Until recently, Portugal has been one of those sleeper European countries where rustic charm and pastoral living have gone relatively unnoticed.
In the 1960’s, the spotlight has been shining very brightly on Portugal, and in particular the southern parts of Portugal. An exploding tourism market has been met head on with a flurry of development to meet the vacationers needs, and a wave of expatriates looking to live the good life have also shifted their attention to Portugal.
Recent surveys confirm 43% of British people are considering buying a home in the sun and 31% are planning to retire abroad.
The same survey confirmed that Portugal is in the top three most popular destinations and is now the most searched destination on the internet. |
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There are a multitude of reasons for purchasing property in Portugal, and the following list of ten reasons is a persuasive argument for becoming a property owner in Portugal.
Property Prices: Compared with property values in much of Europe, the cost of purchasing property in the Algarve region are still competitive despite the recent boom in real estate. That means that if you decide to purchase property in this region, you’re likely to consider it a bargain compared to what you would pay in the UK.
English Speaking: Due largely to the British interest in the Algarve region, services and products such as newspapers and magazines, local television and radio are also being offered in English. In addition, due to the fact that the Algarve is largely a resort region, many of the people who work associated with the tourism industry also speak English.
Infrastructure: The Portuguese government is working hard to update the roads, railways and airports in the area in order to support the influx of visitors and expatriates. There are a variety of large carriers that fly in and out of the international airport in Faro, ensuring easy access to other countries, and the railway system inside the Algarve is being expanded to connect towns and cities together and to the airport. Moving around the region has never been easier.
Stable Economy: The Algarve’s economy is largely supported by the tourism industry. As such, there is a variety of other business and services which operate to support this industry, all of which creates a stable economy. It is the perfect environment to start a small business, especially if it caters to the tourist industry.
 Demand : Property prices in the Algarve region continue to rise at a steady rate, therefore you know that any property you do purchase will have a relatively short time on the market if you choose to sell. In addition, strong demand for property ensures that prices will continue to rise and may enable you to achieve a return on your investment.
Schools: Many people with school-aged children choose to purchase property in the Algarve region due to the exemplary array of schools. With both state run and private schools available, there is something to meet every need. International schools offer programs in the English language, and the University of the Algarve is located in the capital city of the region, Faro.
Climate : The sun-drenched southern coast of the Algarve region is the epitome of the perfect climate. With each day approaching twelve hours of sun and a temperature that hovers between fifteen and thirty degrees Celsius, each day is a pleasure. Cool breezes from the ocean whisk away any moisture in the air so that you’re left with weather that is perfect for anything. Many people choose to buy land in the Algarve in order to escape the dismal drizzly days of Western Europe or the cold harsh winters in the north.
Recreation : With more than thirty perfectly groomed golf courses in the Algarve region, as well as myriad pristine beaches, buying property in the Algarve region is a perfect excuse to enjoy a varied outdoor life. In addition, the region is renowned for sheer number and variety of festivals which occur year round. From festivals celebrating various saints to music festivals, there’s always something going on in the Algarve. Purchasing property in the Algarve gives you a perfect home base from which to discover all the entertainment of the region.
Variety: The laws of supply and demand are actively at work in the Algarve region. Unlike some other rural areas of Portugal, there are a wide variety of types of property available in the Algarve. From rustic cottage to ultra-modern, there is something for every taste.
Way of Life : With a laid-back, holiday type atmosphere in much of the Algarve region, the lifestyle is much more hedonistic than in other parts of Europe. Restaurants, bars, wineries, golf courses, beaches, cobblestone roads all lend themselves to a slower, more relaxing lifestyle which many people find attractive. Living life at this slower pace is the impetus for many when deciding to purchase property in the Algarve.
Regardless of the reason, the Algarve region of Portugal has much to offer the property buyer. From changing your lifestyle to just making an investment, this are is steeped in the good life with an infectious desire to live life to its fullest.
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