Real Estate & Investment News in Portugal from Propertyshowrooms.com

Portuguese property market 'showing signs of improvement'

Fri, 11 May 2012 00:00:00 GMT

The property market in Portugal is looking more attractive to investors thanks to higher loan-to-value (LTV) mortgages now being offered by the country's banks.

Managing director at estate agency Infinito Real Stephen Anderson pointed out it is possible to obtain a 100 per cent LTV loan on repossessed homes being sold by the nation's financial institutions.

He added Portuguese real estate offers good prospects from an investment perspective, with rental yields of around five per cent available. "A stronger exchange rate versus a year ago also means that prices are even more affordable, with a 20 per cent gain to be had on sterling to euros," Mr Anderson stated.

Last month, the Royal Institution of Chartered Surveyors/Ci Portuguese Housing Market Survey highlighted the strength of the lettings sector in the country.

The research noted an increasing number of households are being forced to rent as they are unable to afford to buy a property, which has helped boost the rental market.

Culture status may boost Guimaraes

Fri, 20 Apr 2012 00:00:00 GMT

Those looking to invest in property in Portugal may consider the city of Guimaraes, which is the 2012 European Capital of Culture.

Filipe Silva, UK director of Turismo de Portugal, noted this month's Madeira Flower Festival is one of the events taking place.

And visitors will find much else to interest them, such as the cuisine of the central region.

"Alentejo's gastronomy is very strongly linked with the region's history and traditions and can be the basis for very interesting and tasty holidays," he remarked.

The attention focused on such attractions by the status Guimaraes enjoys this year may help provide a longer-term boost to tourism and holiday lettings could benefit directly as a result.

Another part of the country buyers may consider is Madeira.

Linda Beaney, from Madeira Villas marketing firm Beaney Pearce, recently told the Financial Times the island is a very popular part of Portugal for investors, as its real estate market is strong at present.

Portugal 'expecting rise in distressed property for sale'

Wed, 15 Feb 2012 00:00:00 GMT

The volume of distressed property in Portugal is expected to increase over the first quarter of 2012, compared to the final three months of 2011.

In the Royal Institution of Chartered Surveyors (Rics) new Global Distressed Property Monitor report, respondents are anticipating that demand for such assets will be significantly lower than supply.

However, professionals in the nation did record a substantial increase in the level of interest in distressed real estate from specialist property funds during the final quarter of 2011, compared to the previous three-month period.

Simon Rubinsohn, Rics chief economist, explained these problems are not solely limited to eurozone countries.

"The economic news flow remains mixed at best and sentiment in the real estate sector is still fragile in much of the world as a consequence," he asserted.

Investors with property in Portugal may have been encouraged by comments made by Rics senior economist Josh Miller last month.

According to the expert, a lack of available mortgage finance has forced many homeowners into the rental sector, presenting opportunities for those who can find an alternative way to fund real estate purchases.

Investors 'finding alternative ways' to fund Portugal property purchases

Fri, 3 Feb 2012 00:00:00 GMT

Buying a property in Portugal has become more difficult recently, thanks to stricter lending conditions imposed by the country's banks.

However, managing director of Portuguese agent Infinito Real Stephen Anderson noted investors are increasingly finding other avenues to raise money for their purchases.

"Recently, we have seen a few savvy developers offering an alternative method of funding to avoid the stumbling block of acquiring finance from the bank, thus helping to get the property market moving," he stated.

Mr Anderson went on to explain such deals usually involve a 30 per cent deposit from the buyer, with the remainder of the property's value being paid off over a period of years agreed by both parties.

He added the buyer can then use the flat or house as they wish, either living there themselves or renting it out.

Last month, a report published by the Royal Institution of Chartered Surveyors (Rics) indicated there are opportunities for investors in the Portuguese lettings market.

According to the organisation, the restrictions on lending are forcing more people to move into rented accommodation, with Rics senior economist Josh Miller commenting the sector is exhibiting "robust demand and strong transaction expectations".

Opportunities for investors in Portuguese lettings market?

Wed, 25 Jan 2012 00:00:00 GMT

The lettings market in Portugal appears to be benefiting from restricted lending to potential buyers, as more people are turning to rentals rather than purchasing their own home.

This is the finding of the latest Royal Institution of Chartered Surveyors (Rics)/Ci Portuguese Housing Market Survey for December 2011.

According to the research, the demand, supply and the price of homes in Portugal have all continued to fall, while the rental market has grown thanks to the difficulties faced by domestic buyers in raising finance to purchase a property.

However, this has created opportunities for investors, who are in a position to take advantage of the strength in the rental sector and pick up real estate assets at lower prices, the report added.

Senior economist at Rics Josh Miller commented: "The weak labour market and uncertain economic outlook in Portugal is forcing potential homeowners into the lettings market, which is showing robust demand and strong transaction expectations."

Earlier this month, Cushman & Wakefield predicted there will be little change in Portuguese real estate in 2012, although noted there is likely to be a higher transaction volume over the next 12 months due to forced sales and banks looking to offload some of their property stock.

Higher tourist numbers boost Algarve property market

Tue, 6 Dec 2011 00:00:00 GMT

There has been a marked increase in the number of people enquiring about buying a property in the Algarve region of Portugal, it has been noted.

Infinito Real revealed that it experienced a surge in interest among investors who are keen to pick up real estate here during October and November, with a high number of viewings also scheduled for December.

Managing director of the firm Stephen Anderson commented: "It would seem that, aside from the typical investor, other visiting tourists are starting to realise the rental potential over here and are considering buy-to-let over other forms of investment."

