28th July 2008: Algarve Property News
UK-based investors are continuing to buy overseas property in Portugal, according to a new report.
Homes Overseas magazine stated that the European country has so far avoided the worst of the economic downturn which has hit the continent. ''Portugal appears to have escaped the bust cycle with prices trickling upwards over the past year or so.''
The magazine added that the Algarve remains a particularly popular area among overseas property buyers. Rising interest and restricted development in the area is controlling supply in the market, leading to an increase in property values.
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