24th May 2007: Algarve & Costa de la Luz Property News
The Algarve property market and other real estate sectors in western Europe are more attractive to investors than emerging industries to the east, owing to the stability and reliability they offer.
According to some agents, over 200,000 Brits already own property in the Portuguese sun, which accounts for 11% of the UK’s overseas buyers.
Portugal has golf to thank for its ranking in the overseas property market. The southern region of the Algarve is now on the international level, and the property market is starting to hot up with the weather. Tavira, Vilamoura and Albufeira are well-regarded cities in the region and feature holiday resorts and sandy beaches to boot.
But the entire country has evergreen appeal and is popular year-round. This makes it ideal as a buy-to-let, as you can enjoy your new property on your holiday and reap the financial gain for an instant income for the rest of the year.