Published on 31 October 2006 at 10:17 am
Filed under: Europe:- Portugal Property Guides » Portugal for Overseas Investors
For many people Portugal conjures up images of an idyllic holiday location offering great sunshine, fantastic beaches, plenty of golf courses but little in the way of property investment potential other than letting out apartments in the Algarve region during the summer months to visitors…
But in reality there is a variety of opportunity across Portugal for property investors mainly looking to raise an income from their commercial or residential real estate assets and this is the Amberlamb guide to Portugal for overseas investors.
Portugal is an interesting and historic nation with a wealth of tourism potential across the country not just along the Algarve region meaning that well located and furnished properties with access to areas of local interest will rent well especially during the Easter holidays, bank holiday and half term holidays and between the months of June and mid-October.
The country also has a number of key towns and cities which offer both tourism potential as well as the ability to let out property to local professionals and expatriate executives and there is of course the commercial side of property investment opportunity in Portugal to examine as well which encompasses everything from hotels and restaurants to shopping facilities and even golf resorts.
However, before an investor gets excited about the property market in Portugal it’s worth mentioning that economically speaking Portugal is not a particularly dynamic member of the European Union, and as a country reliant on its service based industry it has suffered significantly from the concept of offshoring and near-shoring for cost efficiency. Therefore GDP annual growth is currently negligible and there are pockets of Portugal that suffer from high unemployment. This means that an investor looking to profit from the local market should be careful about locating real estate investment and examining the local market for affordability as well as demand before committing to a purchase.
Property prices along the coast and in cities such as Lisbon and Porto have been climbing consistently proving that there is demand for well located assets from both the local and overseas markets but few overseas investors buy in Portugal hoping to realize a fast turn around on their capital investment….rather the market is one conducive of income production where an investment made and held for the medium to long term can return an overseas investor a fair capital appreciation.
Europe:- Portugal Property Reports
Complete listing of all current property reports for region: Europe:- Portugal
