Portugal offers capital growth prospects-090708

Overseas property investors could be able to benefit from capital appreciation in Portugal, it has been revealed.

According to Country Life magazine, house prices in the Silver Coast region are about 30% lower than those in the Algarve.

However, rising interest and development in the area is fuelling growth in the market, leading to an increase in property values.

This means that people who enter the market early could be able to snap up a relative bargain, as it is likely to be worth more in the future.

Country Life commented: "House prices on Portugal's stunning silver coast are set to increase significantly over the coming 3 years."

The publication added that the region offers a number of lifestyle attractions as well, such as pleasant scenery and "spectacular" beaches.

This comes after currency specialist FC Exchange said Portugal is proving to be an attractive option for foreign buyers because it offers much lower property values than many other nations.