Portugal's Silver Coast 'is good location for investment'

Those interested in buying property in Portugal have been advised that the Silver Coast is a good area for investment.

According to John Reilly, managing director of Buy Abroad, the Silver Coast is an "up-and-coming area", offering buyers better value for money than the traditionally popular Algarve.

He went on to say that property prices in the area are likely to rise over the next few months, making it a good location for those interested in short-term investment.

Mr Reilly commented: "Because of the prices [on the Silver Coast] you are getting a lot more for your money compared to the Algarve. It's considered an up-and-coming area. For what you pay for an apartment in the Algarve you can get a villa in the silver coast.

"The Algarve is a good investment but it's long-term, whereas in the Silver Coast I'd expect to see price rises in the next six to twelve months."

He added that the Silver Coast has become "very accessible" due to increased flights going into Lisbon.

Overseas Property News posted on 09/05/2008 13:12:07