September 26, 2007
The Market: Golf and Greenery
Golf is still the best headway for a good property investment, and the reason for a continued growth in the property market, anywhere in the world as proven by Portugal, which is now the third favorite second home destination of Brits seeking rest and relaxation, after Spain and France.
The game of golf also had its similar effect on much of the properties in the southern region of the Algarve, as it has had in Spain’s Costa del Sol. The wonderful and much sought-after triumvirate of Quinta de Lobo, Vale do Lobo, and Vila Sol golf resorts have actually placed the Algarve on the map of the international golfers and this effect have also given rise to a number of villas worth more than 1 million euros – this includes one of the villas by celebrity DJ Chris Evans who have a 2 million euro property there – and a very growing number of rental apartments in the central Algarve now start the cost at around 70,000 euros, but the prices can be much higher. On the other hand, the eastern part of the region, the up and coming Tavira, studios are now being sold for around 50,000 euros. Places such as Vilamoura and Albufeira are very much wonderful established resorts with beautiful sceneries and an assortment of property options.
There is also the Silver Coast which is fast becoming a property hot spot in the region, away from the Algarve. The place, located between Lisbon and Porto, and sometimes called the Lisbon Coast, it is less developed than the Algarve but offers more than fantastic beaches and breathtaking sceneries. There is also a link that is going to open up in this region, the A8 motorway, which connects Lisbon and Porto. This is all set to be opened.
There is also an apartment which is set to open on a high-end leisure and golf development called the flagship Praia D’El Rey resort or the newer CampoReal. The towns in this region, the Obeidos, Leiria, and Coimbro have properties waiting for buyers, beginning at 30,000 euros or willas that are between 50,000 euros and 100,000 euros.
On the property coast, there is the Nazare and Figueira da Foz, and stunning Sao Martinho do Porto beach.
Posted on: Spain
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