Investors 'should consider Portuguese market'

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INVESTORS 'SHOULD CONSIDER PORTUGUESE MARKET'

Tuesday, 08 Jan 2008

Portugal could be a good destination for overseas property buyers to consider, experts have advised.

According to the SaveBorrowSpend website, the Silver Coast region is proving to be especially popular with foreign investors, as it offers a number of bargains.

The extent of its affordability was highlighted when the portal said a nine-bedroom house located in the area could be snapped up for just £160,000.

Furthermore, it stated that apartments on the Silver Coast - an area well-known for its attractive beaches - would set people back about £40,000.

SaveBorrowSpend added: "The downside is you will need to brush up on your Portuguese as hardly anyone in this region speaks English."

However, the portal said this meant the area was likely to be "relatively unspoilt" and appealing to people who enjoyed "breaking new ground".

This comes after financial services company Baydonhill predicted that Portugal would be one of the most popular markets for British investors this year.

Property Select offers a comprehensive selection of overseas property in Portugal, news, members club and reviews of the latest property developments.