London, England (PRWEB) April 30, 2007
Ownership of property overseas by the British alone has grown over 50% since 2000. This represents an all time record of nearly 260,000 people who own a foreign property -- usually in a cheaper and sunnier country.
Whilst Spain has historically been the most popular choice among the British and many other nationalities for buying property there is a growing interest in the emerging (and substantially less expensive) property markets around the world.
Portugal has been a popular spot for British tourists for decades now and the recent explosion of interest in overseas off plan property, new build and renovated properties in Portugal 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 property 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, friendly people and a fraction of the cost? It makes sense to choose to invest in a property in Portugal.
Lisbon is one of the most popular areas of 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 Portuguese property prices should leave a bad taste in the mouth.
Investment property elsewhere in Portugal 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 property investment bargain.
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 property market is safe. For a wonderful Mediterranean climate, friendly people and low cost of living, Portugal really does tick the right boxes when looking for investment property. Off Plan International Ltd Properties in Portugal can be found at http://portugal.offplanproperty.info/offplan.html
To satisfy this growing interest in off plan property, new build and renovated property investment around the world http://www.offplanproperty.info has been created to pull together the vast array of disparate information available on the Internet (and from other sources) into one coherent and easy to use portal. It is aimed purely at those interested in buying off plan property, new build and renovated properties around the world either for investment or holiday home purposes.
More and more people are adding international investment property to their property portfolios and historically off plan property purchases have provided excellent returns for many people in many countries. This interest in overseas property investment has been fuelled in recent years by low interest rates and stock market returns. In the UK the substantial increases in property values has also provided equity that is able now to be released allowing those that could previously not perhaps afford to purchase property abroad to do so.
All countries featured in http://www.offplanproperty.info have different reasons to invest ranging from pending or recent EU entry, the fact that it is an emerging holiday or tourist destination or simply because the economy is robust or is growing at a rate faster than more developed nations but, in almost every case, the property prices featured in this entire region still remain excellent value with great investment potential.
Some of the countries covered are relatively immature where foreigners have only been allowed to buy property very recently in their own name or in some cases by setting up a company incorporated in that country. Many have already witnessed something of a price explosion, increasing by anything up to 50% over the last two years. All the vital signs are that prices in the main will continue to as the world economy strengthens. Many countries profiled are experiencing large amounts of inward investment attracting interest in their property markets by both ex-pat businessmen and the local market as well who find that they themselves have become wealthier as a result, combined with the low cost of living that exists in many of the locations covered and the emergence of a stable mortgage market.
The advantage of buying property off plan is that the build cycle can be anything up to two years and with staged payments over the period. The expectation that property prices will continue to grow combined with the lower deposits initially required with buying off plan property affords the buyer less initial risk and the opportunity to, if required, sell on either before or after completion at a higher price.
http://www.offplanproperty.info is owned and operated by Off Plan International Ltd, a wholly owned subsidiary of Balkan Holdings plc which in turn is a holding company with diverse business interests in Eastern and Central Europe. Balkan Holdings plc are also the owners of My Bulgaria Ltd who operate the hugely successful site http://www.mybulgaria.info aimed at those buying, or thinking of buying, property for sale in Bulgaria and the Romanian Property portal http://www.romanian-property.info
Press Contact: Simon Walker
Company Name: Off Plan International Ltd
Email: sales @ offplanproperty.info
Portugal Property Listings: http://portugal.offplanproperty.info/offplan.html