Released on: February 22, 2008, 11:42 am

Press Release Author: Jim watson

Industry: Real Estate

Press Release Summary: As the Spanish market has taken a few hits in recent times,
many investors have been looking around for alternatives

Press Release Body: As the Spanish market has taken a few hits in recent times, many
investors have been looking around for alternatives. While some have found new
places to go to in Spain and some have ventured into the unknown territory of
emerging markets, others have found the country next door to be of great interest.

Evidence of this growing interest has emerged from the moveichannel.com, which has
noted that the country has moved rapidly up its \"top of the props\" chart of the most
popular property hostpots. Last month, the site announced this week, the country
surged into the top ten for the most popular locations for enquiries to sit in fifth
spot.

The site noted not only that Portugal saw good growth in 2007, but that it has been
predicted to see values rise by 12 per cent in 2008, a welcome figure at a time when
so many markets are talking of slumps and corrections.

Furthermore, the sit added, double tax arrangements between Portugal and Britain
made the legal and tax side of investing in the country fairly easy.

With the country being described by Mark Bowen, the UK sales director for property
firm Profile Europe, as being \"on the crest of a wave\", now may seem a very good
time to join the interested parties.

The kind of Portugal property which may interest an investor would be a home such as
a stone cottage located near the world heritage town of Tomar, featured this week in
Homes Worldwide. Such attractive properties, which buy-to-let investors could let to
those seeking a place with ambience and character rather than simply a short walk to
the nearest beach, are highly affordable. The cottage in question, with three
bedrooms, has an asking price of £154,000.

Alternatively, there are always old buildings which can be bought cheaply and then
renovated, another local stone property consisting of two old country homes with
annexes and surrounding land being another featured on the site for less than
£28,000.

Of course, the popular tourist resorts in Portugal property do play a major part in
the property industry, with the obvious buy-to-let holiday home potential these
possess. Propertyshowrooms.com suggested recently that this was unlikely to stop
soon, not least as a new airport north of the Tagus River at Ato, which was
allegedly going to draw tourists away from the Algarve\'s Silver Coast, is due to be
built further south at Alcochete. This, said Propertyshowrooms.com\'s business
manager Peter Mindehall, would not draw tourists away from the Algarve as it was the
same distance from the Silver Coast as Lisbon\'s existing airport.

In addition, he said: \"The Algarve has for a long time been a favourite of investors
because of the fantastic rental yields that can be achieved due to Portugal having a
year round rental market. This has mainly been made up of European and American
travellers coming over for Portugal\'s spectacular championship golf courses and
beautiful scenery.\"

So for those who want to look at investing a country lots of people are interested
in, Portugal looks like it first the bill, with the Algarve fitting it particularly
well.

In today\'s world Property investment is an excellent investment option especially
investment in UK

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