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Silver and Blue Coasts 'Cheaper Than the Rest of Portugal'

Article Date : Tuesday, January 29, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Portugal's Silver and Blue Coasts could be good spots for potential purchasers of investment property who are priced out of other parts of the country, according to experts.

The Foreign Property Buyer website said that house prices in the region were set to grow significantly as a result of increased demand for rental accommodation.

This was attributed to the creation of a new airport in Alcochete, which is scheduled to open in 2012.

Foreign Property Buyer stated that the improved accessibility and its effect on tourism could make the area "perfect" for overseas investors.

Furthermore, it said the region was much more affordable than other parts of Portugal, such as the Algarve.

Commenting on its investment potential, the website remarked: "The Blue and Silver Coasts offer an attractive alternative for overseas property investors with plenty of good opportunities to be found."

Earlier this month, the area was recommended to foreign property buyers by SaveBorrowSpend, which said it offered beautiful scenery and bargain house prices.
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