Investors eye ‘sophisticated’ portugal
Investors are tiring of Spain’s ‘fish and chips’ sensibility and gravitating towards Portugal…
Nick Marr of Homesgofast.com, explained: “Portugal might not be as big and brash as Spain, but it has a steady overseas property investment market. The market displays consistent steady capital growth and it is popular among discerning buyers.
He added: "I would say it's more of a sophisticated crowd that is going to Portugal. It's a market that is expanding as well - the Silver Coast is an example. Despite the strong competition between France and Spain and all the emerging markets, such as Bulgaria and Croatia, Portugal is always going to be attractive to people.
â€People were now trying to get away from the resorts in Spain, and Portugal is less fish and chip-sy" than its Mediterranean neighbour’.
According to the Instituto Nacional De Estatistica, more than 11,000 building permits were licensed and more than 6,600 buildings were completed in the third quarter of 2007.
