocketed over a relatively short timespan. I'm waiting for the bubble to burst in many of these places on your list. Great video, Giorgio!
Thanks Mike. I believe prices in these places at some point will come down.
Dont forget a lot of chinese buyers and american private equity have been buying up lots of property in portugal in past few years and will now probably be looking to sell this at top dollar due to increase in interest rates and liquidity problems in china...
James they may have difficulty finding buyers at these prices.
@saveandinvestwithgiorgiolo8375 absolutely.
Perhaps a crash on the way.
@saveandinvestwithgiorgiolo8375 I'm far from an expert but I note when I lived in Algarve for 5 months it seemed the shortage of stock was caused more by red-tape/ strict requirements for construction even more than short term rental
@@ajdrums8075 Not sure about that as there has been a fair bit of building. Maybe a topic for another video.
You cloud put subtitles in portuguese, there are people who don't understand english
I am not sure how to do that. Will try to find out.
Unfortunately, there continues to be more buyers than sellers. I think we all know what this means.
Not for much longer especially in these places.
@@saveandinvestwithgiorgiolo8375 There are only three rules in real estate: location, location, location!
There comes a time where property reaches it peak and then goes down.
@@saveandinvestwithgiorgiolo8375 Realistically, I have never seen properties go down is a consistent basis. They may go down slightly, as temporary adjustments are made, but the long-term trend is always up. For those who can afford it and want a beautiful place to live the time is always now.
For those whose interest is more speculative it becomes a different ballgame. They're not looking for a stable place to invest or live in. They're looking to make a fast buck. To all, regardless of your motives, good luck!
Thank you for your feedback Joseph. There have been house price crashes in the past and it can happen in the future as well
Best place : Lisbon, best services, best increase in price.
Great place Lisbon but prices have increased a lot and I do not see this going on for too much longer.
Before watching I'm going to say Praia Da Rocha. Geared up for cheap English tourists and overpriced. I absolutely can't stand Albufeira too. Maybe you will say Cascais but atleast it has an element of class
That is fine AJ everyone is entitled to their own opinion.
To be honest, I think Russian and Ukrainian now is more commonly spoken in Cascais than English.
I still think English is the main language outside of Portuguese but yes you are hearing more and more of this languages.
E se fossem especular para a pqp?!
???
Thank you I can't help but wonder if and when a change will come. Your research is always appreciated 😊
The change will only come when foreigners are forbidden to buy at will. Golden visas should be forbidden. Digital nomads should be no longer accepted. Local people cannot afford not even the rent. Buying is not even considered. Keep that in mind.
Many thanks Maria
You talked about everything except real estate. Just clichés blah, blah blah.
So I guess real estate prices are not important!!!!!
Hahaha you said Cascais. Atleast it feels Portuguese 😅
There are though quite a number of expats as well.
@saveandinvestwithgiorgiolo8375 True, I agree it's a terrible place for investment. My comment was more on the quality of location which isn't really the topic of your video
OK.
Not anymore everything even Madeira to a lot trouble my friend
O melhor é comprares no rio de janeiro e deixa de criticar PORTUGAL
Yes Rio is a better bet.
Definitely not worth 8-10k per sqm though 😂😂😂😂 I just don't like Portugal full stop. I bought brand new in Chania Crete a year ago for 2600 per square metre and it's nicer than anywhere in Portugal
Chania is nice and you 2600 Euros per sqm is not expensive. Much better value for money than Cascais.
@saveandinvestwithgiorgiolo8375 We are happy here as a family. Golden visa from Australia before it recently pumped to 800k. Crazy and now out of reach for anyone other than the rich
@@ajdrums8075 Well done for getting it before it pumped up so much.
Golden visas should be banished all over. You guys complain about prices and don't even think you are part of the reason these prices are getting higher and higher. I am SURE 2600 is way too expensive for Greek people. But who cares, right?
In fairness the Greek Government has increased the figure significantly.
Whole of portugal is waaay too expensive for what it offers.
Yes agree although some places are much worse than others.
Greetings from Estoril...Orginally from Texas...Been a legal resident here since 2016...I have traveled throughout the country, advid hiker...I can say nowhere is a good value as an investment in 2025. The factors are...No price discovery or Real Value for the properties...Taxes...Cost of Material or to rebuild Ruinas is sky high...Local Camara schemes...I lived in Ponte de Lima for a year...Heck getting the water turned off took me hiring an advogado, in fact I have had to use one for just about every situation that has come up...Including residence...It's a pay to play country where the Winners are The Government, Central Banks and the Connected Classes have enriched themselves with Perpetual Chaos and Destruction...But Hey if you have 4 million euros plus to throw away...I suggest
Avenida Sabóia in Monte Estoril...Plenty of Empty new Units built with more on the way...Come to Portugal and rent, then get out in it's Beautiful Nature...This is priceless and free, hiking wink wink...Boa Sorte...🇵🇹😉👌
I think renting now in most of Portugal now is the sensible option.