Posts Tagged ‘Portugal’

Portugal property can be found at bargain prices in several key holiday home hotspots across the country, it has been claimed.

Perennial Portugal property favourite the Algarve still has plenty to offer second home-hunters on a budget, while the country’s famous Silver Coast, as well as Albufeira and Vilamoura are also recommended for Portugal property seekers.

John Reilly, managing director at BuyAbroad.com, said: "There are some bargains in the Algarve and […] the Silver Coast is still very cheap.

"Albufeira is still very popular, Vilamoura is top of the list for a lot people and there is property in Vilamoura that […] is in people’s reach, so people are looking."

Mr Reilly added that the number of cheap flights that can be taken from the UK to the country also helps make Portugal property a popular choice with British buyers and holiday-makers alike.

Currency Index reported in June that the price of holiday home-type Portugal property has fallen by an average of 16.3 per cent in the past year alone.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

People hunting for an investment opportunity abroad should consider buying a Portugal property, it has been claimed.

Portugal property in the Algarve area has been recommended as a prime holiday home investment and rental opportunity, with a temperate climate and some of the country’s best golf courses adding to its appeal, Halifax International reports.

Managing director of Unique Living Serge Cowan told the website: "Prices have never been so competitive, so those buying now will own a home that in a few years time will have almost certainly shown a profound increase in its value."

Mr Cowan added that the easy accessibility of the country from the UK should be another bonus considered by potential Portugal property investors.

Portugal property located near golf courses could also be boosted by the country’s recent bid to host the 2018 Ryder Cup, according to the website.

Tourist agency VisitBritain recently admitted that while the popularity of British resorts has increased during the recession, the country still cannot compete with the guaranteed hot weather offered by Portugal property during the summer months.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

People looking to invest in Portugal property, but worried about he increasing number of Brits holidaying at home, should remember that they can’t change the weather.

While recent reports have shown the economic downturn is taking its toll on UK holidays abroad, Portugal property still offers the holiday maker something Britain cannot - guaranteed sunshine, admits VisitBritain.

Elliott Frisby, spokesperson at VisitBritain, commented: "More people are considering holidaying at home.

"[However], Britain can’t really compete with guaranteed hot weather in the same way that the Mediterranean can, [so] for many British people, Mediterranean and overseas will still be popular."

The comments will come as welcome news to those considering investing in Portugal property as a holiday rental investment opportunity.

Recent statistics from travelsupermarket.com showed that the tighter economic conditions have resulted in a 44 per cent increase in the number of Brits searching the website for holidays at home rather than abroad.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

An expert has suggested that Portugal property could provide good growth margins in future and has even suggested it would be his destination of choice to purchase another home.

Research carried out by Reuters looked at where in the world people in the property industry would look to make an investment during the current economic downturn.

Mike Sales, head of property investments at Henderson Global Property, recommended making a move to buy Portugal property, suggesting the country has a lot to offer and could provide a cheap alternative to other parts of the world.

Mr Sales said that he is currently considering buying property in Portugal that is either "east or west of the Algarve", explaining that this could prove a useful investment over time.

"I am looking at a piece of land there with a couple of friends because it is a quarter of the price of the Algarve," he told the news agency.

Earlier this month, Digital Journal reported that falling prices of Spain property was beginning to lure bargain hunters back into the market.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

People on the hunt for Portugal property may want to take time out of their search to rock on.

The Super Bock Super Rock festival is about to take place in Lisbon, between June 28th and July 5th.

Named after its sponsor - Super Bock beer - the four-day festival will attract some of the biggest international names around.

According to whatsonwhen.com, the opening night will kick-start with Metallica, with follow-up acts spread across the next few days of Arcade Fire, Bloc Party and the Magic Numbers.

The closing night will feature Underworld, Interpool and camp-popsters Scissor Sisters.

People who prefer their music a little calmer than pop and rock acts may enjoy the Cool Jazz Fest which is also located in Lisbon.

