Overseas property news - Lisbon gets a look-in

Lisbon gets a look-in

Lisbon has been identified as one area that may attract property investors disinterested in the popular European destinations...

According to the Times, the Portuguese capital has "undergone a huge transformation" over the past ten years, with new developments and the regeneration of old buildings helping to Change the face of the city.

Head of the International Department at Chesterton International Andrew Hawkins explained the benefits of the city, stating, "Visitor numbers and business activity are up and a new airport is being built, which will increase transport links and accessibility."

And Alma Wright of the IRG Agency told the news source that the climate and the city's beachside location are other factors that attract visitors to the area, adding that property in Lisbon is still "reasonably priced" at between £3,300 and £5,000 per square metre.

Those looking to invest elsewhere in Portugal may wish to consider the Algarve, which - according to Golf International's David Brice - has a lot more to offer besides the abundance of quality golf courses.

Source: www.propertyshowrooms.com

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