Algarve tipped to gain from race circuit

The completion of a new motor racing circuit on the Algarve may help boost the value of property in the Portuguese region, it has been predicted.

As many as a million extra visitors per year may come to the Algarve because of the presence of the Autodromo Internacional do Algarve, Homes Worldwide reports.

The circuit will host a stage pf the World Superbikes Championship on November 2nd this year, while it also has the capability of staging a Formula one race, something Portugal has not done since 1997, when the last Estoril race was held.

Such a development may prompt some to consider investing in Algarve property.

Those looking for new developments that could create property hotspots in Portugal may also look to the village of Sesimbra, which lies south of Lisbon.

Connie Vitto of Quadrant Property told the Financial Times the area is "definitely a place to watch", since a decision was taken to build a new international airport for the Portuguese capital nearby.