Portugal has always been shadowed in the overseas property market by hot spot superstars Spain, France, Italy and Turkey. Experts are saying that now, however, could be Portugal’s time to shine.
While some economists feared that Portugal’s financial woes could reach that of Greece’s recent debt catastrophe, figures from the first quarter of this year show that Portugal has had the highest percentage growth in all of Europe, and was the first country to come out of the recession. It is also predicted to have a three-percent growth each year until 2017.
Real estate experts have noted that investors started snatching up homes last year when the property market offered good deals in a rough economy. But with the recent news of the Portugal’s strong recovery—the country welcomed 11 million tourists last year—serious investors are back and putting money down on properties, according to agents and developers.
Read this news article on Buyassociation.co.uk.
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