Property in Portugal
Portugal’s property market is one of the most established overseas markets in the world. Since the early 1980’s Portugal property prices have seen strong growth with the country experiencing a property boom comparable to that of Spain. However Portugal has benefitted from some of the strictest planning laws and building regulations in Europe. The Portuguese authorities have been proactive in retaining the country’s natural beauty, preserving traditional culture and most importantly limiting property supply.
Portuguese properties for Sale
Portugal’s rigorous planning permissions have resulted in a lower level of real-estate supply, and generally, a higher standard of build quality and larger properties. By avoiding the overdevelopment of destinations like Spain, Portugal has emerged as a more ‘exclusive’ destination for holiday makers and property buyers alike. As a result properties in Portugal are extremely popular amongst expats and retirees. A Place in the Sun have acknowledged this popularity by placing Portugal in its top 5 destinations to buy property abroad; an accolade the country has held for the past 4 years.
While putting strict building laws in-place to prevent property overdevelopment, the Portuguese Government aided by the EU has invested heavily in improving infrastructure. Millions have been spent on road and rail links, airport terminals and a range of tourism enhancing facilities including new marinas, beaches and shopping centres. Not only has this expenditure significantly boosted tourism, property has become more valuable due to increased accessibility. However it’s the significant Golf investment that has really boosted the Portuguese property market and tourism industry.
Portugal is now considered the world’s leading Golf destination. The Algarve alone boasts 29 championship courses, but no matter where you are in Portugal there’s plenty of golf to choose from. There are two major advantages a thriving Golf scene has on a country’s property market. Firstly the season is significantly extended as the golf season runs for longer than the traditional holiday months. This prolongs the periods in which premium rental rates can be charged ultimately granting investors larger returns.
Secondly, golf provides great exit options. Golfers often buy property abroad and use it to take advantage of their hobby. As a result, property with access to golf is usually easier to sell at re-sale because it has an ‘edge’ over standard property and there is strong market for it amongst golfers and expats.
However the most important point to consider about today’s property market in Portugal is that prices have dropped considerably over the last couple of years because of the worldwide economic crisis. This has created a fantastic opportunity for those who have considered this market before or are looking at it for the first time as there is extraordinary value for money available in key property hotspots. This guide aims to better inform you of the prime hot spots in Portugal and what’s on offer there.
Residence Golf
Was €191,000 €99,000 £86,087 €99,000 $137,740 Brand new 1 bed on ‘Millionaire Row’ Vilamoura Fully Furnished Great Location Huge Outdoor Terrace
RDVM-001 One Bed Apartment for sale in Residence GolfVilamoura Laguna
Was €278,250 €170,000 £147,827 €170,000 $236,522 The best value Duplex in central Vilamoura Stunning Duplex Surrounded by 6 Championship Golf Courses The last property of its type available
ML-1 One Bed Duplex for sale in Vilamoura LagunaPorto Do Mos
Brand New €225,000 £195,653 €225,000 $313,044 New 2 bed apartment near the beach in Lagos 200 meters to Porto Mos beach Terraces with built in barbecues Fully fitted kitchens and bathrooms
PDML-001 Two Bed Apartment for sale in Porto Do MosPraia Del Rey
Was €303,187 €265,000 £230,435 €265,000 $368,696 Silver Coast 2 bed, moments from Golf and beach Europe’s Leading Golf Resort Extensive on-site facilities within gated community Up to 80% mortgages available
PDR-VDPA Two Bed Apartment for sale in Praia Del Rey- Exclusively Sold by Select Property
Belharcus Village
Amazing Views €380,000 £330,435 €380,000 $528,696 Luxurious 2 bed apartment in Olhos D’ Agua near Albufeira Exceptional build quality 100 metres from the beach 2,400 sq m of private gardens
BVODA-001O Two Bed Apartment for sale in Belharcus Village Praia Del Rey
Beachfront Location €538,450 £468,218 €538,450 $749,148 Beachfront 2 bed townhouse on Portugal’s Silver Coast 7% Rental Guarantee Extensive on-site facilities within gated community Up to 80% mortgages available
PDR-VDPTH3 Two Bed Townhouse for sale in Praia Del ReyQuinta do Alto
Great Location £629,500 £629,500 €723,925 $1,007,200 Luxury 4 bed villa in the Algarve’s highly desirable Vilamoura Very large private villa Private Pool Private Garden
QDA-Villa11 Four Bed Villa for sale in Quinta do AltoAmendoal
Luxury Villa €790,000 £686,957 €790,000 $1,099,131 Extremely spacious 5 bed villa near Albufeira on Portugal’s Algarve 6000m2 plot with swimming pool and fruit trees 5 bedrooms & 5 bathrooms Private underground garage for 6 cars
villa-casa-o-amendoal Four Bed Villa for sale in AmendoalQuinta De Saudade
Elevated Private Position €2,995,000 £2,604,348 €2,995,000 $4,166,957 Spectacular 6 bed villa in Portugal’s highly desirable central Algarve Brand new bespoke luxury Villa Infinity Pool and private tennis court Linked 2 bed annex for guests
Casa De Quinta Four Bed Villa for sale in Quinta De SaudadeMonte Da Eira
Perfect Location €123,000 £106,957 €123,000 $171,131 Great value 1 bed in a fantastic location near Albufeira Surrounded by country in an exclusive residential area. Fully equipped kitchens with granite worktops Private underground garage
MDE-6 One Bed Apartment for sale in Monte Da EiraOlhos De Agua
Was €158,000 €130,000 £113,044 €130,000 $180,870 Stylish 1 bed is the popular suburb of Olhos D’Agua near Albufeira Central Village location 10 minutes to beach Air conditioning included Private underground garage
OA-BB1 One Bed Apartment for sale in Olhos De AguaSt Amaro
Very high quality €135,000 £117,392 €135,000 $187,827 Luxury 1 bed pool apartment in Lagos Exceptional build quality and high standard of finish 5 minutes from Lagos marina Heated swimming pool
SA-1 One Bed Apartment for sale in St AmaroVistas Das Ondes
Great Location €155,000 £134,783 €155,000 $215,653 1 bed apartment perfect located in Olhos D’ Agua Outdoor Pool & Tennis Court 300 metres from the beach Minutes from shops, bars & restaurants
VDO-001 One Bed Apartment for sale in Vistas Das OndesOlhos De Agua
Was €199,000 €162,500 £141,305 €162,500 $226,087 Spacious 2 bed apartment in the stylish Olhos D’Agua suburb near Albufeira Central Village location 10 minutes to beach Air conditioning included Private underground garage
OA-CI2 Two Bed Apartment for sale in Olhos De AguaMonte Da Eira
Perfect Location €163,000 £141,740 €163,000 $226,783 Excellent 2 bed in a great location near Albufeira Surrounded by country in an exclusive residential area. Fully equipped kitchens with granite worktops Private underground garage
MDE-15 Two Bed Apartment for sale in Monte Da Eira- All Properties
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* The currency guide rates used for illustration purposes on this page are EUR1.15 = GBP1, USD1.6 = GBP1, AED5.6 = GBP1, BBD3.18846 = GBP1. Page Generated on February 21, 2012, 11:54 am.