ortugal has enjoyed a The top end of the market is to
steady increase in the be found in Vale de Lobo and
number of foreign buyers Quinta de Lago. Huge investments
over the past 10 years or so. especially in this particular
Property prices have risen area have proofed extremely
steadily. Portugal and the successful. But you do need a few
Algarve in particular saw a huge Million Euros to find a home,
rise in property investment. which may be outside most
people's budget.
Portuguese buyers are very
cautious right now due to the The new marina of Albufeira has
economy of the country and are also attracted a great deal of
not buying as they used to. The new developments but represents a
forecast for the Portuguese totally different market to the
market is not very optimistic for above. The price of properties is
the foreseeable future. measured there in the thousands
rather than Millions of Euros.
The foreign investors however are
still looking towards Portugal as It is quite unusual to have two
a sound investment base for so different property markets in
property purchase. New quality the same country. For obvious
developments in all parts of the reasons the great majority of
Algarve have raised the standard Portuguese buyers are unable to
of construction and there is a purchase properties at the price
healthy competition amongst level the foreign buyers can
property developers trying to afford to do.
satisfy the demand for good
locations and quality design and This situation offers new
finishing's. opportunities for the foreign
buyer to purchase a villa or an
apartment in a "less popular and depend quite frequently on
area" (in the opinion of non the flavor the time. As a result
Portuguese) for a more realistic the prices are in no way
price. The desirable property realistic, and often bear no
locations, as is very often the resemblance to true market value.
case, are often quite artificial
About the Author:
Pedro Rodriguez was born in Valencia and has spent his early professional with Woodstock Homes PLC. For the past 18 years he worked in commercial and residential Real Estate.
He is now involved in the publicity and advertising of properties which are for sale direct from the owners. Our site can offer you some further information and insight on buying or selling a property or business in Portugal. http://www.sellandbuydirect.com
Source: www.isnare.com
