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Portugal still 'safe as houses'?
Portugal’s property market has remained a stable and profitable investment over the last year...
2008 is expected to bring a healthy 12% growth to Portugal’s property market, and with the double tax arrangements between the UK and Portugal, buying property has never been so simple for the overseas investor.
Property prices are certainly not as cheap as the well publicised Eastern European countries, but there is no doubt that Portugal is a well established and flourishing marketplace with a stable economy. Capital growth and rental yields for investors are showing higher returns than elsewhere in Europe, mostly fuelled by investors rather than holiday home seekers.
Golf attraction
Portugal is a safe bet for investors, with demand for higher end quality properties and not just those ones attached to golf courses still remaining high. The game of golf appeals to all ages and is currently expanding its appeal beyond just the wealthy. The community living appeals to many, meaning that with a golf development comes not only the sport but also the social life.
The Silver Coast region of Portugal has been tipped as one of the best up and coming areas for property investment, with prices rising, yet still lower than that of the Algarve, this area of Portugal is rapidly growing in popularity.
2008 is expected to bring a healthy 12% growth to Portugal’s property market, and with the double tax arrangements between the UK and Portugal, buying property has never been so simple for the overseas investor.
Property prices are certainly not as cheap as the well publicised Eastern European countries, but there is no doubt that Portugal is a well established and flourishing marketplace with a stable economy. Capital growth and rental yields for investors are showing higher returns than elsewhere in Europe, mostly fuelled by investors rather than holiday home seekers.
Golf attraction
Portugal is a safe bet for investors, with demand for higher end quality properties and not just those ones attached to golf courses still remaining high. The game of golf appeals to all ages and is currently expanding its appeal beyond just the wealthy. The community living appeals to many, meaning that with a golf development comes not only the sport but also the social life.
The Silver Coast region of Portugal has been tipped as one of the best up and coming areas for property investment, with prices rising, yet still lower than that of the Algarve, this area of Portugal is rapidly growing in popularity.