Portugal's lessons in development
While such a view may underestimate the variety of possible new opportunities that Spain can offer now or in the future, which may arise from the development of new resorts, airports and public transport links, the situation in Portugual appears to be of an altogether different order.
This point was made by Paul Luetchens, managing director of Portuguese property portal Hotproperty.co.uk. Mr Luetchens stated that one of the key perceived failings of Spain - that of poor design and overdevelopment on the Costas - is an error that the Portuguese are keen to avoid.
He commented: "I think the Portuguese property market is less prone to the sort of ownership mishaps and gross overbuilding that we have seen in Spain. The Portuguese are very concerned with how their market is viewed internationally - not the sign of a quick grab market. They are keen to make sure the design and spec is high quality."
This applied in a number of areas, he said, even the Algarve, where he stated that the avoidance of overdevelopment had been managed due to the "restraint" of planners.
While Portugal is managing not to slay that particular golden egg-laying goose, however, there are some who have suggested that the very best property prospects in Portugal lie in other areas. For example, last month Russell Bragg of Premier Resorts told the Daily Telegraph that while there was a possibility of the Algarve feeling negative effects from the credit crunch, the Silver Coast was one of a number of "top quality" resort areas around southern Europe for which there was still a "hunger".
Of course, one factor that can help a particular part of the country perform better than another is the development of good infrastructure. Mr Luetchens noted that: "The infrastructure is constantly improving and issues such as water usage are given high importance. This bodes well, particularly for a country that is building so many golf developments." This point has perhaps been borne out this month with news from Reuters that a new road and rail bridge in Lisbon has been approved, which will provide a third crossing of the River Tagus from 2013 and - significantly for tourism - improve links with a new international airport. It will also connect with a high-speed rail link across the border with Madrid.
Should Portugal manage to keep on developing in the right way, retaining its appeal without making errors of development, it may just be that rather a lot of new investors will make frequent use of that bridge.
In today's world Property investment is an excellent investment option especially investment in UK
Address:Assetz House, Newby Road, Stockport,Cheshire
ph:0845 400 7000
fax:0845 400 6010
In the recent turmoil of the credit crisis the difficulties of Spain have been well documented, with falling prices, controversy over illegal building coming to a head when some properties were summarily demolished and a general feeling that a few chickens had come home to roost.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Portugal's lessons in development here
News-ID: 43066 • Views: 1145
More Releases from Assetz
Searching for new Spanish options
For every analyst who says the Spanish property market is dead, another states that it is only slumbering. Some have suggested that the market is a busted flush for investors, with falling prices and over development meaning the good times are over after the recent boom years. Others have noted that Spain remains a popular place with buyers, many of whom are as much if not more interested in enjoying a
How transport gets investors on track
Today\'s news that the Bank of England\'s monetary policy committee has cut the base rate again to five per cent will be welcome news for investors in property amid a climate that has seen the market take something of a hit in recent months, both from the higher interest rates brought about by the increases in the rate between August 2006 and July last year, plus, more recently, the credit
Best deals opening up in Cyprus
Cyprus has been having an eventful year so far, with New Year\'s Day bringing the adoption of the euro as its official currency, the election of a new president, Dimitris Christofias and with him the tantalising prospect of better relations with northern Cyprus, perhaps even leading to a permanent solution to the division of the island into Greek and Turkish segments that has remained intractably in place since 1974. Since Mr
Under priced, up for grabs and over there
With the credit crunch dominating the news in recent months, much of the focus has been on where the property market has seen a decline, with the US and Ireland being two examples of countries suffering heavily, while the UK and Spanish booms are universally regarded as being over. In the meantime, of course, those investing in cheap property keep on looking. If some markets are less favourable now, there are
More Releases for Spain
Spain Agriculture Market, Spain Agriculture Industry, Spain Agriculture Livestoc …
The Agriculture has always been of prodigious importance for Spain region, as feeding the world’s principal population is not an easy assignment. The Spain government has been auxiliary the industry of agriculture with a significant number of policies, trying to stabilize the productivity and seeking ways to ensure the sector is upward healthily and sustainably. The federal government of Spain has been exceedingly supportive of agriculture for decades, and there
Spain Foodservice: The Future of Foodservice in Spain to 2020
The Future of Foodservice in Spain to 2020 Report published by Publisher Intelligence provides readers with a detailed analysis of consumer, operator and technology level trends in the Spanish Foodservice sector, analysis of market size, outlets and transactions in Spain and key players in the Spanish Foodservice market. This report offers detailed analysis of the Spanish Foodservice market with market size forecasts covering the next five years. This report will also
Medium & Heavy Trucks in Spain
ReportsWorldwide has announced the addition of a new report title Medium & Heavy Trucks in Spain to its growing collection of premium market research reports. Medium & Heavy Trucks in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the
Agrochemicals Market in Spain
ReportsWorldwide has announced the addition of a new report title Spain: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “Spain: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
WHAT: On Saturday, March 12th, 2016 from 1:00PM to 5:00PM, The Wine ConneXtion, located in North Andover, MA, will show guests, sip-by-sip and bottle-by-bottle, that Spanish wines deserve a place on their shelves and in their glasses during its complimentary tasting “Exploring Spain.”
ZENDOME - first steps in Spain
To speak with the translated voice of Berlin composer Frederick Loewe: It greens so green when Spains blossoms are seen. Not quite the right colour, but red is much more imposing anyway. Under the blazing Spanish sun the ZENDOME team has constructed a ZENDOME.150M with a very special membrane for the Open-Air-Festival Festimad in Madrid. You can watch the geodesic workout here on our site. The fast motion shows how the