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Portugal learns from Spain - 11 April 2008
The property market in Portugal is ‘doing much better than Spain’, argues one expert.
Shawn Luetchens, Managing Director of Hotproperty.com, believes that the Portugal is ‘less prone to making the kind of errors that have taken place in Spain’, adding: “Portugal is very conscious of the international perception of its property scene.
"As well as ensuring developments are high quality, overdevelopment is being carefully avoided in locations such as the Algarve while important infrastructure is being enhanced, such as water facilities in areas with many new golf courses".
Mr Luetchens concluded: "Portugal's infrastructure is constantly improving and issues such as water usage are given high importance. This bodes well, particularly for a country that is building so many golf developments."
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