By Bart van Linden features@algarveresident.com
Bart van Linden is a director of Exclusive Algarve Villas, a local real estate company focused on selling high end properties and investment related real estate throughout Portugal.
With Portugal property searches up by 60 per cent compared with March 2009, the UK’s largest property portal rightmove.co.uk proves that Portugal is back in one of the top spots.
With the UK elections in sight and a pound which has gone up a bit, more UK buyers seem to be back on the buying trail.
Statistics published by the FT showed that Portugal property prices have risen in 2009, proving that the Portugal real estate market has held up well during these difficult times.
Being a safe investment, buyers can take the advantage of purchasing at a discounted price. With tourism figures up from 2009, the rental income will gain grounds as well. Very positive investment projects have been announced and are on the way.
Ryanair has its new base at Faro airport and the 13 new routes can provide an additional 1.6 million tourists.
The direct flights to Scandinavian and Eastern European countries will for sure give the markets a boost. Many clients were frustrated with long and expensive indirect flights in the past.
The Algarve Race Track announced that the new Porsche’s Panamera-S race car will get a brand new factory on site, which is great news. A luxury car brand which will build its race cars here at our doorstep! This will attract a different type of client to this area, not to mention journalists and media.
These large investments prove that successful companies believe in the Algarve’s future and are pushing on with their projects.
For the individual buyers, there are some great deals around and the fact that well priced properties are not hanging around on the market for very long shows that things are moving again.
Bart van Linden is a director of Exclusive Algarve Villas, a local real estate company focused on selling high end properties and investment related real estate throughout Portugal. He can be contacted on 282 353 019, 912 826 969 or email at info@eavillas.com
