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Portugal is an established market for the overseas property investor. The cheap cost of living combined with over 300 days of sunshine annually makes owning property in Portugal both rewarding financially and as a home or second home. Portugal used to be considered as a poor relation to Spain in terms of owning property, but in many ways Portugal has equalled if not surpassed it’s larger rival due to the investment in new property developments, prestigious golf courses (including Vila Sol and Vale do Lobo) and tourism in general. Indeed, recently Portugal was voted as the number one location for overseas property investors.

The most popular area of Portugal would be considered as the Algarve, which is situated on the Southern coast. Resorts such as Albufeira, Lagos and Vilamoura can provide properties of varying size and style to suit most tastes. You can expect to pick up an apartment in Central Algarve for approximately £70,000 or a smaller studio apartment for £50,000 in Eastern Algarve. If you have more expensive tastes, the Vale do Lobo would be more to your liking with properties starting from the £1 million range. The Vale do Lobo resort is best known for its championship standard golf course as is much of the Algarve. Indeed, Golf is a major fixture of the Algarve the area can claim to be the number one destination for golfing holidays.

With the huge popularity of Golf across much of Europe, you could expect continued capital appreciation on an annual basis into the double figures. This can also be said for renting out a property.

If you are purchasing property in the Algarve, you should expect to pay the following approximate prices:

Studio apartment - €120,000
Two bed apartment - €280,000
Three bed villa - €590,000

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