Despite the European Grexit saga – or maybe because of it – it seems that investors are sensing the chances of bargain-priced properties - and they would be correct. As Knight Frank put it when examining demand for island property, there is likely to be a Greek “fire sale”. At the same time, Greek agents admit that some prime property prices have halved over the last few years.
The soft sands and warm waters of the Mediterranean are known around the world, accounting for one of every three international tourist arrivals globally, according to the UN World Tourism Organisation (UNWTO).
Insurance tops the list of items forgotten by those buying second homes overseas, boutique real estate agency Ideal Homes Portugal, has revealed. Founding Director Chris White explains,
"Buying a property overseas is a wonderful venture, but is also a process with a lot to remember. Dealing with a foreign country's paperwork can seem daunting and there are exchange rates and language barriers to throw into the mix as well. It's an exciting process, but our experience has shown that buyers often forget things that they would undertake as standard in the UK. Purchasing insurance is top of that list."
This south facing and beautifully renovated villa is located on a slightly elevated plot in Quinta do Paraiso in Carvoeiro, offering sea views from the roof terrace.
The property has 4 bedrooms, of which two are ensuite and two share one bathroom.
The financial crisis left its mark on many markets, impacting property values around the globe. Among those hardest hit was Portugal.
The latest infomation shows that buyers are spending more.
CLICK HERE to read the full report by ILM Real Estate Group.
Oceânico Group, the leading Algarve-based resort and golf owner-operator, announces the release of homes at its three renowned resorts in the region – the Amendoeira Golf Resort, Belmar Spa & Beach Resort and Baía da Luz.
After a halt on property sales due to the global economic crisis, the Algarve and Portugal are showing significant signs of recovery. Over the last 18 months, a low supply and increasing demand has meant that prices are starting to rise.
The number of UK residents interested in buying a holiday or retirement home overseas has increased dramatically over the past year.
To gain insight into which of the three countries most popular with buyers holds the best potential for both value and investment, Meravista.com has conducted a property market analysis of France and Spain against the Algarve region of Portugal. The results show that the Algarve is the better choice in both regards for the year 2015.
Salema, near Lagos, is one of the maritime secrets of Portugal according to The Telegraph which again highlights a region of the Algarve as a holiday destination.
In an article published this Wednesday, the reporter Mary Lussiana praised Salema and the surrounding area:
