Properties with reduced prices - 14-Oct-2009 |
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Market information
We are now entering a more stable time of the year, when the summer´s peaks flatten out, with life and business in the Algarve returning to a more sedate pace. Now is a good time to review the year to date, and try to predict what the last part of the year will bring.
Tourism figures, which are a key indicator, proved what was generally expected-whilst booking was left until later than we traditionally expect, the tourism industry exceeded many peoples expectations and is on course for a very good year (click http://www.the-news.net/cgi-bin/google.pl?id=1028-1 for the full story). It seems that tourists have aimed for safe, well known destinations such as the Algarve this year.
There is no doubt that the latter part of this year has been more positive than expected, but any recovery will be gradual and slow. Whilst all of the statistical indicators are not, as yet, available, the initial signs are showing that we have reached the bottom and are, in fact slowly on the up. The Algarve property market is still a buyers market, and, as ever, cash is king. The banks seem to be more flexible now, but are still fairly conservative with regards to their lending strategies.
The exchange rate (€ to £), has slightly weakened in the last month, but at the time of writing is on the increase again (source: www.xe.com).
Price reductions
As we have seen over the last few months, there are many fewer prices being reduced at present, as can be seen below. If the links do not work, use the reference numbers given to search in the property section of the website.
4 Bedroom Villa, 30.000m2 plot, stables, panoramic views, Loulé. Reference 1001-0994. Price reduced by 120.000 euros to 875.000 euros. For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1001-0994
3 Bedroom Villa, newly built, village location, São Romão. Reference 1025-0888.
Price reduced by 100.000 euros to 550.000 euros. For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1025-0888
4 Bedroom refurbished townhouse, centre of Loulé. Reference 1009-0784.
Price reduced by 44.000 euros to 256.000 euros. For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1009-0784
4 Bedroom spacious villa, edge of Loulé. Reference 1025-0918. Price reduced by 60.000 euros to 590.000 euros. For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1025-0918
In addition to these reductions, the owners of the following properties are prepared to consider offers:
2 bedroom house in a small village near Salir. Reference 1001-0578.
Current asking price 135.000 euros. For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1001-0578
Beautiful villa on a plot of 11.000m2, with fabulous views. Near Loulé. Reference 1009-0542. Current asking price 650.000 euros. For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1009-0542
New properties
We have added the following interesting properties to our portfolio recently:
3 bedroom villa, in Alportel, a small village. Price €250.000. Reference 1025-1078.
For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1025-1078.
4 bedroom villa, country location, currently being refurbished and updated. Reference 1025-0593. For full details please click here:
http://azul-properties.com/azul-properties/view.asp?ref=1025-0593
Please contact one of our sales staff if you require more information about any of these properties. |
