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@chrismedeiros3201
Жыл бұрын
I was happy to hear individuals moving to reside in Portugal play a negligible part in effecting home prices. I'm also glad to learn some of the other stats you mention. Hopefully Portugal won't become just a rich person's option.
@ItllBeFun
Жыл бұрын
Ola Chris, We agree with you completely. We are also glad that our message was understood. Thank you for being here. We could not do this without you. Alan and Leslie
@tamaramadelin4831
Жыл бұрын
Great info! I still think there are deals out there, but you have to do the footwork and find them...We did! I feel so lucky to have bought our home when we did! Our mortgage is less than the rentals we were finding and our loan is fixed...That is key!!
@ItllBeFun
Жыл бұрын
Olá Tamara, Thanks for watching and supporting our channel 😀. Sounds like you did great. Obrigado Alan, Leslie and Wolf
@seinfeldcostanza9433
Жыл бұрын
When did you buy your home? Maybe before the high price wave started?
@tamaramadelin4831
Жыл бұрын
July 2022...We got lucky I think!! Great deal, beautiful area (Torres Vedras), super banker/realtor, smooth process, great loan, etc...Like I said, we feel lucky!!
@TedH71
Жыл бұрын
Two countries have banned foreign property investment in residential housing. New Zealand and one more which name escapes me right now. New Zealand now requires any buyer of property to live in the country for several years and to invest in it as well. They are banning certain countries that are well known for buying property and turning them into investments and allowing others including locals to be more involved in property purchasing. Keep in mind, NZ has one of the highest cost of living areas with houses regularly being over $1 million in the big cities...Auckland in particular. As of now, they do not allow nomad visas for work purposes or whatnot. Perhaps Portugal needs to consider doing this. Allowing only people who ACTUALLY are living in the country after a certain time period to purchase property and after they've proved themselves.
@ItllBeFun
Жыл бұрын
Ola Ted H Thanks for watching and supporting our channel. Great information. Sounds like a good plan. Have a wonderful day Leslie and Alan
@billingram4317
Жыл бұрын
Great video Alan and Leslie. I sure hope the prices stabilize or go down. We noticed on Idealista that some apartment prices were raised $20-$40K. Maybe they listed with a new realtor? Thank you for keeping us informed.
@ItllBeFun
Жыл бұрын
Hi Bill, Yeah, that is happening a lot right now. Everyone is riding the up, but it can't be sustainable. We will wait and see. also note you will see lots that are being taken down as well. The market will level out. Thanks for watching Alan, Leslie and Wolf
@alangorsuch6508
Жыл бұрын
We hope you enjoy this one. We like pulling together this type of information.
@ItllBeFun
Жыл бұрын
Yes we do
@christobar
Жыл бұрын
@@ItllBeFun lol
@cbenson513
Жыл бұрын
Some interesting statistics and points to consider. Thank you for the research and the great video footage of another one of Madeira's seemingly endless supply of beautiful places!
@ItllBeFun
Жыл бұрын
Olá Chris, Thanks for the continued support of our channel. We are glad that you liked it It is awesome here! Obrigado Alan, Leslie and Wolf
@gardeningwithleslieandalan1544
Жыл бұрын
This is such a beautiful area. We hope you like it as much as we do. Leslie
@ItllBeFun
Жыл бұрын
Thanks for the continued support 🙌
@rogeriodossantos7806
Жыл бұрын
Well done Alan enjoy every moment in Madeira,we love you’re videos.
@ItllBeFun
Жыл бұрын
Olá Rogerio, Thanks for the continued support of our channel 😀. And for the kind words. Obrigado Alan, Leslie and Wolf
@markrodgers9527
Жыл бұрын
Another great video Team Gorsuch! It’s my weekend treat with my morning coffee! And nice to see you Alan on the other channels! That Founding Fathers video by Jeff looked like it would have been fun to be part of!🍷 have a wonderful weekend!
@ItllBeFun
Жыл бұрын
Olá Mark, Thanks for the continued support of our channel 😀. It was fun doing that with Hit The Road. Maybe something in the future. Obrigado Alan
@lifehealthcoaches5422
Жыл бұрын
Good job Wolf!
