Algarve Property Online - Real Estate

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IRISHS BUY HOUSES IN PORTUGAL

According to Irish mythology the "leprechauns" are considered guardians or connoisseurs of the location of several hidden treasures.

IRISHS BUY HOUSES IN PORTUGAL

According to Irish mythology the "leprechauns" are considered guardians or connoisseurs of the location of several hidden treasures. To get such treasures (usually a pot of gold) you must capture a leprechaun and never lose sight of it. "

Now that the Irish have discovered PORTUGAL, nobody doubts that real estate investments in our country are GOOD INVESTMENTS.

The truth is they discovered the GREATER pot of GOLD The "Portuguese real estate" that is definitely on the radar, being a little news all over the world on a regular basis.

After Portugal capture the interest of the French, Chinese and Brazilians, who have been investing in the purchase of real estate in the country, now it is the turn of the national real estate market to catch the attention of Ireland.

Because prices are attractive and the urban rehab fever seems to have come to stay. Lisbon and Algarve are at the heart of investor radar.

The Irish Times writes that it is worth investing in Portugal and especially in the Algarve. According to the Irish newspaper, after the crisis in the country and the departure of the Troika, there was a change in strategy, with a clear focus on regeneration and renewal of cities.

The fact that there are many old properties and needs to gain "new life" - and at affordable prices when compared with other countries - ended up boosting the real estate sector in Portugal.

"Although prices have increased since 2010, they are still relatively affordable," reads the article. Quoted by the publication, Lloyd Hughes, real estate consultant, was clear: "Value is the main reason for the current interest in Algarve.

The best properties in the central zones 'prime' cost up to 9,000 euros per m2. It's less than half the equivalent in Paris or London. "

The expert goes further in the praise and says that its buyers tend to be mostly (60%) investors, who want to take profit of the project, taking advantage of the Local Accommodation (AL) in the Algarve mostly..., that demand by the Irish is gaining momentum.

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