Interest soaring in Portugal and Cape Verde

The current specialist today, HIFX, has just released one of its reports on the British hottest property destinations all over the world. This summer, the reports see Portugal and Cape Verde plunging into a tourist destination with most of the Brits opting to buy property here. According to HIF, since March of this year, there have been so many inquiries by Brits regarding the properties here in these places.

Portugal is still one of the Brits’ respected allies and is still clearly one of the favorite places to go to, and the UK still has its heart set on Portugal as evidenced by the July’s overseas property inquiries at HIFX. The mild south coast – the Algarve- is still one of the most popular destinations to boot. For seasonal buy to let purchases, the properties here makes it very viable for British investors.

According to Mark Bodega, Managing Director for HIFX, Portugal comes in as the third most sought-after destination in the world, after France and Spain, and is very much popular with British property investors. “Portugal is still one of the hottest places to go to, especially in the part of the Algarve. This is, despite the not so much huge returns on growth and capital that some of the emerging markets have. But aside from this factor, Portugal also have a very stable economy and a strong rental sector because of the small number of Brits taking a break in the Algarve each year.”

According to Mike Boles, Head of International for Savills Private Finance, the place to be is in Portugal since it’s already summertime and Brits do enjoy basking in the sun. “Although there are increased interest rates across the UK and the euro zone, this doesn’t seem to dampen the spirits of the property investors and the properties are still in demand across the country.”

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Interest soaring in Portugal and Cape Verde

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