With its economy rebounding and property prices on the up, Portugal is setting about building a future that guards against the economic vulnerabilities of the past.
One method of doing so has been to court wealthy foreigners by promoting the attractions of property ownership in Portugal and the Portuguese lifestyle, as well as the Iberian nation's value as an entry point into the Schengen Area.
As the summer comes to a close, some people will still be thinking longingly about their holidays and wondering whether to buy a property abroad.
If you do decide to purchase, there are some big decisions to make, one of which is whether to buy a new or old property.
Overseas property expert, Simon Conn, who has more than 35 years’ experience in the market, said: “A client has two choices. Either they buy a property which is already built and they can see exactly what they are getting, or they buy it off plan, often as part of a community with all the promise of what will also be built.
The Economy Minister attended a presentation at the 2016 Lisbon Property Show at which a 60 hectare development plan was unveiled for the Loulé area.
A 'technology center for business innovation' to including shops, a wellness centre and leisure facilities, situated near the Via do Infante motorway’s Loulé junction, certainly was the largest real estate investment launched at the show.
A petition was been accepted at the National Assembly on July 14, 2016 (147/XIII/1) to elevate Portugal's traditonal granite 'calçada' paving system to the status of National Intangible Heritage of Humanity.
The description that follows concludes with a link to the Public Petition site which readers are encouraged to complete, using passport or residencia numbers in the field that asks for 'Bilhete de Identidade/Cartão de cidadão.'
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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.
Investor appetite for Italian property returned this summer. The country re-entered the top five most popular destinations on TheMoveChannel.com in August 2016, according to the portal's latest Top of the Props report, climbing four places to steal the coveted third spot.
Italy accounted for 3.34 per cent of all enquiries last month, up from 2.37 per cent in July, enough to see the country leapfrog Portugal, France and the UAE to become the third most sought-after destination for foreign buyers. August's rise marks the second month of growing interest in a row, after Italy climbed one place in the rankings in July. In real terms, enquiries for Italian property surged 40 per cent in August month-on-month.
With the Portuguese real estate market returning to form and property prices steadily rising across the country, there has never been a better time to invest.
Property prices here have remained consistently stable, especially in comparison to prices in other Southern European countries where a glut of properties have left supply out-stripping demand. In Portugal and the Algarve this has not been the case, and now that confidence has returned to the market, so too have buyers.
