The year was particularly eventful for the Portuguese real estate market. But not even the steady rise in property prices, the obstacles posed by the lack of supply, and the bureaucratic procedures with Portuguese municipalities that continue to deter investors could stop the growth of YPA, which closed an average of two deals per month.
Although the number of deals was lower than last year, this is not a factor that worries Gonçalo Roxo, co-founder of YPA.
In 2022, YPA closed 22 deals with a total value of 20 million euros. Since 2020, the year YPA was founded, the team has closed 55 transactions and saved its clients more than 3 million euros in value during negotiations.
Lisbon, Cascais, Estoril, Sesimbra, Sintra, Ericeira, and Algarve have one thing in common: they are all located by the sea. For this reason, they were the most sought-after regions among YPA clients, who preferred villas and apartments with balconies and terraces. Demand for properties for investment funds was also constant, proving that Portugal is still considered one of the best countries to live in.
YPA ends the year with team growth to meet client demand. This growth will allow to expand and support capacity in other regions of the country, such as the Algarve region, which still offers many opportunities to be discovered.
The goal for 2023 is to increase awareness and sales. "With continued high demand and a team united on all fronts, we know we have everything we need to help our clients find their dream home or investment," concludes Rita Xara-Brasil, property advisor at YPA.
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