Whenever people discuss Portugal, the three
names that inevitably come up are Lisbon, Algarve and Madeira. These are the
three best places to be and to see in Portugal. Algarve deserves special
mention as it is located at the southernmost end of Portugal and has a very
rich cultural heritage.
The property market has seen improvements
all over the world and Algarve has been no exception. Although the economy of
Europe has been recovering at a very staggering rate, property sales Algarve market has shown very positive signs. One of
the very important factors that attract thousands of foreign buyers to Algarve,
is the fierce winters of Britain! Britain especially London is famed to have
fierce winters and otherwise very gloomy weather all through the year. Thus,
some of the affluent Brits wish to escape to a second home, at a place where
the weather would be a bit soothing and the culture would not be drastically
different. It is here that Algarve emerges as the top choice. It is neither too
far from Britain, nor too expensive.
The property market in Portugal had been
hit very badly due to the recession however, the supply of property being
limited, the prices have sustained well.
Why
Algarve?
1.
The
climate is tempting! Winters in Algarve never go below 12 degree Celsius and
even the summers are super breezy with the mercury not crossing 30 degree Celsius.
2.
The
crowd is far lesser at the resorts and the beaches are almost untouched. So you
are basically ion the lap of nature.
3.
The
distance from London is just a 2 and a half hour flight! So, it makes for the
perfect weekend getaway for the rich Brits!
4.
The
taxation rules of the new Portuguese government have proved to be really
helpful for those wanting to invest in Algarve property.
Taking note of these advantages, the
foreign buyers have flocked in to buy the property
for sale in Algarve. The range of buyers include everyone from retired
couples to mid-level executives who come in for holidays with their families.
So, the demand for residential property is pretty well established in Algarve.
Changing
buyer mix
Buyer profiles have also undergone drastic
evolution over the years in the kind of property
Algarve for sale. Buyers are no longer looking for holiday homes or resorts
but are also looking at the property for investment purposes for the future.
Apart from good properties, people are also looking for good infrastructural
facilities with these properties so that they can work from their homes with
good connectivity.
Moreover, Algarve government has taken a
step more towards attracting foreign buyers of property beyond the European
Union! There is a golden rule for non EU buyers. If their property investment
in Algarve goes beyond 500000 euros, they would get a visa or a residential
permit. This could notch up the property business in that economy manifold
times. Compared to other countries in Europe this would work as a definite
advantage for both the buyer and property
sales Algarve.
For more visit http://www.idealhomesportugal.com/algarve