Investors urged to consider the Western Algarve

Friday, November 23, 2012

Investors urged to consider the Western Algarve

Overseas property investors looking for a Portuguese property with a difference are being urged to consider the lesser known Western Algarve, which offers a fantastic lifestyle and an abundance of discounted property.

Nick Mustafa,a spokesman from agents Properties Abroad comments: “The un-spoilt Western Algarve is a gorgeous, surprising and delightful discovery for people used to a more hectic lifestyle. Surrounded by stunning beaches and top golf courses, this is the perfect destination for a holiday home, or an investment property. The climate is gorgeous and the sunsets are a dream. We have just been offered an amazing deal to pass on to our clients: a group of luxury two bedroom fully furnished apartments, right by the sea for just €160,000. These were recently bank valued at an average of €250,000.”

The news follows a report from the Royal Institution of Chartered Surveyors which states that the rental yields of Portuguese property have "continue to benefit from the fallout in sales". Unable to secure mortgage funding many Portuguese citizens have been driven towards the rental market, with landlords able to profit at both ends of the transaction – picking up cheap property and renting it for a decent return.

Search for property in Portugal

Read our guide to buying a property in Portugal

Author

A Place In The Sun