The recent Overseas Property Show in London has highlighted the relaxed optimism of British investors when it comes to purchasing a second home overseas in the wake of the Brexit vote.
The popular show enjoyed an impressive turnout when it took place over 10-12 September in the Novotel London West Hotel & Convention Centre.
Chris White, Founding Director of leading estate agency Ideal Homes Portugal, an exhibitor at the show, comments,
"The London Overseas Property Show provided affirmation of something we've been noticing since the Brexit decision was made. Essentially, Brits appear to be relatively un-phased by the potential impact of Brexit when it comes to ownership of property in Europe.
"We spoke to a lot of potential buyers at the show and in general people are very optimistic about investing in foreign property and the benefits that it brings. The overall attitude was relaxed in the face of Brexit - it just doesn't seem to be a worry for most people who attended."
The show generated a large turnout of potential buyers keen to visit Portugal on inspection trips arranged through the Ideal Homes Portugal team. Buyers were interested in residential and commercial properties across the Algarve and in and around the Lisbon area. This restaurant, health club and spa with live-in apartment for sale for just €499,000 was of particular interest to a number of visitors.
Portugal remains a popular destination for Brits looking to purchase a holiday property, either for their own use or for its rental potential (or both). The market there continues to grow, with the August 2016 RICS/Ci Portuguese Housing Market Survey revealing that demand continues to outstrip supply, with house prices rising across all regions covered by the report.
With potential buyers seemingly unconcerned about the impact of Brexit on their plans, Portugal's charming blend of sunshine, sea, golf and incredible value for money is clearly still a winning combination.