Properties in Portugal may be overvalued by 20%, says the International Monetary Fund
The International Monetary Fund (IMF) recently highlighted a critical issue in Portugal’s housing market: properties are estimated to be overvalued by about 20%. Despite a slight dip in prices, the IMF cautions that this overvaluation poses a risk, especially for banks facing potential defaults and non-performing loans, reported Portugal.com. During the IMF’s annual meeting, Europe … Read more