The popularity of Portuguese property has reached a nine-month high, reveals new research from TheMoveChannel.com.
The international portal's latest Top of the Props index shows that Portugal reentered the top three destinations in July 2017. This is the first time that Portugal has been in TheMoveChannel.com's top three since October 2016. Portuguese real estate accounted for 1.87 per cent of all enquiries on the portal in July, with enquiries rising 2 per cent month-on-month in real terms.
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Much discussion has surrounded Brexit recently, and rightly so, but with it needs to come the understanding this is a British political issue and not one of foreign countries like Portugal. For Brits however it begs the question, how does an investor navigate this turbulent time when buying property abroad?
Since these talks began, both the Portuguese and the British governments have noted they do not intend on changing the relationship between the two countries. The Anglo-Portuguese alliance dates back to 1294 and is considered to be the world’s oldest economic alliance. During periods of political instability some investors will naturally be more reserved, others however will see an opportunity to invest.
For the latter, along with those looking to increase their knowledge, what should you consider when searching and buying property in Portugal?
Increasingly seen as a desirable permanent residential location, Páteo is perfectly situated a few minutes drive from the bright lights of Albufeira and the Marina but with the relaxed feel of a traditional community.
This is a two bedroom townhouse of local vernacular, with a superb south-west aspect, lawned garden, communal pool and plenty of inside space.
France is still the number one location for British buyers looking to purchase abroad, according to overseas property and finance specialist Simon Conn.
Simon, who has been in the overseas property business for more than 35 years, said: “France has always been a hot spot and despite Brexit and all its possible implications, it is still proving to be the country we receive more enquiries about than any other.
Environmental association, Almargem, has hit out at the Sunset Albufeira Sport & Health Resort, an expansion of the Alfamar hotel site into the seafront pine forest to the east of Albufeira.
As reported in algarvedailynews.com last week, the rehabilitation of the old Alfamar hotel, between the beaches of Falésia and Rocha Baixinha in Albufeira, involves an expansion into ecological land to build additional sports facilities, villas and apartment blocks. (here)
2017 is proving to be an exceptional year for Portuguese Property.
Interest from around the world is growing and the market continues to appeal to buyers looking for a permanent overseas residence, investment or holiday home.
With quality properties selling quickly, our website and Facebook page are always the best places to look for your perfect home; so please follow us and bookmark our site now.
Today, retiring abroad is about launching a new life in a new country, starting over someplace sunny and exotic with white-sand beaches or Old World culture. But there is no one way to determine the best place to retire for every person. And with a seemingly endless amount of choices, how will you ever find the right one for you?
That is where the Live and Invest Overseas Annual Overseas Retirement Index comes in. CLICK HERE to read more....