@ItllBeFun
Жыл бұрын
Keep it going
@paxwolf3665
Жыл бұрын
Always enjoy your videos. I see fries as sides to many food dishes. The short clip of them in this video prompts a question. Is there ketchup in Portugal?! (Yes. I'm serious.) I never see ketchup. Thanks, Jim
@ItllBeFun
Жыл бұрын
Olá Paxwolf, Thanks for watching and supporting our channel 😀. Yep, you can get Ketchup. Obrigado Alan
@seinfeldcostanza9433
Жыл бұрын
Hahaha... Nice legit question!
@paxwolf3665
Жыл бұрын
@@ItllBeFun Thanks Alan. Portugal, Madeira in particular, is where I'll be in late spring/early summer to live. Glad ketchup exists there. Can't live without it!
@KhonsStudio
Жыл бұрын
Hi Alan, it’s great to see you guys around town. We live down from Conde Carvalhal and just saw you 🙂. I waved but doubt you saw me. Keep up with the great content. We were fortunate to purchase our dream home right before prices skyrocketed here in Funchal. It is fantastic living here.
@ItllBeFun
Жыл бұрын
Olá Khons studio, Sorry for missing the waves 👋. Perhaps we can meet up sometime. Thanks for watching and supporting our channel 😀. Alan,Leslie and Wolf
@joaopaulonunespedreiro1066
Жыл бұрын
Great effort guys!! Thanks for keeping us abreast with such valuable info. Great info and video work. Stay blessed and keep up your great work. Chão Amigos!!
@ItllBeFun
Жыл бұрын
Ola Joao Paulo Nunes Pedreiro, Thank you for your support. Have a wonderful day, Alan
@ruinunes8251
Жыл бұрын
Allan, your Portuguese friend is right, prices and demand is really high at the moment. Just have a look at prices in Calheta, specially in Arco da calheta.
@ItllBeFun
Жыл бұрын
Olá Rui, Thanks for the continued support of our channel 😀. We will have to wait and see where it goes from here. Obrigado Alan, Leslie and Wolf
@seinfeldcostanza9433
Жыл бұрын
Thanks for showing Porta da Cruz. That side is one lovely place!
@ItllBeFun
Жыл бұрын
Olá Seinfeld Costanza, Thanks for the continued support of our channel 😀. It is a nice place. We like the views there, too. Obrigado Alan, Leslie and Wolf Alan, Leslie and Wolf
@seinfeldcostanza9433
Жыл бұрын
@@ItllBeFun great market analysis there @It'll Be Fun team....
@Irbdude
Жыл бұрын
I have noticed many more properties coming on the market and many price cuts. I see a short to medium term price correction on Madeira based on Idealista.
@ItllBeFun
Жыл бұрын
This year will be interesting for sure. Thanks for watching, Scott. Obrigado Alan
@Irbdude
Жыл бұрын
@@ItllBeFun thanks Alan! I’m planning my exploration trip now, hopefully I will be in Madeira within a month!
@screenrec
Жыл бұрын
Hello. Thanks for the video. Isn't there a lot of property left unoccupied because of inheritance problems? Missing owners, disagreements between family member etc.
@ItllBeFun
Жыл бұрын
Ola C Sze, Yes, there are lots of older properties and ruins that could be available if the family decided to sell. When they do, the prices are high for what you get. These properties tend to need complete updating and were not build to a standard. Have a wonderful day Leslie and Alan
@ruinunes8251
Жыл бұрын
The demand for properties is so much that even a wreck sells for stupid high prices, specially if it is traditionally stone made
@danthechauffeur1323
Жыл бұрын
Thankyou for another fantastic video Alan. All the best to you and yours.
@ItllBeFun
Жыл бұрын
Olá Dan, Thanks for the continued support of our channel 😀. And you kind words as usual. Obrigado Alan, Leslie and Wolf
@christobar
Жыл бұрын
Demand sets prices, and demand from foreign buyers looking for investment properties certainly have made prices higher, but the raw number of them wouldn't be enough to cause a 40% increase from 2019. There probably will be a small decline over the next two years, but over the long term places like Madeira, Azores, and northern Portugal will only have more demand as the climate gets hotter and less water is available.
