Director of trading at money exchange firm Currencies Direct Mark O’Sullivan said the sort of buyers his company has been most frequently dealing with are those looking for properties valued between €100,000 and €300,000 (£260,000).
He commented that now is a good time to buy in the current economic climate, stating it is possible to "literally drive whatever bargain you like and you will find a distressed seller somewhere".
Such considerations may be applied by those thinking of buying a Portugal property.
As well as being good for cash buyers, the Portugal property market may also be ripe for investment in an off-plan development.
Write About Property has predicted that those who buy off-plan now will benefit because the buyer’s market will not last.
This is because "pent-up" demand will start to influence the market from later on this year, the portal forecasted.
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