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Portugal growth still strong - 27 February 2007
2007 is expected to bring a healthy 12% growth to Portugal’s property market, reports Principal International...
2007 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 here has never been so simple for the overseas investor.
Property prices here 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.
Paul Cooper, Director of Principal International, a leading overseas property investment company, comments, “Portugal is a safe bet for investors, we are still getting regular enquiries for higher end quality properties and not just those ones attached to golf courses.”
The case for golf developments
Principal International currently have a number of luxury apartments and villas for sale in the Vale de Ouro region, and whilst golf may not be the number one priority, as investors, evidence shows that buying a property attached to a golf course has many long term advantages.
The game of golf appeals to all ages and is currently expanding its appeal beyond just the wealth. The community living appeals to many, meaning that with a golf development comes not only the sport but also the social life. Most courses include luxury facilities and the Val de Ouro Golf resort is no exception. With its close proximity to the UK, buying an investment property in Portugal offers both annual and weekend break holidays, add to it the golf resort and you get great rental opportunities.
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*Subject to a written positive RealtyCheck, Onpulse property offer to fully refund the client any initial conveyance fee to our Partner Live Overseas should they not wish to proceed with the purchase based upon any legal matter raised by Live Overseas relating to the property title that did not form part of the RealtyCheck Report. This refund is up to a maximum of £1500 per client.