There are further benefits for investors who take out a mortgage to purchase a property in Portugal, he added.

Among them is access to high-interest savings accounts - with rates of up to five per cent in some cases - which are only offered to customers who have a home loan with the bank.

Meanwhile, the Royal Institution of Chartered Surveyors/Ci Portuguese Housing Market Survey for October recently found that the domestic rental market in the nation is growing, with a sharp rise in demand for properties to let reported in the country.

Tourism in Portugal 'may increase appeal of its property market'

Mon, 14 Nov 2011 00:00:00 GMT

Strong tourism figures could help encourage investors to buy real estate in Portugal, with one expert noting that residential tourism in the country is set to grow.

Hugo Nascimento, sun and sea product manager at the Algarve Promotion Bureau, explained that the region has much to offer holidaymakers, including golf courses, warm weather and a new racing track.

Property investors may therefore be keen to seek out assets in close proximity to these amenities.

Mr Nascimento commented: "A lot of people from Britain and Ireland are buying property overseas, mainly in Portugal. So I think it's also a good deal to buy houses in Portugal right now."

The September Royal Institution of Chartered Surveyors (Rics)/Ci Portuguese Housing Market Survey revealed that the Algarve is faring better than the rest of the country, but that confidence in the sector remains in negative territory.

However, Rics senior economist Josh Miller noted that, unlike in Spain, there is not a large oversupply of new properties weighing the market down, which should result in a quicker recovery once conditions in the real estate sector improve.

'Good opportunities' exist for investment in Portugal's real estate

Mon, 1 Aug 2011 00:00:00 GMT

Investors keen to buy a property in Portugal may find that there are some good options open to them if they do their research.

So says Stephen Anderson, managing director of Infinito Real, who highlighted the Algarve resort of Vilamoura as a prime example.

He noted that around €1.3 million (£1.2 million) has been invested in the destination to renovate its pedestrian areas, marina and cycle paths.

"As property prices have dropped, Vilamoura has become more accessible to those looking to make a purchase and these improvements and increased interest as a holiday hotspot are great news for investors," he stated.

However, the latest data released in the Royal Institution of Chartered Surveyors/Confidencial Imobilario Portuguese Housing Market Survey shows that there could be room for further falls in value.

According to the June report, real estate price declines in the Algarve region accelerated over the course of the month, with expectations remaining negative in the short term.

Madeira property 'well positioned' to bounce back

Fri, 28 Jan 2011 00:00:00 GMT

The property market in Madeira is well positioned to become a popular destination for investment this year.

Although the sector is currently very slow, a restricted supply of holiday homes in Portugal could lead to an increase in the number of potential buyers looking at what they can get for their money on the Portuguese island.

This is the belief of the Jorge Botelho Moniz of Banco Espirito Santo, a Portuguese bank offering mortgages in Portugal, who said that Madeira is currently a "well-kept secret".

However, Mr Moniz added that the situation will change rapidly with existing developments "achieving maturity in sales and new ones coming into the market".

"Madeira is still relatively unknown as a holiday home destination," Mr Moniz said. "There are just a few developments targeting the foreign market, but the existing ones offer high quality units in exclusive breathtaking locations and a variety of services included."

Property investors should consider community-focussed properties

Fri, 20 Aug 2010 00:00:00 GMT

Property investors should consider investing in property that has a community spirit.

According to leading overseas property expert Giles Gale, people are less taken by properties in isolated complexes and those investing in property in Spain or Italy should consider houses and flats that are more integrated into the local way of life.

Mr Gale told the Daily Telegraph that the more people than ever before who live or holiday abroad have a grasp of the local language and expect properties that are not housed in "English ghettos".

He cites the example of a major, integrated golf-resort housing tract in Portugal, which has performed well during the recent economic turmoil.

"Prices on the resort have barely fallen as a consequence, with villas costing from £750,000, unlike the secondary golf resorts in the Algarve. Prices have fallen there by 30 per cent," he told the news provider.

According to Shelter Offshore, demand for holiday homes in France is consistently strong, but investors have to hunt for bargains.

Number of investors rising as confidence returns to Portuguese property market

Fri, 21 May 2010 00:00:00 GMT

The number of overseas property investors in the Portuguese real estate market is beginning to rise in line with the country's economic recovery, it has been claimed.

Overseas Property Professional (OPP) has reported that foreign buyers are returning to the market and replacing the influx of distressed bargain hunters that emerged last year.

Both developers and agents are reporting the rise, with the move being cited as an example of the returning confidence to the European destination.

David Patricio, director of developer Leisure Launch, said that typically the amount of money that investors were putting down as a deposit has gone up.

"This is money that was sitting in buyers' bank accounts but now they have a better sense of where the market is going they are ready to spend it," he told OPP.

"People are a lot more quality-conscious and the developers that have built high-spec are the ones that are selling."

Individuals looking to rent out property in the popular tourist destination may be interested in news that during 2009 Portugal hosted 11 million tourists and has a growth forecast of three per cent per year until 2017, themovechannel.com reported.

Madeira is a 'great destination for families'

Tue, 11 May 2010 00:00:00 GMT

Individuals with a property interest in the Portuguese island of Madeira will be encouraged to hear that the destination is a great place for families to visit.

According to the Association of Independent Tour Operators (AITO), holidaymakers can take advantage of the wide range of activities available and inexpensive travel costs.

The news is sure to be of interest to property investors in the region, who may wish to rent out their real estate to travellers.

AITO spokeswoman Sue Ockwell explained that Madeira was looking to attract tourists back following the recent flash floods which caused widespread devastation to the island.

