Portugal
If you’re looking for a property market with sustainable and strong demand then Portugal could be what you’re looking for. From the UK you can get to Portugal in about two and a half hours by plane and almost a quarter of the nation’s annual tourism arrivals come from the UK.
Last year well over 10 Million tourists visited Portugal and with low cost airlines such as easy Jet, Ryanair, Flyglobespan and Jet2.com having regular cheap flights from the UK, tourism has continued on it’s step increase over the past few years.
Property prices in the Algarve increased by 6% in 2006, where as the rest of Portugal saw an increase of just half a percent showing the Algarve is still showing steady and positive growth in the property market. Factors such as the 200,000+ golfers who visit the country year after year and the high demand for the quality properties around the golf courses keep the Algarve as popular as ever to invest or buy in property.
The Portuguese government are investing billions of Euros into the development of the national and international train links and into the expansion of the country’s main airports, this of course makes accessing the country even easier for more people throughout the world, which in turn will increase tourism traffic, strengthen the rental market and improve the Portuguese economy overall helping capital growth to continuously be achieved.
Why Invest In Property In Portugal
• Ever improving infrastructure
• Tourism on the up
• High demand for golf properties
• Established Overseas property market
• Excellent mortgage facilities available
• Expansion to major airports
Key Facts
Capital:Lisbon
Money:Euro
Language:Portuguese
Flight time from UK:3-4hrs
2006 property Growth:3%
Potential Rental Yields:5%
