A new sector of purchasers of Portuguese properties has been identified, according to property portal House Sales Portugal (http://www.housesalesportugal.com/): wealthy investment clients looking to leverage some of the most competitive property prices in Europe and low interest rates.
Property sales in Portugal are due to be given a boost by a new class of property purchasers high net worth individual investors and wealthy investment groups. Real estate investors have begun to set their sights on property in Portugal as well as and sometimes in place of other European countries such as Spain and France. It is thought that contributing factors to this new-found attention include the current low level of interest rates, the fact that Portugal has some of the cheapest quality properties in Europe and the inherent appeal which Portugal holds (climate, accessibility, beautiful geography, beaches, golf courses, cost of living, etc.). Reports from Themovechannel.com indicate that 11 million tourists visited Portugal in 2009 and that a growth forecast of three per cent per year is predicted until 2017.
The reports of this increased interest in Portuguese property from wealthy investors came from financial industry news source MyIntroducer.com who found that Portuguese real estate agents have seen more high net worth investor clients and a slight decrease in the number of people who want to buy property in Portugal for lifestyle purposes. Investors are looking to buy Portuguese property in order to profit from the high rental yields that are possible with properties in many areas of the country. This, combined with low interest rates and property prices makes for what many investors see as an opportunity not to be missed.
If you are considering investing in Portugal or need to sell a Portuguese property then visit http://www.housesalesportugal.com/.