She continued: "It's popular and inexpensive, especially after the floods there are plenty of good deals around.

"It's a pretty inexpensive option for families by the time you put a low-cost flight together."

Recently, Jet2.com announced that it was introducing a new low-cost route to the region.

The once-a-week service will be flying from Manchester and offering tourists the opportunity to take advantage of additional travel options.

Portugal to capitalise on Brits holidaying overseas

Tue, 11 May 2010 00:00:00 GMT

Property investors in Portugal may be set to capitalise on the increasing amount of Brits looking to holiday overseas this year.

According to research conducted by rental firm HomeAway, searches for holiday homes in the UK for July and August have failed to reach the same high levels as last year, while other European destinations are increasing in popularity.

"Places you can drive to in Europe that are mid-way between a UK holiday and long-haul destination are doing well," Courtney Wylie, the portal's general manager, told Overseas Property Professional.

"Portugal is having a great year."

Investors in the country looking to rent their property may be interested to hear that a survey by the company earlier this year found that 57 per cent of Brits were looking to holiday abroad this year, with a fifth planning to rent homes.

During 2009 Portugal was visited by 11 million tourists, TheMoveChannel.com reported.

Madeira aiming to boost tourism numbers

Wed, 21 Apr 2010 00:00:00 GMT

Madeira is set to bounce back from recent flooding to establish itself as a top tourist destination, it has been claimed.

The Portuguese archipelago was recently devastated by floods, which managed to discourage a number of tourists and potential investors from heading to the destination in the short term.

However, writing for Prime Location, property expert Alexander Garrett has claimed that the appeal of the destination to potential real estate owners has not been diminished by the natural disaster.

Mr Garrett drew attention to the planned improvements which are likely to be made to the island in an attempt to increase tourism numbers.

Two new golf courses are due to be opened in 2011 and a possible new terminal for super-yachts is in the pipeline, meaning there is plenty of scope for recovery.

He continued: "With huge investment having been ploughed into roads and an extension to the airport and other infrastructure, moves are now afoot to broaden Madeira's appeal.

"With Madeira's outstanding warm climate throughout the year, the floods are unlikely to prove more than a temporary setback."

Former Manchester United winger Cristiano Ronaldo was born in Madeira.

Portugal property is attracting a growing amount of interest

Tue, 9 Mar 2010 00:00:00 GMT

Portugal's property market is attracting an increasing amount of interest from potential investors, it has been claimed.

Overseas housing news website Property Community has reported that property portal Infinito Real has seen a 17 per cent month-on-month rise in the number of enquires about the country within the last quarter.

The website reports that this growth can be attributed to the fact the country is not overcrowded like some of its close competitors and also to its recent positive press coverage surrounding its economy.

Stephen Anderson, managing director of Infinito Real, told the news provider that a number of factors had contributed towards Portugal's growing popularity.

He continued: "We have seen that a number of buyers who postponed their plans in 2009 are now ready to move which has created a backlog of buyers wanting to move as soon as possible.

"The small increase in the exchange rate from almost £1 to €1 throughout most of 2009 … has had a profound effect."

Earlier this year, the European Commission predicted that Portugal's economy would fare better in 2010 than previously expected, potentially growing by 0.3 per cent.

Portuguese market is the 'safe option' for investors

Thu, 18 Feb 2010 00:00:00 GMT

The Portuguese property market has been described as one of the safest in Europe by one of the region's real estate agents.

According to a report on Property Wire, investors looking for a European safe-house should look no further than the Iberian nation and in the current economic climate individuals are able to get good value for their money.

Jim Edmeades, of Homes for Sale in Portugal, made the comments while attempting to dispel the myth that when buying property in the country investors often end up paying an additional ten to 15 per cent premium in fees and taxes.

The website reported him saying that market and holiday rentals remain buoyant and despite volatile currency markets, properties in Portugal continue to represent good value for money and ideal investment prospects.

"Whether you are looking for property for sale, a holiday rental or an overseas investment, the Portugal property market is still considered to be one of the safest markets in Europe."

The European Commission recently said that Portugal's economy will fare better in 2010 than previously believed, with growth of 0.3 per cent expected.

Portugal to reap rewards of planning restrictions

Fri, 12 Feb 2010 00:00:00 GMT

Portugal is beginning to tempt property investors away from Spain, according to reports on one property portal.

BuyAssociation has claimed that the Portuguese government are likely to reap the rewards of tight planning regulations it had in place during the economic downturn and entice buyers to the country.

The portal points to the Algarve as a popular destination for potential investors and after a two per cent rise in prices over the course of 2009, it could be a favourite destination.

"This year, Algarve property is expected to continue to rise steadily, enticing the traditional Spanish villa investor to turn to the country's neighbour instead," the website predicts.

"With its gorgeous beaches, golf courses and sunny climate, overseas investors see the long-term potential for returns on purchasing Algarve property."

Furthermore, BuyAssociation claim that the region is likely to see a surge of tourism in 2010.

The European commission recently said that Portugal's economy will fare better in 2010 than previously believed, with growth of 0.3 per cent expected.

Portugal a 'safer' market to invest in than Spain

Fri, 22 Jan 2010 00:00:00 GMT

Portugal is set to replace Spain as the place for UK investors to buy property, it has been claimed.

Investment consultancy Property Frontiers remove made the suggestion after many agents reported an increase in activity and sales in the country during the second half of the year.

It cited the growing economy and rising house prices as the reasons many people are making the switch, alongside a realisation from some that "Spain's [property] boom had most definitely turned to bust".

