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Portugal 'appealing to older homebuyers'

Article Date : Monday, July 30, 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 attracts a more mature clientele than its Spanish counterpart, according to an industry analyst.

Nicholas Marr, chief executive officer of overseas property website Homesgofast, has made the comments in a wide-ranging interview explaining the appeal of the country to investors.

"It is a slightly slower pace of life and attracts the older person," he said.

"It's a bit more sophisticated - people who don't necessarily need nightlife or nightclubs."

Moreover, Mr Marr has claimed that the growing number of Portuguese airports and the increasing number of UK flights being set up suggest that the future for the country is "looking good".

Elsewhere on the Iberian peninsular, Murcia has recently been tipped as a future hotspot for property investors.

According to an article in the Daily Mail, the area combines unspoilt coastlines with property prices that are up to 50 per cent cheaper than other parts of Spain.
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