More and more families in Portugal are turning to rented accommodation as they can no longer afford to buy their own property, according to a recent study in the country.

This is the first time that the study has focused on the rental sector of a country, and the findings indicate that there will be increasing demand for rental properties in the months to come; great news for property investors in Portugal who can take the opportunity to purchase buy-to-let properties in the country.

A senior economist for The Royal Institution of Chartered Surveyors said: “Given the deteriorating macroeconomic backdrop and tightening in credit conditions that is already underway, the lettings market is therefore likely to continue experiencing high volumes of activity in the near term.”

For details of property in Portugal, visit the Portuguese listings on Rightmove Overseas. One way to save money when buying in Portugal is to use a currency specialist when transferring your pounds into euros to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.

To understand the full step-by-step process to buying a property in Portugal, collect The Overseas Guides Company’s ‘Portugal Property Buying Guide’