Portugal has been singled out as one of the three best countries in which to live in post-COVID19 by Forbes. Alongside this, CBRE research, a globally renowned real estate provider, has predicted that by the end of 2022, GDP should have bounced back to 2019 levels. Additionally, the real estate sector has proved to be resilient to the pandemic. House prices have generally been on an upward trend, although there are exceptions such as in Lisbon city.
As a result of the pandemic, this has increased the negotiating power for the buyer. Because of this, there is the potential to secure property at a possibly cheaper price due to the wavering house prices.