Villa albufeira idealhomesportugalrentals com

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Villa Albufeira While much of the world is still engulfed in real estate problems and mortgage tightening, Portugal has been involved, but with less damage to Portugal property markets. Some analysts explain that Portugal's historic cautious approach to real estate development has been the primary reason for the better performance compared to neighboring Spain and also Ireland. 2 bed Apartment Lagos

In 2009, Portugal managed a 0.4% increase in home prices. Contrasting, Spain's housing market experienced a 7.4% drop in prices in 2009. Overall, Euro Zone home prices fell by 4.6% in the same period. While world financial articles point out high national debt of Portugal as the next threat to stability after Greece, Business Director of Aguirre Newman was quoted by one source as saying: "We never reached levels of high debt and our banks have always been more conservative. This is largely why the crisis has not been as profound in Portugal as elsewhere in Europe." A contrast between national debt and private financing seems to be evident.

Carvoeiro, in the Algarve, is a bright spot in the Portugal property markets. Vacation home buyers and investors have focused on this area with its beautiful beaches, two golf courses, and a tennis center. With a history dating back to Roman times and strict building standards, foreign investors find the Algarve, and particularly Carvoeiro, an excellent area for property purchases. Apartment lagos marina

While residential real estate has held its own in Portugal, the commercial real estate sector has been through some tough times. But, the news looks better going into the future. While some


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