Portugal has been a popular spot for British tourists for decades now and the recent explosion of interest in overseas off plan property has had quite an effect on the country – vast areas have been developed solely with real estate in mind, especially in and around the Algarve. Even in areas of the country less popular with tourists there are countless desirable spots for any budding investor. All of this adds up for a very good package, but the thing that clinches many deals is the fact that the cost of living in Portugal is a lot lower than that of other European countries – the climate of Spain, arguably friendlier people and a fraction of the cost? It makes sense.

Lisbon is one of the most popular areas of the Portugal for off plan investors and has seen a lot of business in the real estate market, especially over the last few years. Prices are, unsurprisingly, higher than those in less popular areas of the country, but comparatively speaking are more than agreeable when compared to neighbouring countries. Whilst there are very few opportunities for true bargains, no prices should leave a bad taste in the mouth.

Investment elsewhere in the country proves almost as popular, especially in and around the Algarve region – the further from the heavily populated regions you get, the more likely to stumble on an absolute bargain you are!

Portugal was ranked by the October 2006 Channel 4 Program ’20 Best Places To Make Money’ as the third best place – close behind Poland and Romania. The potential for returns on investment is very high and off plan buyers can rest easy that investing in the Portuguese market is safe. For a wonderful Mediterranean climate, friendly people and low cost of living, Portugal really does tick the right boxes.