If you’re searching for a villa in a prime location, you might find the Algarve area in Portugal to be the perfect choice. The following are six reasons why you are sure to see a profitable return on your investment when choosing property in the Algarve region.
1. Rise in Golf Tourism
The golfing tourism has seen tremendous growth in the industry, and it is superior to any other form of tourism around the globe. If you’re looking for the most popular golf destination, you won’t find anything better than the Algarve. Portugal plays host to over 200,000 golfers who make this their favourite spot for holiday getaways. The economy has also experienced quite a boost with the influx of travellers. People that purchase a villa in Algarve could see a substantial return on their investment and reap a sizeable income.
2. Popular Property Demand
Portugal is listed as one of the 20 most travelled destinations around the world, and it is especially famous with the Brits. The World Travel and Tourism Council states that over 11 million people have visited Portugal over the last year. The future outlook for tourism in the area shows a 3 percent increase from now until 2017. With these bright predictions, you would find it to be a sound investment for those looking to buy a villa in the area.
3. A Favourite with the British
The Algarve region has been quite popular with the British population over the years. It’s also easy to get to from the UK by plane. Plus, people looking to get a loan find it easy to obtain a mortgage from British lending institutions. Because the demand is high for both rental property and home purchases, you will find the area is a smart investment. Whether you want to use the dwelling as income property or put it up for sale, you will be happy you chose the Algarve region.
4. Portugal is Inexpensive and Easily Accessible
There are numerous cost efficient flights that go directly into the Portugal area. Jet2, Ryanair and EasyJet fly into the region regularly from the UK. This makes it the perfect inexpensive hideaway for getting away on holiday.
5. Positive for Foreign Direct Investment
When it comes to foreign direct investment, Portugal is one of the most popular nations around the world. It not only has the lowest corporation tax in Western Europe, but you will find the area to have certain policies in place to attract foreign direct investment. For those looking for financial grants and added tax breaks, you will find the Portugal region a favourable investment.
6. Future Infrastructure Projects
The government has a developmental plan in place to help future business and transportation needs in the area. The country’s airports and train lines will all be expanded for easy accessibility, and it will also be a great economic boon to the country. This makes the area a great investment opportunity for those thinking of purchasing real estate in the Portugal and Algarve region.