Hotel rooms in Portugal on a buy to let scheme will see their
ROI (return on investment) come to fruition very quickly.
The Algarve has seen prices double in the last ten years and
the latest statistics suggest that prices increased by 6% in 2006 and up to 10%
in 2007/2008. This is proving that Portugal properties still have a high buy to
let demand. This is good to know as anyone joining the market can exit the
market smoothly and efficiently.
Buy property Portugal
Portugal has been a British favourite for years, it is only a
two and a half hour journey by plane and almost a quarter of the tourism into
Portugal comes from the UK. Portugal boasts excitement, passion and a history
that is a fundamental part of the Portuguese way of life. Similar to the
Spanish, the Portuguese have a slower pace of life, a sunny climate, excellent
food and wine and with over three hundred days of sunshine a year - imagine
that! Despite all the golf courses and the tourist attractions, Portugal also
has wonderful beaches and for the more country folk - mountains for great
walks, wildlife and natural beauty. All of these reasons are an advantage to
why buy to let investments are rife in Portugal right now, making it cheaper to
buy property in Portugal than it is in the UK.
Portugal is a popular destination offering fantastic weather,
stunning beaches, tourist attractions, activities for entertainment, sporting
activities, great food, wine and a diverse way of life. The appeal of Portugal
is huge and growing annually, making buy to let Portuguese property in very
high demand. Buy to let offers the buyer a few weeks a year where you get to
enjoy your purchase while the rest of the time you gain an instant income from
holidaymakers, golfers, family and friends.
Buying a hotel room in a country like Portugal is a fantastic
opportunity as you are almost guaranteed returns on your investment instantly!
The majority of the buy to let properties you buy will offer you some form of a
management service or letting service so you can kick back, relax and generate
your retirement income.Buy to let mortgages are available from UK banks for
Britons, this process is well documented making it easy for Britons to invest
in buy to let apartments.EasyJet, Ryanair, British Airways, Monarch, Jet2 are
among some of the regular airlines that offer cheap, direct flights into
Portugal from the UK.
Portugal was admitted to the European Economic Community (now
EU) on January 1st, 1986 and on February 16th, 1986, Mario Soares became the
country's first civilian president in 60 years. Elected in 2005 under a strong
reform mandate, Prime Minister Jose Socrates is undertaking ambitious measures
to lower Portugal's deficit and strengthen the economy, improve general
conditions for population and they have been accepted internationally for
having a strong and intelligent police force. As part of the country's economic
plan, Portugal will invest 10 billion Euros in infrastructure in the next 5
years, making use of the European Union's structural and cohesion funds that
are still available to them.
