Property in Portugal continues to be a firm favorite amongst European purchasers. With an excellent climate, healthy lifestyle and low prices, Portugal is a highly sought after foreign property location.
Property purchasers and holidaymakers have been flocking to Portugal since the late 1960s and today Portuguese property still represents good value for money. While demand continues, Portugal remains a highly sought after location for new and resale properties, particularly in the popular resort areas of the Algarve.
Low cost airlines vie for services to Portugal's three international airports, bringing increased competition and lower fares each year. A sound EU standard transport infrastructure and a solid economic climate help to make Portugal a modern arena in which to invest in property today. With capital growth currently at around 10% per annum in hotspot locations, shrewd investors are looking to Portugal to gain stable medium to long term returns on their investment, through capital appreciation as well as rental yields.
New emerging markets are now in their early stages, such as those along the Silver Coast just north of Lisbon and further north near Porto. Here prices can be as much as 30% lower than in more popular resorts further south, while potential for growth is rocketing due to improved infrastructures and a new trend amongst foreign property purchasers for rural locations away from the more traditional resorts. Meanwhile, golf resorts and related off-plan investments on the Algarve maintain their popularity amongst the golfing set looking to make the most of the warm climate and excellent facilities to be found in the region.