Thursday, 19 June 2008 13:24
The average price of luxury developments in Portugal continues to increase with the highest values in the Algarve. This is one of the main conclusions of the study "Portugal-The Luxury Residential Tourism Market 2008". In the segment of residential luxury tourism the average price growth was of 18% in the apartments and about 19% in the Villas. In Condominiums with an integrated infrastructure management the average price increase was of 21% in the apartments and around 12,5% in the Villas. The luxury segment is pointed as a market niche, little explored and more stimulated in the last 3/4 years, being less vulnerable than the remaining real estate market.