Since the start of the financial crisis in December 2007 the volume of properties being repossessed by the main banks in Portugal has risen by 350 percent. Most of these properties are auctioned off by the banks.
Maybe it’s a good time to do some research and visit the small-to-medium size developments – located along the Algarve coast – with unsold stock. They may be very willing to make a favorable deal. Don’t forget the other ‘investment-potential’ regions within Portugal, the Silver Coast (Costa de Prata) for example.
Note: GJHassociates, although no longer fully active in estate agency business, can assist serious investors with their general research and [non-legal] due diligence, on a fee paying basis.