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Portugal Property Market: Investor Demand Rising

11th June 2010: Portugal Property News



The number of overseas property investors in the Portuguese real estate market is beginning to rise in line with the country's economic recovery, it has been claimed. Overseas Property Professional (OPP) has reported that foreign buyers are returning to the market and replacing the influx of distressed bargain hunters that emerged last year.

Both developers and agents are reporting the rise, with the move being cited as an example of the returning confidence to the European destination. Typically the amount of money that investors are putting down as a deposit has gone up. ''This is money that was sitting in buyers' bank accounts but now they have a better sense of where the market is going they are ready to spend. People are a lot more quality-conscious and the developers that have built high-spec are the ones that are selling.''

Individuals looking to rent out property in the popular tourist destination may be interested in news that during 2009 Portugal hosted 11 million tourists and has a growth forecast of three per cent per year until 2017, themovechannel.com reported.

The accessibility of property in Portugal is also contributing to its continued popularity as a real estate investment destination. The drop in real estate values has made the weakness of the GBP almost redundant - the main question that any person should ask themselves today is, 'am I getting as much property for my pound as I was getting three years ago?' and the answer is simply yes. It is the accessibility of the country and the fact that lots of people go there on holiday that makes the market so popular.


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