@ItllBeFun
Жыл бұрын
Olá Christobar, Thanks for watching and supporting our channel 😀. It's going to be worth watching for sure. Obrigado Alan, Leslie and Wolf
@300rivers7
Жыл бұрын
You're right. We should have done this sooner!
@ItllBeFun
Жыл бұрын
Olá 300 Rivers, Thanks for watching and supporting our channel 😀. Better late than never. Obrigado Alan, Leslie and Wolf
@craftbrewer4032
11 ай бұрын
Here's something interesting. If you overprice a property to the point that it makes people laugh it's so high, interest in that property falls off a cliff no matter how far you drop in price over time. A perfect example is a property That went on sale for 1.1 million US, and three years later, when the owner was bleeding cash, sold for $360,000 but was still trying to get $450,000. Boo Hoo, greed doesn't pay off
@ItllBeFun
11 ай бұрын
And we have all seen people price at what they need to have not what the property is worth or even what the market will bare.
@leslieplantlady
Жыл бұрын
You did it again!!!!!
@gardeningwithleslieandalan1544
Жыл бұрын
Yep!
@ItllBeFun
Жыл бұрын
Thanks for watching
@calfraiseking
Жыл бұрын
Another great video! Love it guys
@ItllBeFun
Жыл бұрын
Olá James, Thanks for the continued support of our channel 😀. Glad you liked it! Obrigado Alan, Leslie and Wolf
@vikotto
Жыл бұрын
I really enjoy your videos, you address good topics and your voice is calming. But, the background music leaves much to be desired. It may be just me, but the music sounds melonchic, and depressive. As I said, it’s probably just me.
@ItllBeFun
Жыл бұрын
Ola Thanks for watching and supporting our channel. The music is written and performed by my little brother. I am sorry you do not like it. Have a wonderful day!
@mikesmith1702
Жыл бұрын
Alan I think It'll be Fun caused this...LOL
@ItllBeFun
Жыл бұрын
Olá Mike, Thanks for watching and supporting our channel. Lol indeed 🤣 Obrigado Alan
@lauras8674
Жыл бұрын
You all are incredible! I hope to retire in 4 years!!
@ItllBeFun
Жыл бұрын
Olá Laura S, Thanks for watching and supporting our channel 😀. Obrigado Alan, Leslie and Wolf
@Jo.King_
Жыл бұрын
But prices are getting pretty ugly already….
@ItllBeFun
Жыл бұрын
Olá Rob, Thanks for watching and supporting our channel 😀. Yes, but deals are out there. Obrigado Alan, Leslie and Wolf
@GMOriginal3
Жыл бұрын
Actually the foreigners are big part to blame unfortunately. Those 11% of the market bought by foreigners was bought in a very high price, which made the other sellers over hopeful to sell their properties at those high prices too, so everybody puts their place for sale over priced, and then they wait and wait and wait for years now, for that foreigner buyer and they dont lower the price to normal levels ever!.. And a lot of buyers are not in a rush cause the property taxes is so small that they dont mind waiting years to sell it high price!.. And its a domino effect.. cause if you think about it, the islands population hasn’t increased in 10years.. so the demand from locals didn’t increased that much.. they just cant afford those overpriced houses.. So big part to blame are foreigners.
@ItllBeFun
Жыл бұрын
Ola Gio Petro Thanks for watching and supporting our channel. An interesting take. It is interesting that the owners of properties actually do not need to sell and can out them on the market for years overpriced. In most of the world people do not just have extra properties they can put on the market and leave them for years and years. What a luxury to be so wealthy.
@GMOriginal3
Жыл бұрын
@@ItllBeFun well.. sometimes is not that they are wealthy. A lot of those properties were bought a long time ago for very cheap. Now they are trying to take advantage of the market nowadays. If they have the chance to make double of the profit they will wait a long time for it. Even if they have to live in their parents house for a year! Hehe Ive noticed also that a lot of the properties even raise their prices after a year in the market. Specially in the main land Portugal.its insane. Completely the opposite of US. The government needs to do something about it. PS: great videos! 👍
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