Hi everyone! I'm a long-time lurker who finally decided to join in. I'm an investor focused on long-term rentals in Southern Europe, particularly catering to digital nomads and expats from the US. I'm curious about the impact of AI and technology on the real estate market in the coming years. Here are a few specific questions I have:
1. What do you think the global real estate market will look like in 5-10 years, especially in Europe and more specifically in Portugal?
2. To stay competitive, should I think about buying land, farms, or commercial spaces that could be used as energy centers?
3. Which locations and types of properties do you think might be great investment opportunities in the future?
Thanks in advance for any insights you can share!
3 Answers
Hey there! This is a tough question, but I’ll give it a shot. I believe the future will show a big shift in real estate needs. We're going to see a split between general housing and investment properties.
1. I think the trend towards government-supported housing will grow, making homes essentially a right for many people. This means rental prices could stabilize.
2. On the investment side, areas with high tourism will likely see the best growth in property values. It might get easier to profit from real estate as more money becomes available to the public, especially if we see increasing interest in rental properties.
3. But be careful. The market can be unpredictable, and investing in office spaces right now might not be wise since the demand for them keeps declining. Just my two cents!
I agree! The market will shift based on tech advances, local laws, and even climate change. Some interesting thoughts on nomadic lifestyles and land use in the future!
As a Southern European, it’s frustrating to see more real estate investors coming in. We’d prefer to keep our space for locals rather than pushing prices up for profit.
What a rather harsh view! I've been in the industry for years and have built homes for those in need. The effort to create livable spaces shouldn’t be overshadowed by resentment towards investment.
I wouldn't invest in farmland too much. Farming is competitive, and any productivity gains just lower food prices, which doesn’t necessarily help land values.
Residential real estate should see some price hikes, especially in cities, thanks to AI’s influence driving wealth into these markets. But rural areas might also become more appealing due to advancements in transport and maintenance technologies.
Overall, consider the trends in AI when looking for a long-term home, as these developments will shape preferences and demands.
Really helpful, thank you for taking the time!
Very useful insight and exactly the type of discussion I was looking for, thank you!