Portugal’s qualities include high off-season yields

Permalink: Portugal’s qualities include high off-season yields
by Gill Montia

Overseas property and offshore investment expert, ShelterOffshore.com, is reminding investors that Portugal’s property market is more stable and robust than some other popular European destinations.

Rhiannon Williamson, director of the investment website, is urging Britons seeking an overseas property close to home to familiarise themselves with the rental yields that Portugal has to offer, particularly off-season.

She explains: “In Portugal you can, of course, buy into the popular Algarve region and target the highest demand for tourism-based rental and experience prices on a par with those in Spain. You will also be in a position to benefit from a year round tourism market because of the Algarve’s out of season popularity with golf tourists.”

However, coastal properties in Portugal demand a premium and significant savings can be made by purchasing inland.

Here, there are opportunities to find properties that retain a sea-side feel with stunning views of the coastline.

ShelterOffshore.com describes Britons buying property in Portugal as “lifestyle buyers”, meaning the market is popular with those seeking a home, second home or retirement property rather than purchasers focused entirely on investment.

According to a recently published “Quality of Life Report” from NatWest Bank and the Centre for Future Studies, Portugal was the third most popular destination for Britons moving overseas for a better quality and more affordable way of life.