Property in Portugal
From the Algarve to the Silver Coast, from beachfront homes to investment golf properties, there are all sorts of property for sale in Portugal
Portugal is being talked up again as a great place for a short-term punt on property – but again we’ll show you why we think that anything other than a longer-term commitment to property in Portugal is less than wise!
Earlier this year we ran a report about how ‘property in Portugal was not necessarily so popular’ after being inundated with what we felt were less than well rounded and researched articles about the property market in Portugal weathering the international war on real estate values.
Reports then went fairly quiet about the nation’s real estate offering for a while – but once again focus has been turned to Portuguese property following press releases reporting, among other things, that Zara Phillips has invested in the nation’s real estate market. Added to this is the fact that the Global Property Guide has published findings that the value of property in Portugal is continuing to rise…
…so, is it time for us to eat our words? Does property in Portugal prove to be a good investment? Well, for those who have been lulled into buying and speculating off the back of recent positive media reporting of the nation’s economic developments, I’m afraid that we can’t actually offer anything up in support of taking a short-term punt on the market! We stand by our earlier argument that Portugal is potentially good for the long-term investor, but that a short-term approach to investing in property in Portugal will not necessarily prove profitable.
Despite an upturn in positive media attention for Portugal’s property market, we at Shelter Offshore are not convinced that Portuguese property is a good buy right now
A recent article in the Guardian about the appeal of property in Portugal spawned a host of spin off articles on property related websites that grabbed hold of anything positive about the nation’s market from the original piece, and pushed the appeal of the country’s real estate to the max.
However, despite the overall positive findings of the original Guardian article’s author Graham Norwood, we would like to argue that property in Portugal is not necessarily so popular with Britons at the moment – even those seeking to buy into a more stable market in Europe perhaps.
The appeal of the nation is of course great, but it is not as great as the appeal of France or the appeal of Spain for holiday home and investment property seeking Brits looking specifically at Europe. And of course, for those turned decidedly off by the horrendously hideous euro/sterling exchange rate at the moment, Portugal is definitely a no-no. In this report we look at reasons not to buy property in Portugal, and present them along with the positives about the market so that you can make a more informed choice.
Examining the ongoing appeal of traditional property for sale in Portugal requiring renovation and restoration
If you think about it, the mass media hype about negative pricing adjustments in the world’s top property markets has mainly missed out Portugal. You may think that this is because Spain’s market crashes make for a far more exciting story, or the fact that London’s high-end real estate landscape is altering is more interesting perhaps – but actually, the reason why Portugal has avoided making the sensationalist headlines about falling prices and unhappy home owners is because its market remains far more stable and well adjusted.
Of course, that’s not to say that the property market is over-flowing with buyers or that there is more affordability globally speaking for properties in Portugal! But Portugal’s has remained a much more stable and realistic property market over the last decade of record gains in other parts of the world. Taking the over blown Algarve out of the equation for a minute, the appeal of Portugal has been far less attractive to the get rich quick investors, rather it is a nation that more strongly appeals to lifestyle buyers and long-term investors.
If you fall into either of these categories you may be interested to learn that there is still very strong demand for traditional property for sale in Portugal, and that it is a nation that can fuel this desire with stunning homes for sale all across the country at relatively reasonable cost.
Taking a good look at the realities and practicalities of buying a property in Portugal to renovate
There’s no such thing as an affordable property really is there, after all a property is the most expensive thing most people ever buy?! But then there are ways to get your hands on a more reasonably priced piece of real estate. For example, you can buy at auction, you can but a renovation project or you can buy abroad in a country where their property is more affordable in relative proportion to the nation in which you currently live.
And what about combining all of these ideas and buying a renovation property in Portugal, perhaps at auction? Move away from the popular Algarve region and Portugal is still among the most competitively priced country in Western Europe for property. Heading off the beaten track and looking at properties other than new builds will reap you substantial dividends in terms of what you actually get for your money too.
If you’d like to live abroad or use a property abroad as a way onto the housing ladder in the UK or as an investment for the future, in this article we’ll take a good look at renovating a property in Portugal where demand remains high for attractive homes, where the legal system is secure so you shouldn’t get ripped off (!), and where you can still find affordably priced skilled labour.
Examining the rising potential value and profitability of golf and marina based properties in Portugal
With markets melting and credit being crunched into the carpet is there anywhere in the world to buy a potentially profitable property anymore? Or should we all just accept the fact that property can no longer be considered an investment, and instead see it as just a luxury item or a necessary roof over our heads?
Well, having searched the length and breadth of the property world we have discovered a couple of pockets of potential profitability in Portugal in the form of golf and marina property. If some sun, sea, sand and sagacious spending appeals to you, how about the following ideas for securing profitable property in Portugal to beat the price crash?
Of course, we cannot guarantee that any investments made will actually return you any cash, but there would appear to be something of an insatiable appetite for golf property on the Algarve and marina property in Portugal’s favourite resorts.
In this current financial climate, who is able to profit from property in Portugal for example, where expats are reporting a slow market?
Examining Portugal’s Lisbon for property hunters, jet to let investors and those with an interest in Portuguese real estate
Introducing a new area of Portugal for property hunters to explore if they want more affordable property than on the Algarve
What is it about the Portuguese landscape that continues to draw in property purchasers?
There are a number of ways that you can find an affordable home in the hot property market in Portugal