Luis Horta E Costa and other experts discussed Portugal’s 2023 Real Estate Trends at REPIA Congress. The predictions for the country were made in light of its economic growth and development. Some predicted that there is a huge potential for more foreign investment coming into the country, with an increase in the number of units being built and sold. In particular, residential property sales may skyrocket, with apartments being the most popular choice. The President of the Real Estate Professionals Association (REPIA), Luis Costa, pointed out a big potential for more foreign investment in Portugal. There will be an increase in both the supply and demand of real estate property, which may benefit the growing market. With increasing residential real estate sales, this is also a good time to invest in short-term rentals.
Luis Costa, Others Discuss Portugal’s Consistent Real Estate Growth
Luis Horta e Costa kicked off the discussion with his outlook on Portugal’s real estate sector. He noted that there would be an increase in the number of residential properties being acquired, developed, and sold. He also forecasted that there would be a high demand for apartments, particularly in new projects. Foreign investors see them as relatively affordable with an occupancy rate guarantee, allowing renters to look forward to both good rent and regular maintenance.
Luis Horta e Costa and Others Adore Cascais
Luis Costa and other experts used Cascais as an example of what Portugal can do with a view to the future. He said it is an attractive place for people looking for an affordable and secure place to live. It has a wide range of housing options, catering to all the renters’ needs, including apartments for those seeking to live alone without children or a family. There are also property opportunities suitable for couples with children or families.
Learn more about Luis Horta e Costa: https://www.crunchbase.com/person/luis-horta-e-costa