David Cox, director of Property Frontiers, believes that Portugal represents a safer opportunity out of the two markets and as such it is no surprise that many investors are moving to the neighbouring country.

"Portugal is by far the least risky of the two markets, and if there is one thing the current buyer is that is risk averse," he said.

"Those who would normally choose Spain are now looking at Portugal."

The European Commission has predicted that Portugal's economy will grow by 0.3 per cent in 2010, rather than the 0.8 per cent fall it had originally stated.

Portugal tipped as top destination

Thu, 1 Oct 2009 00:00:00 GMT

Estate agents are tipping Portugal as one of the best destinations in which to invest in property in Europe at present.

Buy Association has noted that a number of property agents are predicting that prices in the country will soon start to rise again, as Portugal is now out of recession.

The portal noted that the Silver Coast has been forecast to do particularly well, seeing its values increase by between 50 per cent and 75 per cent by 2015.

It also noted that areas with golf resorts - such as the Algarve - are popular in the same way as they are in Spain.

However, the fact that Portugal is now out of recession is seen as giving it an advantage over its neighbour.

Earlier this month, the Knight Frank Global House Price Index revealed that Portuguese house prices rose by 1.7 per cent in the second quarter of this year.

Major cities 'best for Portuguese investment'

Tue, 28 Jul 2009 00:00:00 GMT

Those buying Portuguese property for investment purposes should look to the big cities rather than the holiday resorts, it has been suggested.

Writing for the Guardian, property expert Graham Norwood said that areas like the Algarve tend to be the most popular for overseas buyers looking for holiday homes, although the region does show periodic price volatility.

However, such regions are not suited to every kind of property purchase, he noted, advising: "Anyone wanting a pure investment and long-term tenants (professional renters, not holidaymakers) should furnish their properties, but remember there is little demand in resort areas."

Such purchasers should "stick to Lisbon and Porto", Mr Norwood remarked.

The expert also noted that the country tends to have tighter controls on development and has seen much gentler recent price falls than neighbouring Spain.

Earlier this month, head of the Carlyle Real Estate acquisitions team for Spain and Portugal Rachel Lupiani told Property News the country has a market that is "very localised in character" and has consequently weathered the credit crunch well.

Expert attracted to Portuguese property investment

Wed, 1 Jul 2009 00:00:00 GMT

An expert on real estate has stated that he is considering buying property in Portugal.

Mike Sales, head of property investments at Henderson Global Investors, told Reuters at its local Global Real Estate Summit that the Iberian country would be his number one choice for a "vacation residence or city bolthole".

"Portugal - east or west of the Algarve," he remarked. "I am looking at a piece of land there with a couple of friends because it is a quarter of the price of the Algarve."

The news provider asked a variety of people at the conference the same question about where they would choose to buy another property, with Europe and Africa proving to be the most popular continents.

It said that despite economic factors affecting the global real estate market, it appears people still dream of owning a second property.

Portugal's finance minister Fernando Teixeira dos Santos recently told Reuters that the country's economy is expected to start growing again later this year.

Portugal 'developing its own style'

Thu, 7 May 2009 00:00:00 GMT

Portugal has developed its own style as a tourist destination, it has been stated, something that may interest those looking at investing in property there.

Speaking about the appeal of the country as a place to take a holiday, a spokesman for the Association of Independent Tour Operators said Portugal had originally been like Spain in the sense that it has expanded its appeal into areas such as wine and culture.

He commented: "It still has the lounging on the beach [factor], but people are realising that Portugal does have a lot more to offer. It is becoming more mature as a destination."

Such a situation could encourage those thinking of investing in Portuguese property, as this could mean further growth in the numbers of tourists looking to rent residential property.

Emerging areas of Portugal include the Silver Coast, it has recently been observed.

A feature in the Manchester Evening News last month said the region has become a "serious rival" to the Algarve.

Faro qualities hailed in land of dog

Mon, 20 Apr 2009 00:00:00 GMT

The city of Faro has much to offer visitors, an article on the Algarve region has stated.

Faro's qualities were noted in a piece by the Chicago International Travel Examiner, following the decision of US president Barack Obama to buy a Portuguese water dog, a breed that originates in the region.

The news provider stated that the city has attractive architectural features such as the Moorish walls and the cathedral with its many side chapels, while the Infante Dom Henrique Archaeological Museum - built into an historic monastery - has many treasures.

Such elements may prompt those investing in Portuguese property to consider the area.

Another reason the Algarve may be high on buyer wish-lists is the price of real estate there.

Earlier this month Mary Mangan, a spokesperson for estate agency Winkworth Portugal, told the Times: "In the western Algarve, you can buy a newly refurbished one-bedroom village house in Raposeira, near Lagos, three minutes' drive from the beach, for GBP136,000."

EU in green property vote

Sat, 4 Apr 2009 00:00:00 GMT

EU countries will be able to get financial help to make housing greener after a decision in the European parliament.

MEPs voted 629 to 17 to approve a report concerning a directive which will make money available via the Regional Development Fund to help countries provide more energy efficiency measures and renewable energy in housing.

Such money could be applied for by any country, with Portugal being one possible recipient.

Those keen on green property in the country may be interested by the fact that it is already sourcing much of its energy from renewable sources, including some pioneering methods of generating power.

Among these is the Agucadoura wave farm off the northern coast, the world's first multi-unit installation of its kind.

The Pelamis devices currently have a generating capacity of 2.25 MW and there are plans to add an extra 20 MW of capacity.

