Where to buy in Portugal

Released on: February 5, 2008, 11:02 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: While Spain has long been the most popular destination for
Britons buying overseas, be they buy-to-let investors, holiday home purchasers or
ex-pats retiring to the sun, at least one of its neighbours has been doing nearly as
well.

Press Release Body: While Spain has long been the most popular destination for
Britons buying overseas, be they buy-to-let investors, holiday home purchasers or
ex-pats retiring to the sun, at least one of its neighbours has been doing nearly as
well.

As it happens, that neighbour is France, but this may simply mean that many of the
best property deals in Portugal have been missed as buyers look elsewhere.

New build properties in Portugal, for example, are raising the bar when it comes to
quality standards, according to James Aitkin, director of Portuguese property
specialists Quinta Sales.

He said: \"Newer Portugal properties that are being built are of a higher
specification than possibly the UK in terms of dampness. The properties here now are
so well built. The standard in construction is the best I have ever seen.\"

As a result, he said, new build was definitely better for investors than older
properties, many of which were still prone to damp problems.

In addition to this, newer properties often have another feature which was only
permitted after a law change 12 years ago - basements, or caves, as the Portuguese
like to call them, Mr Aitken explained.

\"They allow natural light to come in, and these rooms are being used as bedrooms,
playrooms, cinemas, bars . They are becoming a very popular feature,\" he stated.

Mr Aitken said the demand for such properties was \"huge\", which in turn means that
the supply is not. Therefore investors may decide to do plenty of searching for the
right deal before they spend their money.

When it comes to location, the silver and blue coasts were both listed by the
Foreign Property Buyer website as good places to buy: These areas would see major
increases in demand and consequently price over the next few years, the site
predicted, mainly due to the potential boost to the tourist market the scheduled
opening of a new airport at Alcochete is due to bring from 2012. At present,
Property Buyer stated, these areas are cheaper than the Algarve, making them an
\"attractive alternative\" for investors.

Finance Daily also listed the Silver Coast as a good location in which to invest,
highlighting attributes such as the quality of beaches, food and \"authentic\" towns.
Among these are Azare and Peniche, the latter formerly being an island until
siltation turned it into a peninsula with plenty of beaches. Another factor which
could help the growth of this region is the fact that a new motorway has just
opened, providing a fast connection to the attractions and culture of Lisbon.

Thus while Spain and France may top the lists of popular destinations for overseas
buyers, Portugal may offer more for the discerning investor than some might imagine.

In today\'s world Property investment is an excellent investment option especially
investment in UK

Web Site: http://portugal.assetz.co.uk/

Contact Details: Address:Assetz House, Newby Road, Stockport,Cheshire

zip:SK7 5DA

ph:0845 400 7000

fax:0845 400 6010

email:linkexchangeseo@gmail.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •