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Portugal has 'investment property potential'

Article Date : Tuesday, July 17, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The Portuguese property market has strong investment potential for foreign buyers according to experts at Holidaylettings.co.uk, suggesting that investors looking for lucrative opportunities could do well to focus on the country in the foreseeable future.

Traditional favourites such as France and Spain are being challenged by a number of emerging hotspots, of which Portugal is believed to be a forerunner.

Figures from Holidaylettings.co.uk reveal that Portugal is among the top five countries adding the largest number of new holiday homes to the market over the past year, indicative of continued strong demand.

Buy-to-let investors can subsequently expect strong rental demand and appreciating property values ahead, as demand for holiday homes continues to grow.

It has been found that Portugal has had the strongest holiday home growth in western Europe during the past year. Ross Elder of Holidaylettings.co.uk highlights demand as key to future developments.

"It is vital for investors that there is a sufficient tourism draw and affordable flights are available in order for holidaymakers to be drawn to these areas," he stated.

Nonetheless, HiFX highlights Spain as the top destination for UK buyers abroad, as it continues to attract a high level of investment activity.
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