Portugal 'has some of best courses'

Thu, 2 Apr 2009 00:00:00 GMT

Portugal has some of the best golf courses anywhere in the world, it has been stated.

David Brice of Golf International wrote that the Iberian Pensinsula offers a wide range of outstanding golfing along the seaboards of Spain and Portugal.

He commented that the two countries have "carefully developed golf infrastructures that rank alongside the world's best".

Mr Brice named the six Portuguese courses as Otiavos Dunes and Troia near Lisbon, Praia d'El Rey near Obidos, San Lorenzo and two in Vilamoura, these being the Old Course and the Victoria Club.

Vilamoura Victoria Club's course stages the Portugal Masters tournament, part of the PGA European tour, he noted.

Those keen to

invest in Portuguese property

may look to these areas, as they could offer strong buy-to-let tourist appeal.

Another place where professional golf takes place at is Estoril, which hosts this year's Portuguese Open from April 2nd to 5th.

Faro highlighted in football final

Thu, 12 Mar 2009 00:00:00 GMT

The Algarve city of Faro will be the focus of footballing attention today when Sweden's women take on their US counterparts in the final of the Algarve Cup.

As well as the ball skills on display, the match will showcase the facilities at the Estadio Algarve, which was constructed for the 2004 European Championships.

The venue, constructed on the boundaries of Faro and Loule, is shared between two clubs, SC Farense and Louletano DC.

Located in a park, the venue offers a number of other features that may attract Algarve property buyers to the city, such as an athletics track, tennis courts and botanic gardens.

Faro is one of a number of destinations that has seen a surge in holiday interest, according to low cost airline bmibaby.

The budget carrier revealed last week that February saw 1.3 million searches on its website from people keen to fly to Alicante, Malaga, Barcelona or Faro, compared with 87,500 in January.

Portugal hoping for spa tourism boost

Wed, 28 Jan 2009 00:00:00 GMT

The Portuguese tourism authority is bidding to attract more foreign visitors to the country by placing a renewed emphasis on its historic spas.

Portugal has a number of natural spas renowned for the purity of their water, which is believed to have therapeutic qualities and is often used in relaxation techniques.

With Portugal's golf resorts already well known among tourists, tourism chiefs are now hoping to show another side to the country by raising awareness of its spa resorts, nubricks.com reports.

According to the website, the scheme has the potential to create "new tourism hotspots" in a country already extremely popular with international visitors.

Famous historic spas in Portugal include Monfortinho, which is situated on the border with Spain.

Last week the Times reported that the Silver Coast, Lisbon and Porto are emerging as popular markets for property investors seeking alternatives to the Algarve.

Visit our off-plan property Portugal page.

Porto offers affordable alternative for investors

Fri, 23 Jan 2009 00:00:00 GMT

Property investors looking to buy in Portugal have been advised to consider the country's second largest city, Porto.

According to the Times, the historic city's property market is becoming increasingly popular with foreign buyers, who view it as an affordable alternative to Lisbon and the Algarve.

Jose Maria Magalhaes, a consultant at CB Richard Ellis, told the newspaper that property prices in Porto are still significantly lower than those in the Portuguese capital.

"Prices are at least 25% less than Lisbon, sometimes going as low as half the price," Mr Magalhaes said.

"Many of the old buildings in the centre are now being refurbished as part of the urban rehabilitation … This is a growing market because the old town is still quite cheap."

Porto is also popular with investors due to its tourism market. With 25 golf courses in the area, many holidaymakers visit the city for leisure purposes.

The Times recently recommended Portugal's Silver Coast as another emerging overseas property destination.

Visit our off-plan property Portugal page.

Silver Coast attracting investors to Portugal

Thu, 22 Jan 2009 00:00:00 GMT

The Silver Coast is emerging as a major investment location in Portugal as buyers grow tired of the Algarve and other established destinations, it has been claimed.

Already dubbed 'the new Algarve', the region has undergone major development in recent years but still retains much of its natural beauty, according to the Times.

The newspaper reports that the launch of new golf and horse riding facilities is also making the Silver Coast an increasingly popular holiday destination, with resorts such as Royal Obidos Spa & Golf bringing new visitors into the region.

In addition, the Silver Coast's location just south of Lisbon means that property owners and holidaymakers can also benefit from easy access to the Portuguese capital.

Commenting on Lisbon, the Times states: "The proximity of superb beaches around Estoril, Guincho and Caparica makes the capital a buzzy alternative to the Algarve, spread across several hills dotted with viewpoints."

Portuguese tourism minister Bernardo Trindade recently visited the UK to raise awareness of the country as a holiday destination.

Visit our off-plan property Portugal page.

Northern Portugal good for investment

Fri, 9 Jan 2009 00:00:00 GMT

A number of upmarket developments in the northern area of Portugal are drawing investors to the region.

Homes Worldwide reports that many new properties around Porto are attracting interest from buyers, despite the fact that southern regions of the country such as the Algarve have traditionally been the focus of property investment in Portugal.

Meanwhile, a separate report from the website has highlighted Portugal's growing market for "equestrian tourism", which is emerging as a major attraction to rival golf in the country's tourism industry.

Miguel Catalao, an expert on horse riding holidays in Portugal, recently explained the economic benefits of equestrian tourism to Essential Lisboa magazine.

"Anyone coming to Portugal to play golf spends on average 150 euros a day. In the equestrian sector, this spending shoots up to around 250 euros when you consider all the expenses inherent to horse riding," he said.

Portugal recently submitted a joint bid with neighbouring country Spain to host the World Cup in 2018.

