|
With markets melting and credit being crunched into the carpet is
there anywhere in the world to buy a potentially profitable property
anymore? Or should we all just accept the fact that property can no
longer be considered an investment, and instead see it as just a luxury
item or a necessary roof over our heads?
Well, having searched the length and breadth of the property world we
have discovered a couple of pockets of potential profitability in
Portugal in the form of golf and marina property.
If some sun, sea,
sand and sagacious spending appeals to you, how about the following
ideas for securing profitable property in Portugal to beat the price
crash?
Of course, we cannot guarantee that any investments made will
actually return you any cash, but there would appear to be something of
an insatiable appetite for golf property on the Algarve and marina
property in Portugal’s favourite resorts.
A recent report in the Telegraph highlighted the fact
that marina based properties along the world’s most popular waterways
are in high demand. Berths on the Mediterranean are so highly sought
after and prized for example, that where there are marina homes
complete with berths coming to the market, they are still being
snaffled out and snapped up for top dollar despite the current economic
climate. Yes, we know, Portugal is not on the Med, and so much better
for it because prices for marina properties in Portugal start from a
much lower position that those in Spain or France for example.
According to a spokesperson at Knight Frank: “marinas have overtaken
golf as the key driver at the top end of the second-homes market,”
which means that anyone who buys in now is getting in on a market where
there is demand, affluence and affordability – factors seriously
lacking elsewhere in the world of real estate!
Although marina homes may have knocked golfing properties off the top
spot for those in search of a luxurious second home, when it comes to
golf, the Algarve is the place to be, to play and to own property.
Nothing appears to be denting demand for golf properties in Europe’s
most famous golfing playground, and new developments such as the
Vilamoura Golf and Garden Resort on the Algarve are not slowing
construction or seemingly concerning themselves with the global
financial slowdown. Sales at the development are continuing apace –
off plan – and the famous names buying up homes at the resort just add
fuel to the developer’s marketing fire.
So, if you want property that remains in maximum demand with the
well-heeled so that you have a chance of profiting from any investment
made, we would say that golf and marina property in Portugal is certainly worth a little closer inspection.
|