Portugal

According to the Organization for Economic Cooperation and Development (OECD), they expect that Portugal can make a speedy economic recovery in 2006 and 2007. The country’s economy still remains brittle and growth is still expected to remain below the two percent in two years. This is according to the OECD.

With these predictions, there is the widening of the gap in living standards with other advanced economies. OECD also estimated that the Portugal’s GDP growth would average as much as 1.7 percent for the whole eurozone as a whole.

With this recent finding that Portugal is having a very much owner occupation throughout the whole Europe, there is also a highly growing percentage of being ruined vacant dwellings which is very much due from the migration from the rural areas to the urban areas.

According to the website Tribune properties, there is the ever increasing investment opportunities in Eastern countries which many foreigners and tourists have diverted their interest from Spain and France to Portugal. It also suggests that property investors are now seeing the abundant investment property that they have in Bulgaria and Estonia, which is less than half of the property that they could acquire in high risk countries.

There is also the suggestion that property investors are still looking for Spain as their main property investment, according to Barclays survey and a Spanish official. The number of these people amount to 2.2 million. There is also an interesting thing to note that most people are also opting for Portugal to be their place of destination – among which 5 percent of the respondents said – almost similar to the combined number of people wanting to get into Croatia and Bulgaria.

Posted on: Portugal

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