Even though inflation has given the impression of drastic increases in prices, the real rate of change in housing prices is far lower. With prices dropping in the UK, Germany, Sweden, Australia, New Zealand, The United States and Canada, is Portugal to be the first EU country to see a decline in price during 2023?
Housing prices in Portugal are set to crash in 2023. Adjustable interest rates will pick up mortgage payments catastrophically.
The Irish housing market maybe different than the UK. Is buying a home in Ireland a great value now? What about Dublin compared to other large cities in the United Kingdom, is it more or less over valued?
The UK housing market is about to drop. Interest rates are climbing quickly and many home owners will have to remortgage their houses either in 2022 or 2023.
I was looking at buying a home in Portugal. Major interest rate hikes, higher monthly payments and increasing inventory makes you wonder if now is the right time? Did you recently buy a home in Europe?