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Portugal emerging as overseas property hotspot

30th May 2008: Algarve Property News

Portugal is proving to be a popular choice for second home buyers from the UK, according to experts.

Currency specialist FC Exchange said that high net worth individuals who traditionally targeted the south of France for holiday homes are now choosing Portugal because the cost of living and property prices are lower.

The current strength of the euro against the pound has contributed towards the trend of investors looking to get more for their money.

Portugal's popularity with second home buyers was recently highlighted by the Irish Independent, which said its lack of ''unsightly overdevelopment'' makes it preferable to many other established markets. It was also described by the Sun as a ''land of contrasts'', as it has something to appeal to every visitor.

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