March 8, 2007
Invest in Portuguese golf for year-round returns
Golf enthusiasts around the world must be thrilled to learn that the Portugal property Silver Coast is offering a year round rental at 8 percent yield, strong capital growth and a holiday home in one of Western Europe’s most attractive fresh destinations, reports Assetz, which is launching its new Assetz Portugal divison today.
The target date for the new opening in the Silver Coast is in 2014 when a new airport is scheduled to open in Ota. The Silver Coast, located in an hour’s drive from Lisbon International Airport will now be opened to many opportunities when this airport opens. The Silver Coast will also be open to new tourism, driving up rental demand and carrying greater investment in facilities and infrastructure, which will finally aid the drive up to property prices, reports Assetz Portugal.
Back in 2006, capital growth in Portugal was 7 percent and this is expected to remain stable in the year 2007. There are many good reasons why investors could enjoy a total of 37 percent (a combination of both capital gains and rental income) annual return on cash invested such as the low purchasing costs and the minimum deposit of just 20 percent.
According to Stuart Law, managing director For Assetz, golf resorts make an interesting way of investing a property in Portugal. “Golf resorts are a great way of making a whole rental property investment the whole year round. With the familiarity of short breaks growing huge in European locations in good transport links and the continuation of Portugal as the world’s most sought-after destination, investors are then set to take advantage over the investment proceedings in the next few years.
World-class golfing facilities covers the whole of Portugal as a tourist hot spot, with its wonderful climate, which attracts over five million property investors and families all the year round from different countries around the world. The Silver Coast also boasts of different champion golf courses such as the Praia D’el Rey Golf and Beach Resort, recently voted Best Golf Resort in Europe 2007.
Posted on: Portugal
Related articles
Recent Posts
- Living and Working in Florida
- Living and Working in Florida: The Floridian Lifestyle
- Golf Property on Course for World Domination
- Exploring Provence and the French Riviera
- Do French regions matter? Climate Change
News archive
- November 2007 (25)
- October 2007 (64)
- September 2007 (38)
- August 2007 (46)
- July 2007 (4)
- June 2007 (3)
- May 2007 (3)
- April 2007 (1)
- March 2007 (16)
- February 2007 (12)
- January 2007 (2)
- December 2006 (4)
- November 2006 (9)
- October 2006 (7)
- September 2006 (18)
- August 2006 (5)
- July 2006 (4)
- May 2006 (2)
- March 2006 (2)
- February 2006 (2)
- November 2005 (1)
- October 2005 (7)
- September 2005 (7)
- August 2005 (2)
- July 2005 (4)
- June 2005 (2)
- May 2005 (2)
- April 2005 (1)
- March 2005 (1)
- February 2005 (3)
- January 2005 (4)