Algarve registers ‘historic drop’ in property sales

A very sensationalist heading that when one reads the rest it refers to something 6 months ago. Is it not obvious that the pandemic started in March and obviously that relates to why there was a property sales drop! This could’ve easily been written in a supportive way in pro of the Algarve instead of sensationalist negative

By fp from Algarve on 24 Sep 2020, 08:13

With all due respect to the previous commenter fp, are you suggesting the correct approach from the Portugal News would be to lie or distort facts? The truth of the Portugal market is that even for the 6 months preceding Covid the sales of villas in the "better" areas of the country had come to an almost complete halt. One could say the market has crashed it is just that the sellers do not seem to understand this as even when they are not closing they are not adjusting their asking price positions. The continuous rise of prices has led to a situation where asking prices are so far above the real world values that buyers are simply not buying anymore and the next months will make the situation even worse for the sellers.

By Teijo Aalto from Lisbon on 24 Sep 2020, 12:19