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Interest in Portuguese Property on the Up

7th January 2007

According to currency specialist HiFX, enquiries from British people buying property in Portugal have more than doubled since March 2006.

On this basis, Mark Bodega, marketing director for HiFX, said that Portugal is ''in the first tier'' of destinations that British property buyers regularly choose for investment. Portugal has a stable economy and strong rental sector due to the small army of Brits that holiday in the Algarve each year.

The Algarve region on Portugal's south coast has continued to prove particularly popular among British holidaymakers.

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