Portugal Offers Good Opportunities for Property Investors

Buyers looking to purchase holiday homes or homes to rent out in Portugal have traditionally chosen to purchase property in popular resorts along the coast. It’s easy to see why as Portugal has miles of beautiful sandy beaches, and the longest coastal National Park in Europe. However the country has much more to offer than sun and sand, and more buyers are choosing to look for properties away from the major resorts.

The scenery in Portugal can be absolutely beautiful, and it can offer rolling hills, enticing vineyards and Roman ruins, all of which are easily accessible. Property here presents excellent value, and compares very well with popular areas in other countries such as Provence or Tuscany. Many travellers are becoming more sophisticated over their demands for holiday destinations, and are constantly on the lookout for something offering something a little different combined with the familiarity of holidaying in Europe.

The number of overseas visitors is increasing, as in 2011, 14.1 million people visited Portugal, an increase of 3.8% compared to the year before as the country enjoyed record levels of tourism. Some 1.2 million were British, and this figure had increased by 12%. All in all, British tourists spent 6.3 million nights in Portugal, an increase of 14%.

This is just as well as the Portuguese economy receives around 10% of its revenue through tourism. A recent report in Reuters showed hotel revenues increased by 1.5% in July compared to a year earlier, and 915,000 foreigners visited the country, spending more nights in Portugal on average compared to a year ago.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.