Visit our off-plan property Portugal page.

Lisbon 'has investor benefits'

Tue, 9 Dec 2008 00:00:00 GMT

Lisbon has been identified as one area that may attract property investors disinterested in the popular European destinations.

According to the Times, the Portuguese capital has "undergone a huge transformation" over the past ten years, with new developments and the regeneration of old buildings helping to change the face of the city.

Head of the international department at Chesterton International Andrew Hawkins explained the benefits of the city, stating: "Visitor numbers and business activity are up and a new airport is being built, which will increase transport links and accessibility."

And Alma Wright of the IRG agency told the news source that the climate and the city's beachside location are other factors that attract visitors to the area, adding that property in Lisbon is still "reasonably priced" at between £3,300 and £5,000 per square metre.

Those looking to invest elsewhere in Portugal may wish to consider the Algarve, which - according to Golf International's David Brice - has a lot more to offer besides the abundance of quality golf courses.

Golfers urged to visit Portugal

Sat, 6 Dec 2008 00:00:00 GMT

Portugal's warm climate, friendly people and high-quality facilities make it one of the best destinations in the world for golf holidays, it has been claimed.

Golf International states that the Algarve coast provides a "true vacation paradise" for fans of the sport because it contains "one of the finest collections of top quality golf courses to be found anywhere".

The holiday operator claims that golfers arriving in Portugal for the first time are likely to feel "like a glutton at a banquet", such is the sheer variety of golf venues on offer.

However, the sport is not the only reason people are attracted to Portugal, Golf International explains.

The firm says that golf is "only one allure among the many" in the country, with its beautiful beaches, rich culture and history, and fine food and drink.

As a result, Portugal has much to offer both golf lovers and "those who prefer to do absolutely nothing at all but relax, hang out and watch the world go by".

Official figures reveal that Portugal received approximately 7 million foreign visitors in 2007, creating a potentially lucrative market for property owners in the nation.

Visit our off-plan property Portugal page.

Algarve appeal 'extends beyond golf'

Fri, 5 Dec 2008 00:00:00 GMT

The appeal of the Algarve extends beyond the wealth of golf courses it has to offer, a golf tourism spokesperson has stated.

Golf International's David Brice explained that although the region offers over 30 courses to budding players, it is also home to a range of cultural, historical and scenic attractions.

He noted: "The Algarve just might be the perfect escape for everyone, regardless of their interests, including those who prefer to do absolutely nothing at all but relax, hang out and watch the world go by."

Such comments may be welcomed by overseas property investors, who may wish to purchase homes in this particular area of Portugal in order to reap any potential benefits from an increase in golfers visiting the region.

Property Abroad's Liam Bailey recently stated that the Algarve will benefit from the recently-announced easyJet flights that will link Faro airport to the UK.

He expects values to increase by as much as 15 per cent per year for the next five to ten years as a result.

Portugal tourism market still growing

Tue, 2 Dec 2008 00:00:00 GMT

Portugal has experienced a modest growth in visitor numbers this year, despite the economic downturn hitting tourism markets around the world.

Reuters reveals that many Portuguese tour operators have reported "business as usual" in the last few months, with the country's tourism sector seemingly resistant to the problems of larger nations.

The news agency states that Portugal's reputation as a "small but diverse Iberian country with sunny beaches, historic sites and some of Europe's finest golf courses" continues to attract visitors from around the world.

Andrew Coutts, head of ILM international tourism consultants in Portugal, explained: "Portugal is an awful lot less vulnerable [to the economic downturn] ... And there is an enormous opportunity for Portugal to position itself for the time when international tourism gets back on track."

Official figures show that Portugal received approximately 7 million foreign visitors last year.

Shelter Offshore recently described the country, along with Spain, as an "evergreen destination" for British holidaymakers and property buyers.

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Portugal has strong rental potential

Thu, 27 Nov 2008 00:00:00 GMT

Recent developments in Portugal are set to attract more overseas property investors next year, according to travel experts.

According to the Move Channel, Portugal's new Formula 1 racing circuit will provide a significant boost for the country's property market in 2009.

The website, which ranked Portugal at number two in its November 'top of the props' chart, said that the motorsport venue is expected to attract an additional 1 million visitors to the country each year.

As a result, "rental potential on an investment property could be very strong indeed", the travel portal states.

The Autodromo Internacional do Algarve in Portimao opened earlier this month and will be used for testing by several F1 teams in December.

In addition to the racetrack, the complex features a technology park, five-star hotel and sports complex.

Italy, another popular European destination, moved up to number three in the Move Channel's overseas property chart.

Visit our off-plan property Portugal page.

Spain and Portugal property investment not just about the weather

Wed, 19 Nov 2008 00:00:00 GMT

It comes of little surprise that the main reason given by UK expats for living abroad is the weather, according to the joint managing director of Alliance & Leicester International.

Alliance & Leicester recently published the results of a survey which showed 57 per cent of UK expats cited better weather as a factor in their decision to move abroad, and Simon Ripton believes this to be expected given the misery associated with the average British winter.

"It is easy to see why they would think that," he commented, adding this is especially so since we are "coming into winter".

However, he also pointed out that there are a number of other reasons as to why people would prefer to invest in property in Spain or Portugal than stay at home in the UK.

"They have a higher standard of living and a better quality of life," he explained.

"Other factors such as a lower crime rate and higher income also rate highly."

Statistics released by the Office for National Statistics in October this year highlight how in the 12 months to August British people were making more trips abroad than they did in the year previously.

