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Does Property in Portugal Prove a Good Investment
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!
Published in: Property in Portugal - Fri, December 11, 2009
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.
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Why is Portugal Still Popular with Property Purchasers?
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Buying Property in Portugal? Check out Castanheira de Pera
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Buyer Trend Change To Traditional Portugal Property
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