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Global viewr : Market Report – Madeira Portugal

WHAT’S AHEAD FOR THE HOUSING MARKET IN MADEIRA?

The economic aftermath of the coronavirus outbreak has been severe worldwide including Madeira. We’ve seen record unemployment numbers in Portugal as a whole and economists believe the country is headed toward a recession. However,   people still need a place to live in. So what effect will these factors have on the housing market?

Home Values Projected to Remain Stable

With low interest rates, real estate companies dealing mostly in the Madeira property domestic market are reporting that home values remain stable.

In the mainland continent of Portugal, the government is subsidizing the rental market by providing landlords guaranteed schemes based on 5-year lease rental agreements.

https://www.nobregarealty.com/newsdetail/madeira-is-now-a-good-time-to-buy-or-sell-real-estate-in-madeira-/3741