Although prices for properties in Portugal tend to be higher than many areas of the Mediterranean, a buoyant market has realised healthy capital returns. The Algarve remains the most popular area with UK buyers, attracting more than 95% of house hunters with its attractive scenery and world class golf.
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Portugal's vast land and long stretch of beaches is complemented by a rich culture. The country abounds with religious pilgrimages festivals and fairs which bring towns to a standstill. The largest by far is the showcase of riding contests and bullfights.
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Today, Portugal is a modern, forward-reaching country, fully aware that a major source of its income comes from tourism. Modern infrastructures are in place and a lot more thought goes into planning permission and the protection of the environment.
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The market in eastern and southern Portugal remains very strong, despite recent changes in the global economic climate and current world events. More and more people are looking to migrate in search of value for their money and Portugal has much to offer. So at a time when property markets in other countries are stagnating, Portugal seems to be very much on the up.
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At a time when the property market in some of the European countries is slowing, the Algarve seems to be very much on the up. Prices have risen and are set to continue rising, meaning that investment opportunities are good. Portugal is an exceptionally pleasant place to live and certainly lures back scores of holidaymakers, year after year.
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