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Starting our 41st year with a bang!

Despite everything we’ve experienced,  few would have predicted that the global pandemic would have led to one of the most buoyant Portuguese property markets we’ve ever seen.

The dynamics of the market are the same today as back in 2019: a shortage of supply and significant demand, but with the added dimension of international buyers requesting more space to facilitate home working or to generate an income.

Many buyers rightly consider Portugal as a safe haven. A secure environment, stable economy, a robust plan for post-pandemic recovery and a plethora of incentives for overseas buyers. 

So, what are we seeing on the ground? Firstly, content is key. In the last two years, we’ve invested even more in photography, video, digital marketing and personalised, virtual viewings. This is leading to many sales progressing without face-to-face Client visits which is a real vote of confidence in our trusted team.

It’s also true to note that while the market is strong, we also know that buyers are realists. Over pricing causes overheating in the market and is not good for buyers or sellers, so we’re encouraging all parties to be sensible when setting a selling price or when placing offers.

If you are interested in selling, why not speak to one of our Partners to arrange a personalised valuation and appraisal of your property? We’ll help you understand the value of your home, potential market demand and we’ll also highlight ways to maximise the final selling price. 

We also encourage vendors to consider placing Exclusive listings with us. Cerro Novo are proud to offer a focused package of additional benefits for Exclusive Clients with up-weighted marketing frequently leading to quicker and more successful sales.

With 41 years of expertise in the Algarve Property Market, you can trust Cerro Novo Properties for all your Real Estate needs. Find out more, and contact us via www.CerroNovo.com

If you like what you read and are looking for a job change or elevation of your career, why not talk to us? We’re always looking for motivated Listers and Property Consultants to join our expert team. Email your details now: careers@cerronovo.com