Algarve and Silver Cast top spots for Portuguese property investment
People looking to invest in property in Portugal should consider the Algarve and the Silver Coast, a UK-based property portal has said.
According to Homesgofast.com, the Algarve is a great place for buy-to-let property, as the ever popular nature of the area as a tourist destination means that such an investment will always be lucrative.
In addition, the site noted that while the Silver Coast is still an emerging spot, it is tipped to be "big" in the next few years and thus lucrative in terms of investment potential.
Nick Marr, chief executive of Homesgofast.com, also said that any property in Portugal which is near a golf course will be a worthwhile investment.
He explained: "If you are thinking about renting it out as a holiday home when you are not there and you're near a golf course, then you can't really go far wrong. Golf is quite an influential thing in Portugal. If you are a short drive from a championship golf course, or a tennis academy or something like that, you are going to be spot-on."
In May last year, the Daily Telegraph reported that prices in the Silver Coast are very affordable and that holidaymakers can find "the real Portugal" there.
Overseas Property News posted on 23/04/2008 16:46:45
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