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Algarve Property: Algarve is a 'good investment'

Date: 26/3/2010

The Algarve still represents a good investment prospect for many Brits looking to buy European property, it has been suggested.

An article in British daily newspaper the Daily Mail has highlighted the positive aspects of investment in the country, with good weather, attractive beaches and "the best golf courses in Europe" contributing towards its appeal.

Despite the current economic climate, high-end resorts have seen "little downward movement", property company Knight Frank told the paper.

"The key to the area's success is its track record. It's survived a downturn before and has the right ingredients to tempt buyers - beaches that don't get overcrowded, a 20-minute transfer from Faro airport and first-class resorts," the news provider reported.

Furthermore, earlier this year investment consultancy Property Frontiers claimed that the Portuguese property market was a safer option than neighbouring Spain.

It stated that currently buyers tended to be adverse from taking risks and as such were moving from the Spanish market to take advantage of rising prices and the growing economy. Source: Property Showrooms

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