Portugal property is attracting a growing amount of interest

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.

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