According to the results which were reported by NM, 45.8% of the 3,478 respondents who responded admit a stagnation and 40.7% a decrease in house sales this year compared to 2023, with two-thirds (67.8%) arguing that there will be a decrease in interest rates - although they remain "too high".
In relation to 2023, the consultant points out that the majority of respondents (56.1%) admit that the expectations they had at the beginning of that year "were not met, with 50% admitting that the price was the factor that weighed most in the decision, 31.3% point to the location and 12.5% to the condition of the properties".
How much impact has the AL fiasco impacted the market and how much will it impact the market going forward. These figures are likely to be the tip of the iceberg with the AL issue yet to be felt .....
By Charlie N from Algarve on 09 Jan 2024, 21:20