Posts Tagged ‘Silver Coast’

Portugal’s tourism appeal is widening as it adds cultural attractions to the traditional sun and sand lures, it has been stated.

A spokesman for the Association of Independent Tour Operators said that like neighbouring Spain, the country has looked to culture and wine to increase the range of its appeal to visitors.

"It still has the lounging on the beach [factor], but people are realising that Portugal does have a lot more to offer. It is becoming more mature as a destination," he commented.

Such factors may interest Portugal property investors thinking of buying in areas famous for their culture and wine-making.

One area that may particularly interest buyers of Portugal property is the Silver Coast, which was featured recently in the Manchester Evening News.

In its piece on the region, the paper praised its beaches, historic towns, wineries and golf courses.

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The cost of Portugal property remains affordable to many people, it has been stated.

Property portal nuwire.com stated that the country has seen a major increase in the number of UK and European buyers in recent years, particularly in the Algarve.

Celeste Soares, a sales consultant for Imatico Real Estate agency, told the news provider: "For people that have funds available Portugal is a very attractive place to invest - especially in the Silver coast - due to the very affordable prices and warm weather."

Such a proposition may attract many of those keen on investing to buy a Portugal property, not least as the site noted that there are no restrictions on property ownership in the country and the buying process is "quite simple".

The recommendation of the Silver Coast by Ms Soares matches that provided by the Manchester Evening News last month.

The paper said the region is developing into a "serious rival" to the Algarve.

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The Silver coast is an outstanding area for golf tourism, watersports, history and property, it has been stated.

In a feature on the area, the Manchester Evening News commented that the quality of the area is such that it is a "serious rival" to the Algarve.

The paper said that Portugal property seekers could find villas and townhouses close to golf courses such as Bom Successo, where over 1,000 such dwellings have been built, including some with grassed roofs.

Other attractions of the region include the Lines of Torres - a fort built by the Duke of Wellington - as well as many historic buildings and easy access to Lisbon for a day trip.

Green roofs may not be the only eco-friendly element Portugal property investors could enjoy.

A vote in the European parliament recently backed a move to provide Regional Development Fund aid for eco-friendly housing, something that could benefit a country like Portugal where there have been many pioneering renewable energy developments.

These include the world’s first multi-unit wave energy farm at Agucadoura.

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Portugal property is still popular with buyers, a developer in the country has said.

United Investments Portugal, which launched in 2007, has announced that its Pine Cliffs apartment complex on the Algarve has proved to be so popular that another 40 units have been put up for sale.

The company said that the complex, which is next to a pine forest, near the Atlantic and boasts a golf course, benefits from being in "one of the most popular destinations for European holidaymakers", with easy access from the UK.

News of the extra sales may be an indication that the Portugal property market is still in a healthy position for investment, despite the economic downturn.

Earlier this week overseas property portal Homesgofast.com suggested that the Silver Coast is a good part of Portugal in which to invest.

It commented that the area is particularly attractive because of an absence of overdevelopment and features such as the historic walled city of Obidos.

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The Portugal property market is in a solid state and is set to remain so, it has been suggested.

Property portal Homes Worldwide has said the market in the country is showing signs of holding up well, citing the Quintas de Obidos resort on the Silver Coast as an example of a development that is still growing.

It quoted managing director of the project Miguel Abreu, who said the country’s prices are remaining steady

He added: "In fact our prices have increased 16 per cent since we began work on the site in 2007, and they are set to increase again in the next few months."

Mr Abreu said one key feature of the Portugal property scene is that planning regulations prevent over-development.

Last week the Times said that northern Portugal is one particularly favourable area for overseas investment.

It pinpointed the Silver Coast and Lisbon as the places to find the best homes.

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