A Positive Start to the New Year!
If you follow the international property market or the Portuguese media, you can’t have escaped a raft of good news in the last few weeks.
With the Algarve still basking in the winter sun (despite some low nighttime temperatures), it appears it’s not just the weather that’s attracting buyers from all over the world.
In a recent article from the US press, (syndicated from the publication ‘Live and Invest Overseas’), the Algarve was cited as one of the nine best locations in which to buy property across the globe. Here’s an excerpt of their article:
"Properties in the southernmost region of Portugal rank among “Europe’s best bargains … Long term, property in the Algarve [area] will hold its value thanks to restrictions on coastal construction.”
Whilst few Agents would classify central Algarve property prices as a ‘bargain’, it’s fair to say that when compared to northern Europe in particular, the region offers remarkable value - for now!
Those readers who already own property here and are considering selling, are currently seeing their property values soar as Portuguese Tax incentives continue to attract wealthy buyers from France and Scandinavia.
Whatever your nationality, the Algarve offers a lifestyle that everyone is talking about. We believe property in the Algarve offers a secure medium to long term investment – a principle that’s remained constant since we opened in 1981.
For the British, Brexit has undoubtedly complicated matters, but given our enquiry levels, it’s clearly not all bad news! We believe this comment (sourced from Bloomberg) sums up the current situation beautifully:
“…..we like the climate, the relaxed way of life and the coffee mentality too much to even consider selling our second home here, despite the uncertainty over our Government’s lack of direction on Brexit. You can’t put a price on this way of life and we can’t think of a better place to retire…”
Our team of Property Consultants make it their business to find you a property right across the Algarve. With 36 years of local experience, trust Cerro Novo to source your perfect place in the sun.
Best wishes for 2017 from everyone here at Cerro Novo.
Robert and Ana