August 23, 2007
Prices for Portugal properties from £27,300
The golf market has been sprucing up its property as it attracted Britons from the UK to invest in a golf property in Portugal. The third favorite second home destination after Spain and France, Portugal has magnetized a following after its golf course.
The game also had same effects on the properties in the Algarve region as it also had in Spain’s Costa del Sol. The quintessential and highly restitute properties in the three top-notch villas of Quinta de Lobo, Vale de Lobo and Vila Sol golf resorts have placed Algarve on the map as an international golfers’ sanctity and has given rise to a continuing growth spur in more than a million villas – including a two million property of celebrity DJ Chris Evans – and a strong rental market. Even apartments have begun rising in its prices, which originally starts at approximately 70,000 euros but this can go much higher while in the eastern region, around up and coming Tavira, the studios are being sold for around 50, 000 euros. As for Vilmoura and Albufeira, they have fantastic and gorgeous beaches and a variety of property options for buyers to choose from.
Posted on: Portugal
August 17, 2007
Property in Portugal
Why buy a property in Portugal?
Portugal is one of the most popular countries in Europe for those buying a second home, retiring abroad or even staring a new life overseas. This is of course partly due to its welcoming climate on the south coast. Portugal is warmed by the nearby Mediterranean and warmed by the Gulf Stream further north. But the country has further attractions. Although it is catching up fast with its more established European neighbors, it still manages to retain an unspoiled picturesque charm and a relaxed, easy-going way of life, especially further away from the bustling tourist developments of the Algarve and the larger cities.
Posted on: Portugal
Ocianico Signs Up Seve
Portuguese specialist Oceanico Developments has announced that it is working with Spanish golfing legend Seve Ballesteros to develop a world-class golf resort near Obidos on Portugal’s Silver Coast. The Royal Obidos resort, scheduled to be launched to the UK in May 2007, will be spread over 130 hectares. It is just over half a kilometre from the coast and will involve an investment of some €250 million (£169 million).
The project will feature a championship course designed by Seve himself, as well as a wide range of luxury properties including a five-star condo-hotel and an array of villas and apartments. Facilities will include a spa, gym, sauna, Turkish baths, swimming pools, tennis courts, a range of restaurants and a conference centre.
Posted on: Portugal
August 15, 2007
New property developments in the Algarve
New property developments are springing up in the Algarve as overseas property investors continue to look to Portugal for strong returns on their money.
For the canny property investor, the Algarve has performed consistently well in the recent times. In particular, in the Western Algarve house prices have increased as much as 66 per cent in the last three years.
In keeping with demand, a new 97-villa resort has been launched in the Western Algarve. If its name is anything to go by, it could be a potential goldmine for investors. The Vale de Ouro literally translates as the ‘Valley of Gold’. Its cost is an estimated 42 million euros and it took three years to develop.
Posted on: Portugal
Portuguese golf resorts driving investment
Oceanico Developments’ new five-star Amendoeira resort in the Algarve features two 18-hole golf courses designed by Nick Faldo and Christy O’Connor, Jr. The resort will be managed by Troon Golf. The 64-acre site near Silves is scheduled for Phase One completion in 2007 and is expected to open in 2008.
Located 25 minutes from Faro Airport, the golf resort will be set against the backdrop of the country’s Monchique Mountains. It will incorporate a Portuguese PGA Golf Academy, state-of-the-art golf simulator, golf and sports lounge, pro-shop, bar and restaurant, and banquet facilities.
Posted on: Portugal
August 7, 2007
Property in Portugal remains popular
Unless one has spent enough time in both Portugal and Spain to get under its surfaces, one would be forgiven for lumping these together and thinking these were pretty similar. After all, both Spain and Portugal are established favourites with British house hunters. However, inspite of apparent similarities the Portuguese are not huge fans of their Spanish neighbours. The two countries have distinctly different cultures, histories and lifestyles. So what has Portugal got to offer?
With its mild, welcoming climate Portugal offers all the advantages of a sunny country. The coast is littered with superb beach resorts providing ample opportunities for practising water sports. It also boasts quaint fishing towns and a landscape draped in olive groves. What is more, Portugal boasts 12 World Heritage sites and one of Europe’s most attractive capital cities: Lisbon.
These stunning geographic features, combined with the fact that Portugal has maintained the great treasures of a renowned reputation for hospitality and a slower pace of life, have turned the country into a chosen destination for many looking for a holiday, retirement or permanent home. A member-country of the European Union since 1986, Portugal enjoys a steady economic growth but is still one of the most cost-effective countries in which to live in the EU. With food and wine inexpensive, a high quality of life is easily achievable.
Posted on: Portugal
July 31, 2007
Living and Working in Portugal
Citizens of EU states are so much lucky since they could enter Portugal by just showing a valid passport or identity card. On the other hand, visitors who opt to stay not longer for three months don’t need to apply for a residence permit. For those who intends to stay for three months to about a year need to apply for a temporary residence permit and those new arrivals who intend to stay longer in the year in the country need to apply for a full residence permit. The permits can be acquired from the Servico de Estrangerios Fronteiras. While applying for a residence permit, you will be issued a receipt which you will need to obtain your cartao. A residence permit should be carried at all times since this is your official identification card.
Posted on: Portugal
June 26, 2007
Portuguese property market news
Oceânico Group is the first company in Portugal to offer the new mortgage facility on its Stepping Stones properties in the Algarve. The new fractional mortgages are arranged by FOC Finance, part of The Fractional Ownership Consultancy Limited. It will allow all buyers, including first-time buyers and investors, who prefer not to borrow against their UK home the opportunity to get a foot on the Portuguese property market ladder.
Posted on: Portugal
April 16, 2007
New flexible Portuguese mortgage
With the emergence of a new loan which allows the property owners or investors to defer as much as 30 percent of the purchase price on the Portuguese property or land until maturity, there is more than a definite chance for property owners to purchase their properties in Portugal for less than years.
In particular, this loan covers the following: potential purchasers such as younger buyers struggling to fund the initial deposit required for their property; potential retirees who are yet to sell their United Kingdom home; those with considerable situations outside home but whose situations eventually will change; and those who wish to afford a more costly property.
Posted on: Portugal
March 16, 2007
What’s new in Portugal’s property market?
Property prices in the country have risen at around 15-20 percent per annum since 1993 due to the revised planning regulations of Portugal’s property market to guarantee that the new developments are at par with the surroundings of the property.
Posted on: Portugal
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