Portugal among most popular places to live

Figures have revealed that the Portuguese property market is one of the most popular in Europe with foreign buyers.

Silver Coast and Algarve remain the most attractive regions with large numbers of UJK buyers fleeing over to buy a holiday home in the popular country.

Portugal has been recognised to have a stable housing market with house prices only fallen by four per cent. In the UK the drop has been a lot higher at a total of around 20 per cent.

Figures from Eurostat found that their wider economy was not as badly hit either. Their gross domestic product was 1.8 per cent larger in the first quarter of 2010 compared to the same period last year.

Many areas across the country are offering bargain property prices with developers further offering massive discounts and incentive packages, such as free furniture packs, as they bid to develop further market growth.

Jose Luise Borges das Neves from Beiraneves property agency, said that more and more buyers are moving away from the tourist centres of the country looking for properties in quieter and rural destinations.

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