Tourists from Britain started flooding into Portugal in the 1960s in search of the beautiful landscapes, near constant sunshine and ever lasting beaches. They were shortly followed by tourists from other parts of Europe including France, Germany and the Netherlands. Most visitors still tend to come for short breaks, usually staying in hotels or renting apartments, yet many regular returning visitors choose to invest in a property not just for themselves to enjoy, but also to let commercially.
Owning a property in the area is appealing to many sorts of people. For those interested in owning a property in Portugal at the moment, you’re in luck. With the average house prices having fallen by 2.8% now is the perfect time to take advantage of cheaper properties and purchase your perfect dream holiday home. By comparison to the UK where you can buy a three bedroom property by the seaside in Bournemouth, for example, for around £245,000, for the same price in Portugal you could purchase a property with ocean views, four bedrooms and three bathrooms in Óbidos. Portugal isn’t only affordable compared with UK resort prices, its property prices are equally competitive compared with other sunny holiday destinations, such as France and Italy. The same can be said for Portuguese cities – a Lisbon apartment will cost a fraction of the price in other European cities.
Popular with retirees, Portugal is the perfect place for sitting back on deckchairs and sipping a cool drink while enjoying the sun. For the more inquisitive folk, there are always historic sites to see such as the Silves castle in the Algarve, which is rich with historical evidence of the ongoing wars in earlier centuries between the Moors and the Portuguese for the territory. Exploring Portuguese villages can open you up to Portugal’s traditionally beautiful architecture of white washed houses and paved streets, where you can pop in and out of craft shops and see skilled craftsmen creating all sorts of goods including pottery, woven baskets and linen and brass items.
Portugal holds a lot of appeal for foreign investors for its large association with sport. It’s especially a nation of golf and football fanatics. There is plenty to explore with regions such as the Monchique Forest and the Caldeirão mountains in the Algarve, which can be explored by foot, bicycle or on horseback. There are more adventurous ways to explore Portugal’s regions, with plenty of places both by the sea and inland to try surfing, paragliding, rock climbing and caving, which will connect you with the land as well as giving you the opportunity to breathe a different and fresher kind of air.
Of course it would be foolish not to mention Portugal’s giant golfing community. Many visitors rent a place every year to come and practise their swing in the sunshine. With tournaments being held all year round, and hundreds of lush golf resorts scattered across the country, there is always a golf buzz uniting fans in Portugal and, for the regular golfer, it’s the perfect place to settle down and play.
This is a guest article kindly submitted by Sophie Brent.