Michael O'Leary gets confused over Portugal travel rules

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Portugal has become much more expensive for expats. The country’s property market has gone up, increasing by 56.8 percent since 2010.

Properties in Portugal have become much more expensive.

Whether buying or renting, the property market has gone up all over Europe.

In Portugal, the rise was of 56.8 percent, according to Eurostat.

Europe in general has seen its properties go up by 39 percent.

British expats looking to move to the south of Europe will be happy to learn four countries have seen their house prices fall.

Expats’ favourites Greece, Italy, Spain and Cyprus have all seen reduction in the price of properties.

It was also cheaper to rent in Greece and Cyprus, but more expensive everywhere else.

Portugal properties are more expensive both to buy and to rent.

But the 56.8 percent rise didn’t make the country top of the house price index.

Portugal came 11th, despite the rise in price for properties to buy and an increase of 25 percent for rentals.

British expat Becky said: “Housing is reasonably priced if you are happy to live away from the popular villages and towns.

“Electricity and water is expensive, unless you are lucky enough to have your own well and solar panels.”

Some European countries saw their house prices more than double since 2010.

Estonia, Hungary, Luxembourg, Latvia and Austria have seen an incredible rise in property prices.

It’s not all bad in the Portuguese property market and expats can still find some bargains.

It was reported that half of properties in Portugal are worth less than €50,000 (£41,500).

Britons looking for a bargain should go inland, according to experts, with three municipalities accounting for 96 percent of the low price houses. 

Alcoutim, Corvo and Mértola are the cheapest places to buy in Portugal.

At the other end of the market, there are 2,937 properties valued at over one million euros.

The most expensive locations in Portugal were Lisbon, Cascais and Loulé.

Website International Living had some suggestions for expats looking to relocate to Portugal.

They said the best places to move to were Lisbon, Porto, the Silver Coast, Lagos and Tavira.

They also recommended expats avoid Monsanto and the Alentjo.

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