Portugal receives 21 billion euro grant for development

Portugal has recently taken on the EU Presidency, which will undoubtedly raise its public profile, but in addition to this honour, they will now receive a 21 Billion Euro grant to help further develop the country. This grant will enhance its strong position in Western Europe and with the upgrading of infrastructures, will again encourage more people to invest there.

Rob Shaw Marketing and Operations Manager, for Spanish Algarve Properties Ltd, says, “In the face of some tough competition from emerging property markets, Portugal still maintains its high rank in the list of favourite destinations, with estimates that over 200,000 British already own a property there. This is a staggering figure and it actually accounts for 11% of all UK buyers abroad. Location, climate and stability are all strong factors for those looking to invest here, however Portugal also has golf to thank. The Algarve is world renowned for its golf courses and the fantastic year round climate has helped to create a year round golf tourism market with investors seeing very healthy rental returns. With Spain currently hitting the headlines for the wrong reasons, Portugal is likely to see above average property price appreciation. Portugal and particularly the Algarve are ideal as a buy-to-let market.”

Spanish Algarve Properties now have pleasure in bringing Royal Cabanas Beach & Golf to the market. Situated next to the traditional Portuguese town of Tavira – currently an overseas property hotspot, there will be a selection of 1 & 2 bedroom apartments and 3 & 4 bedroom detached villas only metres from the waterfront where you will find an excellent array of restaurants, bars and shops. This private community, due for completion in 2008 will be built to extremely high specifications, including the highest quality stone flooring throughout, top of the range white goods, fitted kitchens, air conditioning and underground parking.

There are several championship golf courses on the doorstep and Faro Airport is only a 20 minute drive away making transfer time minimal.

Prices start from just £109,000, with a 30% deposit and 70% mortgage.

Spanish Algarve Properties specialise in the sale of land and property in the Costa de la Luz and Portuguese Algarve. They are acknowledged leaders in real estate on this coastline and cover everything from the Western Algarve past Faro Airport to beyond the Spanish border and the Donana National Park/Seville – a distance of around 200 miles.

For further information, visit spanishalgarveproperties.com.