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Portugal 'seeing tourist buy-to-let growth'
2008-09-01
Portugal's tourist buy-to-let market is growing rapidly due to the increase in visitors coming to the country, it has been stated.Figures from the World Trade Organisation showing a ten per cent rise in numbers last year are expected to be followed by a further increase this year, Homes Worldwide reports.
Managing director of property development firm Owner Invest Mark Bingham told the portal: "Portugal has proved to be an extremely popular tourist destination in recent years. The increase in visitors has been pivotal in the growing demands on the Portuguese property market."
The website identified the blue coast as one of the areas that has seen a lot of growth in recent years.
Among other locations where investors in this sector may look for properties is Carvoeiro in the Algarve, Gulf Weekly suggests.
The Bahrain-based publication stated last month that the village has developed from a small fishing port to a major tourist centre in recent decades.
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