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Algarve property is a safe bet for investors

7th March 2008: Algarve Property News

The property market in Portugal remained stable and profitable throughout 2007, with a 12% growth and strong rental yields for investors.

For those looking for buy-to-let properties, the Algarve is a very good option, due to the year-round rental market. People are attracted by the warm climate and the many award-winning golf courses, some prefering to go out of season when the resorts are less busy. Adding to the recent interest in the Algarve is the opening of the Formula One race track in Portimao. The race tack is expected to bring a further 1 million tourists a year for Formula 1 competitions and the Moto Grand Prix.

With huge investments in tourism and infrastructure announced by the Government, it looks like the Portuguese property market will build on its success this year.

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