€21bn grant to develop Portugal

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by Kay Murchie

Spanish Algarve Properties has declared that Portugal is likely to experience above average property price appreciation and The Algarve is a particularly ideal buy-to-let investment.

The country is also going through a rebirth, buildings are being cleaned up and a new infrastructure project is taking place - a high-speed rail link from Lisbon to Madrid has recently been approved. In addition, Portugal has been ranked among the top 10 destinations for overseas property investment for over 3 decades.

Portugal has recently taken on the EU Presidency, which will certainly increase its public profile. The country is to receive a €21 billion grant to help further develop the country. This grant will further boost its strong position in Western Europe.

Spanish Algarve Properties are bringing Royal Cabanas Beach & Golf to the market next to the town of Tavira, considered to be a property hotspot. The development will comprise 1 & 2 bedroom apartments and 3& 4 bedroom villas just metres from the beach, bars, restaurants and shops. Prices start from £109,000.

Completion of the development is due in 2008 and many championship golf courses are just minutes away with Faro Airport a 20 minute drive away.

Spanish Algarve Properties focus on the sale of land and property in the Costa de la Luz and Portuguese Algarve.