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.
Posted on: Portugal
February 28, 2007
Vale Do Lobo II Gets Go Ahead
The huge Vale do Lobo III extension project at the eponymous luxury development on Portugal’s Algarve has received final planning permission. The €500-million scheme – including a five-star, 180-suite hotel and plots for 283 luxury villas and apartments – has already been launched, with work on the necessary infrastructure now underway; the construction of the first phase of properties is scheduled to begin in early 2007.
Posted on: Portugal
December 9, 2006
The wonders of Portugal
Portugal is beginning to rival Spain and other countries in the eastern hemisphere of Europe, as it has beautiful beaches and warm weather to boast off, particularly in the Algarve. Security and environmental observance are strictly observed and implemented for people’s welfare.
Unlike Spain, where there is a saturation of the market, Portugal has managed to maintain its exotic beauty. Portugal property developers have realized that they have to plan construction well and avoid too much commercialization of Portugal’s environment.
Transportation is accessible and affordable. Flights bound for and from Portugal are available for as low as 150 pounds. Inside Portugal, traveling via land is easy as the motorways are connected to large and key cities.
Posted on: Portugal
Portugal – beautiful beaches and wonderful weather
Portugal has been popular for foreign property investors for a number of years. Its most popular place the Algarve is known for its mile-long beautiful beaches and hot weather. It is an excellent place to invest as well since property prices are still strong. However taking more of a risk in a less developed area may produce better returns.
Portugal is popular for its excellent transport links to the rest of Europe – prices of return flights range for as little as £150. The transport infrastructure in the country itself is good, and is still being improved, with motorways joining the larger cities making travel cheap and easy. Portugal has a similar sort of climate to Spain however it is seen as the more exotic location. There is also less overdevelopment, which has been seen in Spain, and developers and planners have taken more care to ensure that the beauty of the country is not spoilt by all the mushrooming commercial properties.
Posted on: Portugal
October 5, 2006
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.
Posted on: Portugal
September 19, 2006
Excellent investment opportunities’ in the Algarve
News reports have reported that the Western Algarve is very much proper and very much ripe for the picking when it comes to strong rental demand as those people and foreigners investing abroad should take this into consideration.
It was reported by the Prestige Group that the average hotel and apartment occupancy in the Western Algarve back in 2005 was 77.6 percent and with approximately 3,000 hours of sunshine the whole year through, this is definitely surprising and quite amazing.
An estimate if 15 million tourists visit the Western Algarve year after year and the figure is expected to double at around 45 million when the year 20202 comes around.
Posted on: Portugal
September 18, 2006
Portugal: Destination Hot Spots
Some ninety percent of all Portuguese property sales to foreign buyers is accounted to Algarve, primarily due to its perfect year-long climate of over 3,000 hours of sunshine and a long stretch of golden, sandy beaches. The average Summer temperature is at 30°C and Winter temperature is at 12°C. The Algarve is also known for its opportunities in sports with about thirty golf courses around the coast. Its very different to the area east of Faro where the development is more slow.
The coastline is mostly lined by tidal marshlands, close to the Spanish border. The area is part of the Rio Formosa National Park and the marshlands are guarded by ilhas or long sand flats. The small resorts along the coast have maintained much of their character. The houses in the main have modest designs but larger properties are surfacing. Two of Algarve’s most exclusive, luxurious and spacious developments are Vale do Lobo and Quinta do Lago. Townhouses with two bedrooms are sold at 675,000 euros and detached villas for three times that amount.
Posted on: Portugal
Portugal: About Portugal
Portugal is a favorite of golfers, retirees and those who love the sun. If you enjoy a game of golf then a dinner of delicious seafood with fine wine or a glass of port set in a dramatic background, then Portugal is the place to be.
The country generally has a pleasant climate with mild winter and warm summers. The Algarve is famous for its year round climate with cool summer breeze, keeping everything pleasurable.
Portugal is easily accessible. Budget airlines such as bmibaby and Easy Jet cater flights to Faro on the Algarve. There are many cheap flight options and air travel from UK to Lisbon takes about three hours. The fastest route to take if you prefer a long drive from England is the Plymouth-Santander or Portsmouth-Bilbao ferries to northern Spain and then on to Portugal.
Posted on: Portugal
September 13, 2006
Holiday Home Rental Dilemma
It has been proven with the Algarve Resident’s recent report that the law shows no sign of being altered or slowed down as the news on the complex licensing legislation affecting holiday rental properties.
Now there is one Algarve villa resort which has stepped up to the challenge. The Caspo Business, located in Praia do Carvoeiro has initiated and launched a service which offers their clients a license application for their benefit. Just like any service, this service has some mundane cost, and is not for free: on an average, the price is from 1,000 to 1,200 per property. Already, around 15 Germans clients have gone on to register and although the first applications have been submitted to the Camaras two months ago, no licenses have been issued – as of late.
Posted on: Portugal
April 30, 2006
Algarve prices highest in Portugal
Data released this week by the Portuguese National Institute of Statistics has revealed that property prices on the Algarve are the highest in the country. The average price of Algarve property reached €1,481 (£1,001) per square meter the previous month, compared with the national average of €1,225 (£829) per square meter.
The Institute’s figures comes as a little surprise to industry analysts, who point to its high proportion of affluent foreign buyers as the major force behind the Algarve’s strong property market.
Posted on: Portugal
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