Boasting some of the best beaches in Europe, Portugal has long been a favourite destination for British sun-seekers taking advantage of cheap flights to the country, as well as the Mediterranean climate and lower cost of living it has to offer. But with more and more Britons longing for property abroad, the country is turning more heads as the new hot location for property investment in the buy-to-let market, as a place to retire or for those fortunate enough to purchase a second home.
Spain and France have long topped the list of countries where people buy second homes or investment property, but for those who more often opt for the path less traveled, or less developed in this case, Portugal is becoming more appealing. Travelers from Britain are increasingly looking for holidays in culturally rich places rather than the typical cookie-cutter "sun, sand and beach" resorts that have become a mainstay of the holiday market. Portugal's tough controls on planning and development have preserved much of its countryside and towns, along with the typical Portuguese charm that has piqued the interest of those wishing to invest there.
Property investors such as Mark and Kerry Woodhouse of Maidenhead have taken notice and bought property north of Lisbon, in an area known as the Silver Coast. Away from the places of higher development in the south, they invested in a two bedroom flat near Obidos on a golf development which they plan to let.
?People are crying out for a more cultural type of holiday where you experience what the country is like, rather than going to a place saturated with new developments? Ms Woodhouse told the Telegraph.
They believe that this turn in the market will give them a good return on their investment and many others are tuning into this shift as well.
With interest rates on the rise there has never been a better time to get on the overseas property ladder. According to Conti Financial Services, a specialist advisor on arranging foreign mortgages, borrowers can get a loan in euros for as low as 3.4 percent. Of course there is a lot to take into account when making any investment such as the down payment, which can be much more in Portugal than other countries abroad, and the fluctuations in currency conversion also effect loan repayments.
There are plenty of lenders in the UK including Halifax, Lloyds, HSBC, Royal Bank of Scotland and some building societies employing experts ready to assist those wishing to buy abroad and also offer loans internationally. Finding that perfect place in the sun has never been easier with so many agencies advertising online and estate agents displaying Portuguese properties in their windows.
The Best Place To Invest
Are you looking for a place where you can enjoy nature at its best but without the trouble brought by not-so-updated world? In that case obtaining Moraira property is a sensible means to take. Located on the coastline of northern Costa Blanca, is a stunning and rich town of Moraira which is situated inside the municipality of Teulada, in La Marina Alta District, in Alicante Province. Back then, it was simply a humble fishing resort but because of the beauty the place has to offer, it had been further developed. In fact, it has excellent road transportation making the place simply reachable when you are from Alicante as well as Valencia airport. Moreover, the place also bridges other tourist spots which include Altea, Denia, and Benidorm.
Are you planning to get a Moraira property? Well, you shouldn't actually think twice because the money will surely be paid back with all the interesting things that the place can offer. Are you a beach buff? Then you should know that Moraira holds famous beaches like Plagates and L'Andrago that is surrounded with up-to-date facilities! The place is actually bordered by beaches that on the other hand hold superb amenities which include restaurants, bars, cafes, and safe yet fun nightlife. For foods, their restaurants cater a wide array of food that will surely be loved by the inhabitants no matter where in the world they came from. One of the most famous restaurants is the La Sort and the Dauphin which usually arranges a Gourmet festival in autumn that is one of the main attractions of the place and also the main reason why Moraira is well known as the center of gastronomy.
Moraira property is also very much suited for people who would love to do any rigorous physical activities that are offered by various water sports companies in the place. You can take pleasure on sailing, windsurfing, scuba diving, and sailing. Moreover, the place is also filled with nature's rich glory. In fact, every Friday a weekly market is organized in where you can get hold of almost anything from fish, vegetables, fruits, dress, purses, jewels, crafts -just name it and you can surely find it there!
Happiness is as well guaranteed the whole year because of their famous and colorful fiestas that blessed their streets. One of the most distinguished fiestas is the fisherman's fiesta which is celebrated in honor of the Virgen del Carmen which is notable by its multicolored fireworks. There is also the Fiesta of the Christians and Moors, done in memory of the Santisimo Cristo and held annually on the second week of June. With all of these interesting thing and festivities that the place can offer, there is no doubt that more and more people want to get Moraira property! Budget is never an issue to face because these properties are often priced lower than what you expect to pay from any other places. So start your aspiration of owning the beautiful land of Costa Calida and surely, you'll never regret it.
Both Adam & Neil Ebsworth are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Adam has sinced written about articles on various topics from Computers and The Internet, Sony Ericsson Mobile Phones and Computers and The Internet. Adam Singleton writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.. Adam's top article generates over 135000 views. to your Favourites.
Neil Ebsworth has sinced written about articles on various topics from Interview Questions, Site Promotion and Marketing. Hot Property are local Moraira based Estate Agents dealing in Sales in and. Neil Ebsworth's top article generates over 49500 views. to your Favourites.
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