Held between July 10th and 26th, the event will bring together a wealth of world music and jazz artists at venues around the city, centring in the middle of Cascais at the Manual Possolo Hippodrome and the Marechal Carmona Park.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

The festival of St Walter is celebrated at the start of August in the city of Guimaraes, something that may interest Portugal property seekers looking to invest in the area.

A disciple of St Francis of Assisi, St Walter is the patron saint of the city, which is regarded as being the birthplace of the Portuguese nation.

The event, which dates back to 1452, sees days of processions, food and drink and festivities.

Such an occurrence may alert Portugal property seekers to the cultural and historical traditions of Guimaraes, the medieval centre of which was made a UNESCO world heritage site in 2001 for its architectural significance.

Those who invest in the area may find the value of property rises as more attention is focused on these features of the city in the run-up to 2012, when it will share the title of European Capital of Culture with Maribor in Slovenia.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

A feature on the Portugal property scene has praised the various features of such a proposition that are on offer to investors.

The American Chronicle noted that the Algarve is an area that offers "regular reliable sunshine" for buyers and is easily accessible via Faro airport.

Commenting on the prices, the news provider noted that these have not fallen swiftly in the way they have in Spain, stating: "Its market has always been considered far more sane and stable than its rather volatile Iberian sibling."

High build quality is another appealing aspect, it noted, stating this is a factor that "shouldn’t be underestimated".

Bargain hunters may find the cheapest prices inland, while those paying a premium will do so for quality property close to the sun and sand for which the area is famous, the paper added.

Overseas mortgage firm Conti stated recently that the Portugal property market is among those that have seen an increase in buyer interest from Britons seeking overseas home loans thanks to lower prices.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

Portugal property seekers can enjoy a wide variety of orchestral music at the Estoril Music Festival, which is held in July.

Fans of chamber, symphony, choral and traditional music will be able to enjoy a number of different performers and artists in an event that has been running since 1975.

Concerts will be held from July 13th to August 1st, offering visitors to the location - which is 20 miles from Lisbon - a fortnight of entertainment.

Event organisers state that the festival has always set out to mix different styles of music, combining new and old, as well as classical with styles such as jazz.

Those looking to invest in Portugal property can do so for less than before, thanks to cheaper mortgages, lower prices and the improved value of sterling, it has been stated.

Money exchange firm Currency Index listed the country among those where buying has become cheaper in recent times because of such factors.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

Overseas property in the eurozone is highly attractive for cash buyers, it has been stated.

Director of trading at money exchange firm Currencies Direct Mark O’Sullivan said the sort of buyers his company has been most frequently dealing with are those looking for properties valued between €100,000 and €300,000 (£260,000).

He commented that now is a good time to buy in the current economic climate, stating it is possible to "literally drive whatever bargain you like and you will find a distressed seller somewhere".

Such considerations may be applied by those thinking of buying a Portugal property.

As well as being good for cash buyers, the Portugal property market may also be ripe for investment in an off-plan development.

Write About Property has predicted that those who buy off-plan now will benefit because the buyer’s market will not last.

This is because "pent-up" demand will start to influence the market from later on this year, the portal forecasted.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!

Portugal property prices have become more affordable for Britons, a study has shown.

Money exchange firm Currency Index has revealed that Portugal is among several countries where the cost of buying has fallen in recent months as the property market has slowed, the Press and Journal reports.

The study of eight countries - including some not in the eurozone - showed that the cost of mortgages has fallen as central banks have slashed interest rates, while the recent improvement in the value of sterling has had a positive effect.

Spokesman for the firm Robin Haynes said: "With property prices and mortgage repayments now significantly lower than in 2008 in many of the UK’s favourite foreign holiday-home destinations, we are seeing a renewed demand for currency exchange."

Those thinking of buying Portugal property could be in very good company, it was recently reported.

Press speculation linked Hollywood star Angelina Jolie with the country, with claims she had instructed an agent to find her a beachfront property on the Algarve.

Visit Rightmove Overseas for the best selection of Portugal property. Stop dreaming, start searching!