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2 August 2007

Investors should concentrate on Portugal’s Silver Coast

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by Kay Mitchell

Investors should concentrate on Portugal's Silver Coast

Portugal is currently 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 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.

The international property portal, Homesgofast.com, has recommended that investors searching the Algarve for possible acquisitions should concentrate on the Silver Coast. Property prices in the area are increasing significantly, more so than anywhere else in the Algarve.

Homesgofast.com added that this growth will increase further in the future as Beja airport, South Portugal, will be operational in 2008. The group sees the Silver Coast as a hotspot, properties are half of the price of central Algarve and have good potential.


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