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Portugal has been given a 21 billion euro (£14.2bn) grant to help the country develop, which could go to improving tourist areas like Faro in the Algarve even further.
Past developments have seen the Algarve region become a hotspot for British holidaymakers and property investors.
Both are attracted by the climate, which is predictably sunny, as well as by the ease with which they can get to the region.
Regular flights fly to Faro from airports all over the UK, and the region’s attractions are a short rental car drive from the airport.
Just 20 minutes from Faro Airport there are championship golf courses as well as a range of luxury accommodation.
And the prospect of further development is likely to excite tourists and investors even further.
www.airflight.co.uk, 12/07/2007
Portugal is an evergreen in the overseas property market. Build quality is high, property prices have grown a steady 10-15% per annum since the Millennium, and there’s a broad choice of property across the price range and country. Depending on what you are looking for the Algarve has its established areas with mature resorts, each appealing to a different type of person and budget.
www.channel4.com/4homes, 26/06/2007
Brits continue to be excited about Portugal
Enthusiasm among British investors for property in Portugal shows no sign of diminishing, a Portuguese news site has stated. According to JorunalRegional.com at least 100 delegates attended the latest annual Portuguese Property and Tourism conference in London. Organised by the Portuguese Chamber, the event has grown in size each year – a reflection of the ‘widening interest for tourism and residential property in Portugal’.
Delegates at the conference heard how the Portuguese market is expanding, which is partly due to extensive interest from the UK, Ireland and other EU states.
www.propertyshowrooms.com, 17/05/2007
Get a new life in Portugal!
The sunny climate, slower pace of life, excellent food and wine, the friendly and fun people are all reasons to buy property in Portugal. By starting a new life you can improve your life. Think of the beaches, the mountains, the sea and the golf courses, think of the Portuguese properties that are far cheaper to buy than property back home. There are strong expatriate communities in Portugal, particularly on the Algarve and around the main cities like Lisbon. This means that you will be living a new life but you’ll never be too far away from a safety net of friends and like minded people. People who will help you buy your property and assist you to settle in to your new life.
Long Term Investment in Portugal.
It’s long been accepted that property over the longer term offers a safer alternative to stocks and shares and property in Portugal is of course no exception to this rule. In fact, property in Portugal has been growing in desirability which in turn means that over the medium term property prices in Portugal have been moving up and up.
A very good reason to buy property in Portugal could be the long term investment potential offered by the bricks and mortar you purchase. The economic and political climate in this country is stable meaning that you should not encounter any issues that will have an adverse effect on the value of your property investment, and if you retain the property for the long term you should be financially rewarded when you come to cash in your investment.
www.shelteroffshore.com, 15/05/2007
Liam Bailey, head of residential research at global property consultancy Knight Frank, said that countries such as Spain, France, Portugal and Italy were still the most popular with British buyers because they were the most established. These countries represented ‘a more mature market place’ and many people feel more comfortable with them, he explained.
www.realestatetv.tv, 17/04/2007
Portugal is a different kind of international property market compared to neighbouring Spain. It is a quieter and a more gentle place.
www.guardianabroad.co.uk, 22/02/2007
Portugal is a popular retirement destination for people from all around the world. A mild climate, gorgeous coastline and plentiful sunny beaches combined with excellent food and inexpensive world-class wine have made is a haven for retirees.
The Algarve and the Azores Islands are among the areas that have experienced an influx of foreign retirees and real estate investment in recent years. Property prices and the cost of living in Portugal are still low enough to attract many retired Europeans in particular. The Algarve is cheaper that the Costa del Sol or the Riviera and has even more beautiful beaches.
Another reason Portugal is viewed as a desirable place to retire is the friendliness of its inhabitants. The Portuguese are a generally kind and hospitable people, welcoming foreign visitors into their homes and culture with warmth and compassion.
www.expatfocus.com, 21/02/2007
The Algarve - Portugal is only a three hour flight from the UK, and the Algarve, the southernmost region, is a favourite with the British for holidaying and buying property for its 90 miles of coast line and Mediterranean-style climate.
With 90% of British buyers in Portugal opting for the Algarve the right property can be hard to come by. The most sort-after areas are on the coast or on one of the Algarve’s 24 golf courses, so you have to look away from these to maximise what you get for your money.
‘A Place in the Sun’ Channel 4 www.channel4.com/4homes, 4/01/2007
Portugal – More than a beach
It’s not just beaches in the Algarve; there are plenty of other options.
The Euro 2004 football tournament, which briefly spot lit eight host cities and their environs, seems to have acted as a catalyst for tour operators and their clients to look deeper into other parts of the country.
The latest news is the new scheduled and charter flights to the three mainland international airports – Faro, Lisbon and Porto. Now we can choose to travel for as long or short a period as we like, and there is a widening choice of activities, such as hiking and golf, wine tasting and gastronomic tours, as well as exploring lesser-known places such as the ancient university town of Coimbra.
Southern Comfort
The Algarve is the only sliver of the country to have a truly Mediterranean climate, albeit with cold Atlantic tides washing in over the golden sanded beaches.
http://travel.timesonline.co.uk, 19/02/2005