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Portuguese unemployment rate falls

Tue, 18 Nov 2008 00:00:00 GMT

Portugal's unemployment rate fell in the 12 months to September, the latest figures show, as the country avoids the worst effects of the credit crisis.

However, the number of people without a job actually increased over the course of the third quarter, suggesting the global economic turmoil is starting to have an impact.

Even so, property speculators might look to Portugal as a location for investment in the hope it will provide better returns than other countries.

Economists expect the Portuguese economy to slow in 2009, which will put pressure on the incumbent government as elections are due next year.

Having said this, they will be able to point to the measures already in place which have isolated the country's banks from the turbulence felt by those in the US, UK, France and Germany.

One thing out of the Portuguese government's control, though, is the impact of the economic downturn on the country's exports.

The Portuguese government is currently headed by Jose Socrates, with Anibal Antonio Cavaco Silva acting as president.

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Algarve boosted by new golf resort

Wed, 12 Nov 2008 00:00:00 GMT

The opening of a major new golf complex in the Algarve is set to attract more holidaymakers and property buyers to Portugal.

Owned by the Oceanico Group, the Amendoeira Golf Resort contains two championship courses, one of which was designed by 2008 European Ryder Cup captain Nick Faldo.

A recent launch event for the 640-acre resort was attended by top golfers such as Lee Westwood and Darren Clarke, as well as former Liverpool footballer John Aldridge.

Members' president Christy O'Connor Senior described the facilities at Amendoeira as "better than anything I've ever seen".

He added: "[The] course is truly beautiful - the water, lush vegetation, the whole magnificence of this valley of beauty, which is the best way I can describe it … This will become a golfing landmark."

Last month, Aldridge hosted a charity golf event at another venue in the Algarve, raising 30,000 euros for charities in England, Ireland and Portugal.

The European Tour recently described Portugal as an "international destination of choice for golf fans and holidaymakers".

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Golf tournament may add further boost for Portugal property

Mon, 10 Nov 2008 00:00:00 GMT

Portugal's reputation as a place for golf tourism - generating visitor income and raising demand for buy-to-let tourist property - may be boosted by the hosting of a charity golf tournament.

The Bader Cup is to be held at the Alamos Golf Club in Portimao from November 9th to 13th, raising money for the Douglas Bader foundation, which supports people who need prosthetic limbs.

Douglas Bader was a famous wartime RAF pilot who lost both his legs and had to use artificial limbs made of tin, yet still managed to continue flying combat missions.

Alamos is one of a number of courses in the popular Algarve region and attention focused on it may help generate more interest.

Last month the PGA European Tour website noticed the impact golf has on Portuguese tourism.

It stated that 300,000 visitors a year play on the country's courses and generate 25 per cent of the tourist industry's income.

Algarve in new flights boost

Tue, 4 Nov 2008 00:00:00 GMT

In news that may boost the prospects for the Algarve property market, low-cost airline Ryanair has announced new winter flights to the Portuguese region.

The popular southern area will see new routes operating from Glasgow, Liverpool and East Midlands into Faro airport, in addition to the operators current routes from London Stanstead, Dublin and Shannon.

Algarve Promotion Bureau president Antonio Pina welcomed the news, stating that he was hoping the new services would "not only draw in crowds for the summer period, but highlight the appeal of the region during the non-summer months".

Such an outcome could help improve the prospects for buy-to-let investors in the Algarve.

Another recent development that may raise British tourist numbers is the announcement last month by Formula One that the region's new Autodromo Internacional race circuit will host a test event in December.

McClaren will be among the teams running their cars on the track, which could give those in attendance a chance to see the car that Lewis Hamilton will be defending his championship in next year.

Madeira 'emerging as popular destination'

Thu, 30 Oct 2008 00:00:00 GMT

The Portuguese island of Madeira has been described as a popular sector in the country's holiday market.

Speaking about the Atlantic location to the Independent, Bernard Hornung, the sales director of the Azulara development - which is currently under construction - stated that most visitors prefer to stay in and around the capital city of Funchal.

He explained this is "not only because they prefer to be within easy reach of the sea but because this side of the island gets the most sun".

However, Funchal is not overdeveloped in the way some locations are, Connie Vitto of Quadrant Overseas told the paper, because local planning laws prevent a "glut" of new building taking place.

The Independent said the attractions that may bring property buyers to the island include its sub-tropical climate, golf courses and lush scenery.

Notable Madeirans include fashion designer Fatima Lopes and footballer Cristiano Ronaldo.

Algarve in Formula One test boost

Wed, 29 Oct 2008 00:00:00 GMT

In a move that could help increase interest in Algarve tourism and consequently the region's property market, it has been revealed that a Formula One test event will be held at the Portuguese region's new motor racing track.

Formula One has confirmed that the Autodromo Internacional will stage the event in mid-December, making use of facilities such as the sprinkler system designed to replicate wet racing conditions.

Teams whose participation have been confirmed include Honda and McLaren, the latter being the team of Britain's world championship leader Lewis Hamilton, who is just one race away from becoming the champion.

Such an event could help raise the profile of the area, particularly among motorsport fans, who can also see events such as motorcycling at the course.

Another sporting attraction that can attract tourists to the Algarve is golf.

It has been confirmed that the European Tour's PGA Portugal Masters event, which was staged this month at the Oceanico course in Vilamoura, will take place at the same venue next year.

Algarve property in new golf boost

Thu, 16 Oct 2008 00:00:00 GMT

The Portuguese property market may have had a new boost with the opening of another golf course on the Algarve.

Former Ryder Cup star Christy O' Connor Jnr has formally launched a course bearing his name at the Amendoeira Golf Resort in Oceanico.

