Thu, 08 Mar 07
Premier golf resorts on Portugal’s Silver Coast offer the opportunity for year-round rentals at 8% yield, reports Assetz...
Premier golf resorts on Portugal’s Silver Coast offer the opportunity for year-round rentals at 8% yield, strong capital growth and a holiday home in one of Western Europe’s most attractive undiscovered locations, reports Assetz, which launches its new Assetz Portugal division today.
Less than an hour’s drive from Lisbon International Airport, the Silver Coast will be well and truly opened up to the outside world in 2014 when a new airport is scheduled to open in Ota. This is set to increase the flow of tourism to the area, driving up rental demand and bringing greater investment in facilities and infrastructure, which will ultimately help drive up property prices, report Assetz Portugal.
Capital growth in Portugal was 7% in 2006 and this is expected to remain stable during 2007. With relatively low purchasing costs and minimum deposits of just 20%, it is possible for the average investor to enjoy a total of 37% annual return on cash invested, combining both rental income and capital gains.
Stuart Law, Managing Director of Assetz comments, “Golf resorts in Portugal make great business sense for property investors looking for a holiday home which can earn a decent yield through tourist rentals. With the popularity of ‘short breaks’ growing in European destinations with good transport links and the continued dominance of Portugal as ‘the’ premier golfing destination, investors are set to benefit from growing demand over the next few years.”
World-class golfing facilities make the most of the Portugal’s excellent climate, which entices over five million holidaymakers every year from around the globe. As well as being a protected area of outstanding natural beauty, the Silver Coast has many championship golf courses including the 5* Praia D’el Rey Golf and Beach Resort, recently voted Best Golf Resort in Europe 2007.
Villa da Praia - Invest in a lifestyle
The Villa da Praia village, at the Praia D’el Rey resort, has been designed in traditional Portuguese style, located 300 metres from the beach on a stunning stretch of coastline. Some apartments offer views over the beach and are fully maintained and managed with 24-hour security, ideal for investors who want to ‘lock up and leave’. As well as a Championship golf course, the resort caters for a range of leisure activities including tennis courts, a FIFA standard football pitch, wind surfing and kite surfing, as well as a Spa and several bars and restaurants.
Assetz is selling a limited number of two and three-bedroom apartments and two-bedroom houses, which are completed and ready for occupancy. Two-bedroom south-facing apartments with a terrace overlooking the pool are available from €295,000 (£198,727). All property owners benefit from free golf membership worth £20,000.
For further information contact Assetz Portugal on 0845 430 009 or visit http://portugal.assetz.co.uk
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