RE / MAX records 2,000 million euros in transaction volume up to June, more than half of the total 2017 – Economy



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In a statement, the RE / MAX said that between January and June it processed 29,882 properties, "being the value generated by these 27.6% higher than the amount processed in the same period" of 2017, when real estate marketed 1, 6 billion euros.

"In a year when the real estate sector in Portugal should continue to record higher, it is the Portuguese who buy or rent the most of a house," he said, noting that Portuguese investors accounted for 84.2 % of RE / MAX Transactions.

Investors of Brazilian nationality come second, with a weight of 3.5%, followed by the French (2.7%), Chinese (1.4%) and British (1%).

RE / MAX "believes that a new factor will help stimulate the real estate market, especially among Portuguese investors", ie the fact that now banks are forced "to think on real estate loan contracts the negative values ​​of the Euribor ".

MaxFinance data, held by the Ganhar group of the RE / MAX group, show that "the lower the interest rate, the more the investor is willing to invest," said Manuel Alvarez, President of RE / MAX Portugal, quoted in the statement.

"The results of RE / MAX in the first half of this year confirm the good momentum of the Portuguese economy, which is reflected in several sectors, including real estate, Banco de Portugal, with a general improvement confidence levels and prospects for future real estate prices and more favorable financing conditions, there is an increase in the demand for housing of Portuguese households, as well as an increase in the demand for housing for non-residents, in a context of strong growth in residential tourism, "he adds.

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