The advent of another high quality golf course may provide a further incentive for those investing in tourist property in Portugal to buy in the area, as it increases the availability of choice for fans of the sport.

Amendoeira is just 35 minutes away from Faro Airport, guaranteeing easy access for visitors.

Mr O' Connor said at the launch: "This has been a fantastic occasion and I’m delighted that my family could be with me to share this experience."

Mr O' Connor already has his own course in his native Ireland at Silloge Park in Swords, County Dublin.

Algarve tipped to gain from race circuit

Tue, 7 Oct 2008 00:00:00 GMT

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.

Portugal popular with second home buyers

Thu, 2 Oct 2008 00:00:00 GMT

Portugal is still a popular location among holiday home buyers from the UK, a newspaper has stated.

According to the Telegraph, the European country has become an appealing option for many because it offers a number of lifestyle attractions.

For example, it was said to have "faultless" beaches and good weather for 12 months of the year.

The publication added that the country has also become popular in recent years as a result of its growing housing market.

While Portugal has not seen growth on the same scale as its neighbour Spain, property values did go up by nearly a fifth between 2001 and 2006.

However, the Telegraph stated that this rate of growth has started to slow down as a result of the strong euro and the credit crunch.

The Times recently cited figures from the Portuguese Real Estate Association showing that 18,000 Britons purchased a home in the country last year.

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Tavira hailed as Algarve holiday location

Thu, 2 Oct 2008 00:00:00 GMT

The town of Tavira on the eastern Algarve has been hailed as an outstanding place to spend a holiday at this time of year.

In an article that may interest those investing in Portuguese property, the Daily Telegraph said the town is "hard to beat as an autumn break".

The paper stated that the town has a range of cultural and historical attractions, such as its cobbled fishing village ambience, historic churches and a ruined castle.

It also has good seafood, an eight mile-long beach and is 19 miles from Faro Airport.

Tavira is likely to become a property hotspot in years to come, the same paper was told last month.

Mary Mangan of estate agency Winksworth predicted such a future on the basis of the comparative peace and tranquillity of the region and the low cost of properties in the area.

Douro valley 'offering alternative' in Portugal

Tue, 30 Sep 2008 00:00:00 GMT

Investors looking to buy property in Portugal can find a lower-priced alternative in Porto and the Douro valley, it has been stated.

The area, famed for its port wines, has plenty of inexpensive property in attractive rural areas to be found, Paul Symington of port wine producer Symingtons told the Financial Times.

He stated: "The government is keen to encourage people to renovate houses in the old mountain villages such as Alijo and many inland vineyards are being depopulated, so there are opportunities."

The paper also reports that this region is enjoying enhanced transport, with direct flights from the UK, a new underground system in Porto itself and a forthcoming high-speed rail link that will enable passengers to travel down to Lisbon in just 90 minutes.

Another Portuguese location tipped to emerge in years to come is Tavira on the eastern Algarve, the Daily Telegraph reports.

Mary Mangan of estate agency Winksworth told the paper this area is much quieter than the crowded central Algarve.

Porto 'offers good rental opportunities'

Mon, 22 Sep 2008 00:00:00 GMT

Those looking to invest in property in Portugal for rental purposes may be able to find some good prospects in the city of Porto, it has been suggested.

Writing for Nubricks.com, John Moore of the Move Channel said the city is a prominent location both as centre of business and industry and also as a tourist destination, with the main attraction being Port wine.

He said: "In addition to its tourism trade, Porto attracts many foreigners for business and educational reasons, making it a good location for rentals on a long term basis."

Mr Moore also said that prices have recently been falling in Porto, which may offer more bargains for British buyers.

A study by real estate newsletter Confidencial Imobiliario has also found this to be the case in the Algarve, although the prices there remain the highest in the country, reports The Portugal Resident.

Portugal recommended to golf lovers

Tue, 16 Sep 2008 00:00:00 GMT

Overseas property buyers who want to enjoy a game of golf at their foreign residence have been encouraged to look at Portugal.

According to the Telegraph, the European country is currently a very popular location among fans of the sport.

The newspaper said its appeal is particularly strong among professional golfers such as Darren Clarke, Paul McGinley and David Howell, all of whom have bought property there.

And Padraig Harrington, winner of 3 of the past 6 majors, also owns a Portuguese residence.

Speaking to the Telegraph, he commented: "[It] not only gives me the security of a quality property investment, but will allow me to practice on a different course every day of the week."

Earlier this month, the Association of Independent Tour Operators praised the European country for offering some of the best quality golf courses in Europe.

Portugal was described as a major hotspot for fans of the sport, especially as it also has good weather for 12 months of the year.

Visit our off-plan property Portugal page.

Portugal hailed as best for golf

Tue, 16 Sep 2008 00:00:00 GMT

In news that may interest those thinking of investing in Portuguese property, the country has been hailed as an outstanding place to invest in golf-related real estate.

Padraig Harrington, a member of Europe's Ryder Cup team and also a trained accountant, explained to the Daily Telegraph why he had invested in a five bedroom villa at Vilamoura near Faro.

He stated: "Buying at Vilamoura not only gives me the security of a quality property investment, but will allow me to practise on a different course every day of the week."

The paper added that those buying through locally-based company Oceanico could purchase a golf title in perpetuity for GBP30,000, which would allow them to play any of the seven courses owned by the firm.

It also noted that many other top golfers have invested in golf property in the country.

Portugal was recently labelled the best place in the world in which to play golf, Portugal News Online reported.