November 6, 2007
Property in Algarve
In the Algarve, the developed Portugal property has beautiful luxury villas which benefit from air-conditioning, 4 bedrooms and private heated pool. The villas are located in a peaceful, cul de sac location. There are additional communal pool and tennis courts within three minute walk as is the local mini-market and restaurant. A ten minute walk takes one to a superb sandy beach with many restaurants along its 10km length. The villa is also situated within a ten minute drive of a number of golf courses some of which are Championship courses.
Algarve is the most popular region in Portugal to buy property. Prices are cheaper than those in the most popular regions of Spain and France. Aside from this, the housing market in Portugal has been solid and stable for the past 20 years . Property investors will find that Portugal Algarve offers a good medium to long term investment vehicle.
The Algarve Portugal is an incredibly diverse region. Any holidaymaker can find an enjoyable way of filling their holiday hours. Add in a warm, sunny climate almost year round it is hardly surprising that the Algarve region is the major tourist area in Portugal. With all that sunshine, naturally many holidaymakers come in search of beaches - and they’re not disappointed. With around 270km of coastline, including everything from wide sandy beaches to secluded inlets, there’s something for everyone.
Posted on: Portugal
November 3, 2007
What’s new in Portugal’s property market?
Since 1993, when revised planning regulations were introduced to Portugal’s property market to ensure that new developments fitted with their surroundings, property prices in the country have risen at around 15–20 per cent per annum.
However, despite being more expensive than some emerging European destinations and generally higher than Spain due to higher land costs, Portugal’s property market is still one of the most popular with British buyers looking for a holiday-home abroad. The Algarve still reigns as the top British choice of destination in Portugal, but the Silver Coast has seen a rise in popularity in recent years. Even places such as Alentejo and Costa Verde are now on the property buyer’s map.
Posted on: Portugal
Portugal
Situated in the far west corner of Europe with a long coastline, Portugal with its population of 10.5 million people covers a land area of around 92,000 km2. It is the westernmost country of Europe and is bordered by Spain to the north and east and by the Atlantic Ocean to the west and south.
Since joining the European Union in 1986, Portugal was in the group of the first 11 countries to embrace the euro in 1999 and noting an improvement in its economy, the IMF are stating a 1.5% projected percentage change in real GDP for 2007.
Portugal benefits from being one of the warmest European countries with yearly temperature averages at 13ºC (55º F) in the north and 18ºC (64ºF) in the south. It is an increasingly popular tourism destination with over 5 million visitors a year from around the globe with the most popular areas for holiday homes and investment in the Algarve and on the Silver Coast which enjoy a Mediterranean climate similar to southern Spain.
Posted on: Portugal
November 2, 2007
Portuguese Property Market News
A new mortgage facility, arranged by the FOC Finance, part of the Fractional Ownership Consultancy Limited, on its Stepping Stones properties in Algarve is now being offered by the Oceanico Group in Portugal. The facility would let foreign buyers to step foot on the Portuguese property market ladder without borrowing money against their UK home.
According to Oceanico Group director Simon Burgess: “It is now the prerogative of foreign buyers to look for properties elsewhere, as proven by UK’s spiraling downward property costs. These people don’t want to invest in prices that keep on increasing. They all want stable overseas property markets, such as the Portuguese property market, which offers a solid investment, and with this new Stepping Stones mortgage, the financing is stable and can support the overall investment portfolio.
Posted on: Portugal
October 31, 2007
Portugal for Overseas Investors
Portugal is still the best place to beat – with its tranquil beaches, peaceful holiday locations, wonderful hot spots and of course, many golf courses, but when it comes to property investment, there is not many, except for some apartments in Algarve region being occupied by visitors and foreigners.
read more
Posted on: Portugal
Portugal and how to Buy Property in Portugal
Property buying in Portugal is relatively direct to the point but it is advisable that investors need to seek the aid of a local solicitor who is used to property conveyancing and who can explain the proper and right way of the law since the law keeps on changing every time and of course, there is this issue of language barriers.
read more
Posted on: Portugal
October 25, 2007
Algarve golf gets €1 million boost
The Algarve’s regional tourist authority will invest nearly one million euros in the promotion of golf courses to the European and Portuguese markets this year, according to local press reports. English-language newspaper The Resident estimates that the sport contributes 75 million euros directly and 350 million euros indirectly to the region’s economy. The previous year more than one million rounds of golf were played in the Algarve.
Posted on: Portugal
October 23, 2007
Property in Portugal remains popular
Portugal’s beautiful coastline has made it a long favourite with Brits looking for a second home in the sun. But where does one look for coastal property in Portugal that is a good investment?
The Algarve
Mention buying property in Portugal and luxury developments with pools on the Algarve is what comes to most people’s minds. Famous as the home of more than 30 of Portugal’s 60 plus golf courses, the Algarve is located at Portugal’s southern tip and has more than 150 kilometres of sandy coastline. It is a popular destination for tourists in summer, when average temperatures top 80°F. The most desirable areas in the Algarve have traditionally been between Faro, the administrative centre for the whole of the Algarve region, Albufeira, a ‘once upon a time’ fishing village which has expanded since the 1960s into a major holiday resort, and Loule, a cosmopolitan town with white sandy beaches. Collectively, this is often called the ‘Golden Triangle’ – and one will certainly need plenty of gold to buy a property in this area. Indeed, paying 550,000 euros (about £370,000) for a two-bedroom property is not unusual and villas can set you back at least 2 million euros (about £1.35 million). It is almost impossible to find a bargain in these areas, but that doesn’t mean that there’s no money to be made; villas and apartments in the area are much sought-after – especially during the holiday months.
Posted on: Portugal
October 20, 2007
Why Invest in Portugal
With more than 200,000 Britons and Irishmen investing properties in Portugal, this country has proven to be one of the world’s most sought-after vacation spots, or business or for pleasure.
The reasons why Portugal is now the hottest destinations to be are aside from their people being friendly and accommodating, Portugal is also the choice country because of its ease of access, its wonderful climate and the sumptuous cuisine.
One of the stunning places in Portugal is the Algarve region, where the best sandy beaches are located. It is also found here the best in golf courses, where golfers can tee off and have fun. There are also lots of international schools here for those investors who would want to relocate.
read more
Posted on: Portugal
Changes in Portuguese Tax
Changes in result and tax reduction in Portugal are very much important, especially with people buying properties in their own name. Investors who would still want to purchase Portugal properties through offshore companies, it is advisable that you seek legal advice and specialist tax before proceeding.
Getting to Portugal is as easy as tourists can now fly direct from Faro to Dublin on Air Luxor. The airline is accommodating passengers two days in a week, on Thursdays and Sundays, as a promotional tour of 230 euros. The inauguration of these flights consisted of jet water being sprayed in a symbolic ceremony, courtesy of the Faro Bombeiros, and an excited and anxious pool of staff and reporters in the airport. There were also public relations staff from the Faro airport who were giving out momentos to leaving passengers from the flights. According to airport director, Antonio Correia Mendez, the “Irish” market is very much important since the Irish people are the fourth largest generator of passengers to the Algarve, and according to the Regional Algarve Tourist Authority, tourists from Ireland represent the highest average daily spenders in Europe.
Posted on: Portugal
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)