Ten Reasons to Buy Property in the Algarve through Carnival
The Algarve is an incredibly popular tourist destination ranking in the top 20 most visited locations in the world.
If you’re looking for a market with sustainable and strong demand here are ten reasons to buy property in Portugal.
The city lies on the south coast of Portugal and was occupied by the Arabs in AD 718. The name 10 Reasons to buy property in Portugal comes from the Arab term "Al-Buhera" which can be translated to "Castle of the Sea". It is possible that this name derived from the survival of a fort built on the rocky outcrop of the area that once dominated the lagoon in the lower part of the city. The municipality has an estimated inhabitancy of over 30, 000 and the area covers just over 140 km sq.
1. One of Europe’s premier golfing destinations
Famous for its range of first class golf courses, Portugal is a much sought after destination, popular amongst golf enthusiasts. The Algarve in Portugal is the number one golf destination in the whole of Europe. There is an average of 200,000 golfers who holiday in Portugal annually.
2. Strong and Sustainable Tourism Demand
Portugal is always among the top 20 most visited destinations in the world and it is incredibly popular in particular with Brits. Last year well over 11 million visitors travelled to Portugal. According to the World Travel and Tourism Council, tourism based growth will be in the region of at least 3% annually from now until 2017 which means anyone buying property from Carnival as a jet-to-let investment asset has a strong and developing market to rely upon.
3. Fractional freehold shared ownership is simple and safe.
With Fractional freehold shared ownership available, you can enjoy all of the benefits of a luxury second home without the full capital outlay.
4. Beautiful weather
The Western Algarve basks in more than 3,000 hours of glorious sunshine a year.
5. Property Prices Remain Favourable
Property prices in Portugal have only risen by about 20% in the last year which means prices in Portugal are steadily and sustainably appreciating meaning they are affordable today and likely to offer decent capital growth over the medium term.
6. Portugal is Easily and Affordably Accessible
EasyJet, Ryanair, Flyglobespan and Jet2.com fly regular cheap flights into Portugal from the Uk and at only 2.5 hours flying time from the these inexpensive flights makes Portugal the ideal holiday destination to be enjoyed throughout the year.
7. A country steeped in history and culture
Discover historic towns, view the magnificent architecture and experience the beautiful culture Portugal has to offer. From bustling street markets and night life to long stretches of uncrowded sandy beaches, there is something for everyone.
8. Attractive for FDI
Portugal is one of the most attractive nations for foreign direct investment in the world as it has the lowest corporation tax in Western Europe and it also has policies in place to attract foreign direct investment to the nation such as offering attractive financing to grants and additional tax breaks.
9. High Level of Investment into Infrastructure Projects
The government is pouring billions of Euros into the development of national and international train links and into the expansion of the country’s main airports. This makes accessing the country even easier which will in turn increase tourism traffic and business flow. This is good news for anyone thinking about investing in Portuguese property.
10. A Decent and Robust Economy
Economic growth in Portugal has improved under the leadership of the current prime minister and currently it is topping around 1.6%. Additionally the budget deficit is falling and thanks to EU funding and concerted local efforts, Portugal now has a robust economy which bodes well for the future development of the nation and gives buyers long term faith in the country too.
