Northern Portugal good for investment

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.
 

Like this? Then share with your friends and colleagues!