According to experts, Portuguese property has become more affordable both in resort areas and other parts of the country.
There is no doubt that the market had seen falls as overseas investors have dwindled in the recession. In the major resort areas prices have dropped by around five per cent, while elsewhere the fall has been 25 to 30 per cent. Such dips in cost may interest buyers looking at acquiring property abroad.
There is no doubt that the market had seen falls as overseas investors have dwindled in the recession. In the major resort areas prices have dropped by around five per cent, while elsewhere the fall has been 25 to 30 per cent. Such dips in cost may interest buyers looking at acquiring property abroad.
Those who do invest in Portugal may be encouraged by recent news that it was among the countries reporting an end to their recessions. During the second quarter of this year Portugal's gross domestic product grew by 0.3 per cent which was the same figure as those recorded in the period by France and Germany.
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