Portugal attracts Irish property buyers

Article Date : 17 March 2008

Irish consumers are increasingly snapping up holiday homes in Portugal's Algarve region, according to a media outlet.

The Irish Independent stated that the Algarve has become popular with overseas property buyers because it is a largely unspoiled location that offers good weather all year round.

Portugal's proximity to Ireland was highlighted as another factor in its favour, as it means it does not take long to reach the country by air.

The newspaper observed: "Portugal is now one of the most popular European countries for Irish second home owners."

In addition, it said that overseas property investors would be able to benefit from a sustainable investment in the country.

These factors may also account for Portugal's current popularity among second home buyers from the UK.

According to Country Life magazine, about 11,000 British nationals now own a holiday home in the country.

Meanwhile, 38,000 people have decided to leave the UK and set up home in Portugal on a permanent basis.

Portugal attracts Irish property buyers

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