portugal property benefiting from array of factors including economic performance
News Posted On: 17 November 2009
Portugal's economy is now firmly out of recession, with a 0.9% growth in the third quarter, following the 0.5% growth recorded the quarter before.
Portugal's economic strength is leading to Portugal property becoming very popular. It is apparent that some of those people currently enquiring into and buying Portuguese property, are those who would normally have been looking at Spain, but are choosing Portugal because its economy is in much better shape than its neighbour's.
There is another reason for Portugal's current popularity, according to Liam Bailey, director of sector specialist copywriting company Write About Property.
"The people who are currently buying overseas property are those well enough not to have been affected by the downturn thus far. They are returning to market now because, as it becomes more clear that the recovery is underway, it becomes less likely that they will be affected. Golf is a very popular sport among those who are "well off", so the Algarve, Europe's golf centre is obviously doing very well with the current wave of buyers," he said.
The fact that Portugal property prices are currently growing, according to the Knight Frank index of global house prices, is undoubtedly also a factor in Portugal's current popularity with overseas property buyers.
As is the array of excellent offers currently being made by developers and agents in the country. Things like: free furniture packs, maintenance fees paid for 2 years, cash back, guaranteed rental yields and more -- most properties are also mentioning the availability of financing for Portugal property purchases.
View Portugal property for sale
View overseas property for sale
Written by Les Calvert
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