News: Mega growth in the amazing Algarve

Wed, 10 Oct 07

Portugal was recently awarded 3rd place for ’20 best places to make money’, as voted by Channel 4’s ‘A Place in the Sun’...

It was also estimated that the potential growth in the Algarve region over the next 10 years would be up to an impressive 360%.

Rob Shaw, Marketing and operations Manager, for Spanish Algarve Properties Ltd, says, “Portugal has always been a favoured destination for those looking for a holiday home, but has long lived in the shadow of Spain.

“However, the last year has seen a dramatic rise in the number of Portuguese property sales, and the shrewd investor is starting to realise that Portugal in this current climate offers far more.

“Portugal hasn’t suffered the same overdevelopment that Spain has incurred over the years and with a 21 Billion Euro grant to help further develop the country, Portugal is in a strong position, which is making it the canny investor’s, number one choice.”

Tavira holds ‘great promise’

Tavira, on the Eastern Algarve is a region that has great promise for investors. Tavira is an area that has been over looked until now, but with favourable transport links, upgrading of infrastructures and just a 25 minute transfer time from Faro Airport it is an area which will benefit from a new found wealth over the coming years as it matures.

Rob continues, “Tavira is ideally placed to enjoy the many leisure facilities close at hand, with Benamor and Monte Da Ria golf courses along with sandy beaches all just five minutes away.

“With the continued growing investment in the area, it’s clear to see why Tavira is fast becoming one of the most sought after property locations in the Algarve and has to rate as my top tip in this region for investors.”



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