I’ve been thinking, read that as stressing, about house prices a lot lately. Are they dropping? and if there are, are they going to keep on dropping? There is no way to know the correct answer. If we weren’t going to Portugal the price of our house would be immaterial as we’d never be moving, but we are going to be selling eventually, and the price we gets affects what we buy over there. At the moment houses in our village are not selling very quickly and I check the property websites nearly every day and they don’t seem to be selling much either.
Dh tells me not to worry as we still have over 4 years yet and a lot can happen in that 4 years, so as of today I’m going cold turkey on the property sites and not looking at them. I’m going to concentrate on the thing that is in my control and that’s our house. I can get it looking so great that it’ll sell like lemons on pancake day (sorry that was the first thing I thought of!)
I’m going to create a plan and a budget this weekend for all the small jobs to do on the house. Not the major jobs that need doing, but the small jobs. If the nice weather keeps up I might start with the garden.
Further reading:
Falling Prices
House Price Crash
{ 3 comments… read them below or add one }
Hello there
Have you heard of the 7 year house price cycle
Dig deep and look at the historical information on house prices in your area.
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Come to Portugal im portuguese and we have plenty of sun and some rain also but its very good.
Come and practice portuguese
http://www.winonline.tugazone.net
http://www.tugazone.net
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Hello.
Very Nice blog, I am glad to see an other example of a foreigner investing in Portugal. I am French and did it last year. So glad I made the move
I started a blog about real estate in Portugal. I will try to give tips, explain how to buy, give figures about the market. Now my blog only have two posts but it is a baby how will growth cute and big lol.
If you want to have a look to get some tips, ideas, advices come and enjoy.
http://real-estate-porto.blogspot.com/
Take care and enjoy portugal.
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